eProcurement
Electronic Procurement
a system that refers to the use of electronic technology, especially the internet, to simplify and improve the process of procuring or purchasing goods and services in an organization or business
Highlight eProcurement
The process of procuring goods and services using information technology and electronic platforms
Compliance and Audit
eProcurement helps ensure compliance with company policies and regulations, as well as providing easily accessible transaction records for audit purposes
Efficiency and Cost Savings
process automation, eProcurement can improve operational efficiency, reduce administrative costs, and provide opportunities for better price negotiations.
Contract Management
eProcurement assists in managing contracts with suppliers. Contract information, deadlines, and other requirements can be accessed online.
Monitoring and Reporting
The eProcurement platform provides monitoring and reporting tools that enable management to track procurement status, vendor performance, and costs.
Integrated with company systems
Can be integrated with internal company systems to automate tax compliance