How to Choose an E-Procurement System

If tasked with implementing a new  E-Procurement System leaves you scratching your head in confusion about where to start, you’re not alone. Implementing the right type of E-Procurement System is essential as you need to use it every day and if you choose something unsuitable your colleagues won’t let you forget that you messed up the one job that you’re supposed to be good at!

Writing a specification for a system might make you full of fear but it doesn’t have to be a painful process. Write down your list of requirements, including must-have, desirable and non-essential.

Listed below are 5 E-procurement providers and top-level functionality. Use the top level information to drill down against your specific requirements. Most companies can offer a demo, use case studies and scenarios to test which system best suits your organisation.

Coupa http://www.coupa.com/

Asset Management

  • Auction Management
  • Budget Management
  • Catalog Management
  • Contract Management
  • Expense Management
  • Inventory Management
  • Invoice Processing
  • PunchOut
  • Purchase Order Management
  • Receiving
  • Requisitions & Approvals
  • Sourcing Management
  • Spend Management
  • Supplier Management

 

2.Bravo http://bravosolution.co.uk/

  • Auction Management
  • Budget Management
  • Catalog Management
  • Contract Management
  • Data Management
  • Invoice Processing
  • PunchOut
  • Purchase Order Management
  • Receiving
  • Requisitions & Approvals
  • Sourcing Management
  • Spend Analysis
  • Spend Management
  • Supplier Management

 

 

  1. Proactis http://www.proactis.com/Home

Auction Management

  • Budget Management
  • Catalog Management
  • