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Best Procurement Solutions

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What are Procurement Software?

Procurement Software simplifies and automates purchasing processes, enhancing organization-wide efficiency and cost savings.

To learn more, read our GEP SMART vs. Oracle E-Business Suite iProcurement Buyer's Guide (Updated: October 2024).
The top 5 Procurement Softwis solutions are SAP Ariba Procurement, Oracle Procurement Cloud, Oracle E-Business Suite iProcurement, GEP SMART and SAP Fieldglass, as ranked by PeerSpot users in October 2024. Oracle E-Business Suite iProcurement received the highest rating of 8.5 among the leaders. SAP Ariba Procurement is the most popular solution in terms of searches by peers and holds the largest mind share of 26.0%.

Procurement Software offers diverse features to ensure seamless procurement activities. These solutions integrate with existing systems, providing real-time data access and improved managerial control. By centralizing procurement tasks, companies can achieve greater transparency and accountability in their purchasing processes.

What are the critical features?
  • Spend Analysis: Provides insights into spending patterns to optimize budgets.
  • Supplier Management: Enables efficient tracking and management of supplier information.
  • Purchase Order Management: Simplifies creation, approval, and tracking of purchase orders.
  • Contract Management: Centralizes and manages contract lifecycles effectively.
  • Reporting and Analytics: Generates detailed reports for informed decision-making.
What benefits and ROI should users look for?
  • Cost Savings: Reduces procurement costs through better supplier negotiation and spend analysis.
  • Time Efficiency: Automates routine tasks, freeing up valuable time for strategic activities.
  • Improved Accuracy: Minimizes errors through centralized data and automated processes.
  • Enhanced Compliance: Ensures adherence to procurement policies and regulatory requirements.
  • Better Supplier Relationships: Facilitates stronger collaboration and communication with suppliers.

In manufacturing, Procurement Software manages parts and supplies efficiently, ensuring production lines function without interruption. Health care organizations utilize these solutions to handle medical supplies, guaranteeing quality and compliance with industry standards.

Organizations find Procurement Software indispensable for optimizing purchasing processes, reducing costs, and improving overall efficiency. These solutions are crucial for effective supplier management and ensuring enterprise-wide procurement transparency.

Buyer's Guide
GEP SMART vs. Oracle E-Business Suite iProcurement
October 2024
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Procurement Software solutions mindshare

As of November 2024, in the Procurement Software category, the mindshare of SAP Ariba Procurement is 26.0%, up from 25.3% compared to the previous year. The mindshare of Oracle Procurement Cloud is 16.7%, up from 15.8% compared to the previous year. The mindshare of SAP Fieldglass is 8.8%, down from 10.8% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Procurement Software

