Our Top Picks

Ariba Logo
Ariba Spend Management Suite
  • Deployment: Web-based, cloud, SaaS, Android
  • Customer service: Phone, ticket, chat
  • Integrations

Ariba is a procurement software provider that offers a wide variety of features. These include requisition management, a feature that ensures your employees use proper buying and payment channels when making requisitions to suppliers. Another important feature, sourcing management, enables you to make better sourcing decisions and speed up the sourcing process, improving the efficiency of your supply chain. Ariba is available online as a cloud-based solution and on mobile (Android). If you need assistance using the platform, you can reach the company’s customer support through phone, ticket, or chat.

Pros & Cons

Pros

  • Available on mobile (Android)

Cons

  • No inventory management

Summary

Ariba Logo
Ariba Spend Management Suite
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS, Android
  • Support Options
    Phone, ticket, chat
  • Inventory Management
    No
Features
  • Deployment: Web-based, cloud, SaaS, Android
  • Customer service: Phone, ticket, chat
  • Integrations
Basware Logo
Basware
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, ticket
  • Purchase order management

Basware is an electronic procurement (eProcurement) solution that helps you automate your procurement processes. The software improves expenditure management, facilitates user adoption, minimizes the cost of procurement processes, and enhances collaboration with suppliers. With Basware, your employees become increasingly willing to use procurement software because the process is easy. This web-based procurement software helps companies of all sizes overcome challenges such as poor relations with suppliers, limited visibility into expenditure, noncompliance with supplier contracts, and high procurement costs. Basware achieves this by getting rid of manual processes that are time-consuming and prone to errors.

Pros & Cons

Pros

  • High visibility via analytics
  • Automates entire source-to-pay cycle

Cons

  • No inventory management

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Phone, ticket
  • Inventory Management
    No
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, ticket
  • Purchase order management
Bellwether Logo
Bellwether PO and Inventory
  • Deployment: Mac, Windows, web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: Phone, ticket, chat
  • Inventory management

Bellwether is a procurement automation software that optimizes your organization’s purchasing cycle to control expenditures, minimize the cost of procurement, and make your procurement operations more efficient. Its services are available online and on-premise. By using Bellwether to define approval levels for your company, you prevent maverick purchasing. The software allows you to achieve higher transparency levels in your company’s spending at every procurement stage and organization level. Bellwether lets you customize workflows to control budget thresholds and tolerances. Furthermore, using it gives you more time to research vendors and negotiate the best prices thanks to the automated web-based PO processes. With web-based PO/inventory software, you benefit from customization, flexibility, and scalability.

Pros & Cons

Pros

  • Available on Mac and Windows
  • Customizable workflows

Cons

  • Price not listed online

Summary

Bellwether Logo
Bellwether PO and Inventory
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Installed - Mac, Installed - Windows, Web-Based, Cloud, SaaS, iPhone / iPad, Android
  • Support Options
    Phone, ticket, chat
  • Inventory Management
    Yes
Features
  • Deployment: Mac, Windows, web-based, cloud, SaaS, iPhone/iPad, Android
  • Customer service: Phone, ticket, chat
  • Inventory management
Coupa Logo
Coupa Business Spend Management
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, email, ticket
  • Integrations

Coupa Business Spend Management (BSM) helps you streamline your procurement operations by improving your business spending visibility and control. The software also helps mitigate financial and third-party risks your company faces. According to its website, Coupa offers value as a service. It defines value as “quantifiable, measurable improvement that a solution or process delivers.” Coupa’s centralized platform enables you to view all your spend — purchases, invoices, expenses, etc. — in one place, making it easier for you to understand and control it. You pay for the platform’s services through an annual subscription. Along with the services, you receive support through phone, chat, and email.

Pros & Cons

Pros

  • Consumer-like experience

Cons

  • Price not listed online

Summary

Coupa Logo
Coupa Business Spend Management
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Phone, email, ticket
  • Inventory Management
    Yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, email, ticket
  • Integrations
Fraxion Logo
Fraxion
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, ticket, chat
  • Integrations

Fraxion is a procure-to-pay software that offers various spend management solutions, including purchase requisitioning, approval management, and spend analysis, for midsized companies. By streamlining request and approval processes, this procurement software facilitates remote working, helping your company save time and money on procurement processes. The software simplifies procurement tasks such as purchase requisitions and approval of invoice requests. With Fraxion, your approval workflows become flexible, streamlining processes and internal controls through features such as in-app alerts and email notifications. Fraxion is useful both as stand-alone procure-to-pay software and as one of multiple integrated IT solutions in a midsized business.

Pros & Cons

Pros

  • Flexible approval workflows

Cons

  • Price not listed online

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Phone, ticket, chat
  • Inventory Management
    Yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Phone, ticket, chat
  • Integrations

How We Chose the Top Procurement Software

Numerous procurement software providers exist in the market, so choosing the right one for your company can be quite a challenge. Here, we listed five procurement software solutions we recommend after examining each provider’s procurement features, integrations, and reports.

Procurement Features

We gave preference to software providers that offered several procurement features because these providers are most likely to offer you the combination of features your business needs. Among the features we considered are deployment options, customer support, inventory management, requisition management, sourcing management, purchase order management, and invoice processing.

Integrations

To get the most out of procurement software, you should give preference to platforms that seamlessly integrate with other IT solutions, such as customer relationship management (CRM) and enterprise resource planning (ERP) software. The integration enables you to pull data from other databases (Salesforce, Sage, etc.) and use it to develop a good overview of the efficiency of your procurement operations. For this reason, we chose procurement software with the most integrations.

Reports

Once a procurement software gathers PO/inventory data and combines it with data pulled from other databases, you need to analyze it to draw meaningful insights. These insights will inform your procurement processes, making them more efficient over time. Therefore, we've listed procurement software that compiles these insights into informative reports you can easily share via URLs or automated emails.