Top Procurement Software products

Rankings through
PeerSpot #1 Ranked
#1 Ranked
SAP Ariba Procurement
SAP Ariba Procurement, is a cloud-based deployment, has an intuitive receipt and reconciliation processes and approvals can be done via mobiles. SAP Ariba Procurement has the following supporting softwares: SAP Ariba Buying and Invoicing, SAP Ariba Buying Solution and SAP Ariba Catalog Solution. They help manage suppliers, processes, budgets, approvals, and payments on a global basis. A unique software-as-a-service (SaaS) solutions, that ensure control and compliance between vendors, contracts, regulations, and buyers.
7.0
Rating
8
Reviews
384
Words/ Review
2,782
Total Views
1,895
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Oracle Procurement Cloud
Oracle Procurement Cloud Service is a complete source to settle solution that includes the following products:
8.0
Rating
1
Review
1,783
Words/ Review
1,405
Total Views
1,166
Category Comparisons
Popular comparisons
Buyer's Guide
GEP SMART vs. Oracle E-Business Suite iProcurement
October 2024
Free Report: GEP SMART vs. Oracle E-Business Suite iProcurement
Find out what your peers are saying about GEP SMART vs. Oracle E-Business Suite iProcurement and other solutions. Updated: October 2024.
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Oracle E-Business Suite iProcurement
Oracle iProcurement is the self-service requisitioning application that controls employee spending. Oracle iProcurement provides a Web-based shopping system that allows employees to create, manage, and track their own orders while the Purchasing department retains central control. This helps to ensure that policies and preferred pricing agreements are reflected in every transaction. Easy ordering and seamless workflow provide better service, while non-sourced or off-catalog spending gets the attention it needs from buying professionals.
8.5
Rating
2
Reviews
326
Words/ Review
841
Total Views
698
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GEP SMART
GEP SMART is an AI-powered, cloud-native
13
Reviews
1,984
Total Views
424
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SAP Fieldglass
SAP Fieldglass is an open, cloud-based vendor management system platform that helps companies successfully procure, manage, and optimize their external workforces. This includes contract and contingent workers as well as services-based organizations such as law firms and marketing agencies. The unified platform is the largest and most trusted VMS across the globe, noted for its extensive open integration, technological innovation, and clear path to return on investment (ROI).
811
Total Views
722
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Coupa Procure
Bring the ease of consumer shopping to your procurement experience.With company-wide adoption of a single procurement software solution to procure all goods and services, you'll achieve full visibility, control and management of your procurement spend while saving your employees valuable time.
539
Total Views
420
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Zycus Source to Pay Suite
Zycus is a leading global provider of procurement solution suites across the Source-to-Pay cycle. Our product portfolio includes applications for strategic procurement, such as Spend Analysis, eSourcing, Contract Management, Supplier Management, Financial Savings Management, Project Management, and Request Management as well as operational procurement applications like eProcurement and eInvoicing. Our spirit of innovation and passion to help procurement create greater business impact is reflected in the hundreds of procurement solution deployments we have undertaken over the years. We are proud to have as our clients some of the best-of-breed companies across verticals such as Manufacturing, Automotive, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education, and more.
185
Total Views
187
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JAGGAER Spend Director
Spend Director addresses the most critical spend challenges and offers a powerful bundle of supplier enablement, catalog management, contract management and end-user shopping platform.
202
Total Views
170
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PeopleSoft eProcurement
Oracle's PeopleSoft eProcurement is the self-service requisitioning application that controls employee spending. PeopleSoft eProcurement allows employees to manage their own requisitions from searching for items and submitting requisitions to tracking statuses and changing requisitions-all while identifying exceptions, enforcing policies, and controlling employee buying. Automating and controlling employee buying with self-service requisitioning is essential to streamlining procurement processes.
176
Total Views
152
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Informatica Procurement 360
The Informatica Procurement application lets you quickly and cost-efficiently procure products and services, easily integrate suppliers, and adopt supplier catalogs into your procurement system.
161
Total Views
132
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SAP Supplier Relationship Management
SAP Supplier Relationship Management accelerates, automates, simplifies, and centralises procure-to-pay process flow. AP Supplier Relationship Management supports the full e-procurement cycle: from source- and purchase-to-pay to spend and supplier performance management. It can help to streamline operations, enforce compliance with contracts and purchasing policies, and improve overall spend management.
152
Total Views
117
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IBM Emptoris
IBM Emptoris Sourcing is a web-based software application that enables an organization to optimize the process of procurement and provides state-of-the-art capabilities for analyzing and awarding items and services.
162
Total Views
108
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Scout
Scout’s Workday Connector empowers the entire business with secure connections to user-friendly software. Easily transfer supplier data from Workday to Scout for seriously streamlined sourcing.
139
Total Views
111
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Hubwoo eBuy
eBuy is a cloud eProcurement application that allows requisitioners and professional buyers to perform online buying and carry out procurement processes from procure to pay.
143
Total Views
98
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Candex
Candex is your fintech master vendor to engage, track, and pay for any good or service - fast! Each order is authorized to Candex for the benefit of a specific seller. Seller accepts purchasing terms then invoices Candex for goods & services delivered. Candex submits an invoice to buyer after verifications and compliance scans. Buyer pays Candex and Candex pays the seller.
125
Total Views
94
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Tradeshift
162
Total Views
65
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Basware e-Procurement
It’s time to deliver an e-Procurement solution designed to fit into the way people already work today so it becomes the most natural (and compliant!) way for them to get what they need. People expect a consumer-like shopping experience, mobile capabilities, advanced search functionality, personalisation, and an e-Procurement solution that gets them what they need easily and quickly. When people have an e-Procurement solution that makes their lives easier and gets them orders quickly, they will use it every single time. And that's how you achieve 100% user adoption.
97
Total Views
60
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Synertrade Accelerate
Homegrown end-to-end eProcurement software solutions, with 30+ apps to choose from and tailor-build your procurement system, improve your processes, and optimize savings. Core solutions include: Source to Contract, Procure to Pay, Supplier Relationship Management, Idea to Product, Purchasing Intelligence.
85
Total Views
53
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Zycus Procure to Pay Suite
A Gartner leader for four years in a row, recognized by Forrester for its cutting-age procurement technology, Zycus was founded in 1998 by Aatish Dedhia to challenge normative procurement practices for more advanced solutions helping global business game up their delivery and market presence. His vision led Zycus to a global clientele starting with GE, Coco-Cola, Porsche, Emirates, and now 300 other global customers spanning across 20 countries.
66
Total Views
52
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Procurement Software
TYASuite procurement software offers a simple, secure, and cost-effective way to eliminate manual procurement process, get transparency and accelerate your business growth.TYASuite gives greater visibility to the companies by giving them a bird’s eye view of the current spend and make informed decisions. With more than 4500 plug and play features, TYASuite is one of the best procurement software companies.
91
Total Views
30
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Procurify
Procurify is the go-to spend management solution for mid-sized companies. Across the world, hundreds of companies use Procurify to track, control and analyze their spending. With its comprehensive workflow and user-friendly interface, Purchasing, Procurement, and Finance teams have been able to implement Procurify across departments and teams, and create a better Spend Culture. Get set up in as little as two weeks and let us help you transform your procurement process.
117
Total Views
45
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ePlus Procure+
Web-based, indirect supply chain solution; automates internal workflow processes, manages life cycles.
69
Total Views
44
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Levelpath
One place where your team can see all their business requests, projects in flight, contracts renewing, and KPIs. It will be the place you start every morning.
73
Total Views
36
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Capgemini IBX
59
Total Views
43
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Perfect Commerce PerfectProcure
Perfect Commerce's PerfectProcure suite is an On-Demand solution that drives compliance of purchasing and invoice processes. PerfectProcure accelerates the amount of spend under management by leveraging a software as a service (SaaS) model, proven methodology, and a simple user interface. PerfectProcure includes modules for both purchasing and invoice management.
60
Total Views
42
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Prospecta ConnektBizOnline
ConnektBizOnline is a comprehensive platform for all B2B transactions related to Sourcing, Procurement, and Cataloging. It is a web-based application that gives suppliers & customer access market place to trade, communicate & collaborate.
51
Total Views
43
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Zycus iSource
A Gartner leader for four years in a row, recognized by Forrester for its cutting-age procurement technology, Zycus was founded in 1998 by Aatish Dedhia to challenge normative procurement practices for more advanced solutions helping global business game up their delivery and market presence. His vision led Zycus to a global clientele starting with GE, Coco-Cola, Porsche, Emirates, and now 300 other global customers spanning across 20 countries.
62
Total Views
33
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Apptricity Procure-to-Pay
Why waste time and money due to procurement inefficiencies? By automating procurement with Apptricity Procure-to-Pay, you gain complete control of your procurement stream and payments. Our fully integrated procure-to-pay (P2P or purchase-to-pay) solution includes automated purchasing and invoicing to support a smooth, efficient process from start to finish. It begins with goods and services requisitioning and ends with automated payment integration into your accounts payable (AP) or enterprise resource planning (ERP) system. If needed, optional warehouse management capabilities enable you to include fulfillment as well.
54
Total Views
35
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ORO
Easily streamline procurement steps, approvals, assessments, and reviews across teams, systems, and processes.Get history on your side and know which supplier to use for what problem. Translate information into intel for scope.ORO's smart intake engine directs any business user to a compliant process. With ORO, you guide any business user through even the most complex purchase request with ease.
42
Total Views
23
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ElectrifAi ProcurementAi
Practical Ai. Radical results.For most companies, driving better insights isn’t about getting more data—it’s about doing more with the data they already have. At ElectrifAi, we use something called Practical Ai to guide companies through this very journey. To help them answer essential business questions: How can my organization work more efficiently? Increase productivity? Boost revenue? Reduce risk?
42
Total Views
17
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Orienge Conterra FIM
Conterra FIM is enterprise-level software for accounts payable automation. It is a powerful tool to manage AP workflow and reduce your costs per invoice.
72
Total Views
22
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ProcureSENS
Facilitates effective procurement choices. The incorporated contract negotiation component tackles the complexities of the extensive Source-to-Order process. Enables a smooth implementation of your sourcing cycle as ProcureSENS seamlessly integrates with any top-notch ERP system.
39
Total Views
9
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Spendkey
1. Unify - ingests clients’ data from existing ERPs systems and secondary data from the web.2. Transform - auto-maps transaction to correct category of spend using Artificial Intelligence and Machine Learning which significantly reduces human effort and increases overall accuracy.3. Reveal - dynamic dashboards create visual, customised insights.4. Empower - our insights transform the user's ability to control, influence and drive efficiencies.
39
Total Views
10
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ProcureSTEPS
An efficient and advanced purchasing and selection process is achieved through the comprehensive procurement-to-payment solution. This solution effectively resolves complex order fulfillment and payment challenges through its integrated purchase order to invoice exception control system. All internal parties are linked to suppliers within this system.
25
Total Views
15
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KiSSFLOW Procurement Cloud
Take control of your procure-to-pay process with our simple and customizable procurement platform.
30
Total Views
11
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SutiProcure
Automate and accelerate your procure-to-pay process with SutiProcure – a robust online procurement software solution that provides complete visibility and makes your process seamless and easy. It streamlines requisitions, sourcing, purchase orders (POs), inventory management, invoicing, and payments and lets you build excellent relationships with your suppliers. This online purchasing software helps you efficiently manage your day-to-day purchasing and gain control over your spending.
29
Total Views
8
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EffiGO
Automate. Transform. Evolve procurement to bring business progress with transparency, savings, and overall efficiency. Let’s realize this with our end-to-end technology solution and in-depth functional expertise in today’s procurement process.
25
Total Views
10
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Prokraya
Prokraya, our robust, secure, scalable spend management software automates an organisation’s current procurement process to reduce costs, lower risks, and accelerate digital transformation. It has been designed for new-age organizations that demand greater usability and accessibility.
22
Total Views
9
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PayEm Procurement
PayEm helps finance and procurement teams drive business growth with one platform that brings compliance & control to your finance processes, boosting efficiency, savings, and accountability.
18
Total Views
8
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Manugics
SoftNice is a global technology company specialized in the deployment and delivery of IT solutions enabling enterprises in their digital transformation journey. Our innovative software solutions ensure continuous improvement, increase productivity, and empower the employees with digital transformation by unleashing the power of modern digital technologies – Enterprise Mobility, SQL/Business Intelligence, Azure, SharePoint Portals & Collaboration, Enterprise Social Collaboration, Cloud, Security, Salesforce, Office 365, and.NET for custom software applications to transform into digital enterprises for the ultimate competitive advantage.
16
Total Views
8
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Discus Procure 2 Pay
Discus Business Solutions is dedicated to providing best in class IT Consulting & Software Solutions to Enterprise. DBS brings to you the combination of technical expertise, business knowledge needed to design and implement software solutions successfully. We are a team of dedicated maestros who have helped many organizations streamline their processes.
17
Total Views
7
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Gluh
With gluh, managing product supply is a breeze. Once you make the sale, gluh works out where to buy the product based on availability, price and your supply rules. Make more margin with intelligent linking of products from your suppliers and your own inventory.
21
Total Views
2
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Order
Simplify your purchasing process by centralizing it. All the products your company needs to operate in one place, with the guardrails in place to ensure compliance.
19
Total Views
3
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Pivot
Pivot is the ultimate modern Procure-to-Pay tool to help you keep your spend under control while enhancing your teams.
9
Total Views
4
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LeanLinking
Keep your data on every supplier at your fingertips so you can find what you need quickly. LeanLinking is the only cloud-based Supplier Relationship Management solution on the market that gathers stakeholder feedback and system data to equip you with a complete picture of supplier performance.
16
Total Views
3
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PayShepherd
Users employ PayShepherd for managing subcontractor invoices, tracking expenses, and streamlining payment processes. Valued for accurate billing and cost control, it centralizes financial data. Key features include real-time tracking, seamless integration, and robust analytics. Users noted needs for better customer support, intuitive navigation, improved performance, and more customization options.
8
Total Views
1
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SimplifyVMS
SimplifyVMS is widely used for managing contingent workforce programs, streamlining vendor management, automating processes, and improving compliance tracking. Users appreciate its customizability, efficient support for complex staffing requirements, and robust integration with HR systems. Although its reporting features and performance require improvement, the intuitive design and responsive customer support receive praise.
5
Total Views
1
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GovDash
GovDash is an AI platform that assists government contractors with capture, proposal development, contract management & more—in one place.
9
Total Views

Procurement Software experts

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Related categories

Contract Management Software
Accounts Payable Automation Software
Accounts Receivable Automation Software

Popular comparisons

SAP Ariba Procurement vs. SAP Fieldglass
Oracle E-Business Suite iProcurement vs. Oracle Procurement Cloud
GEP SMART vs. Zycus Source to Pay Suite

Procurement Software Q&As

Read answers to top Procurement Softwis questions. 816,406 professionals have gotten help from our community of experts.
Jun 14, 2024
Why is Procurement Software important for companies?
Aug 7, 2021
What is Agile procurement and how to achieve it?
Best Procurement Solutions
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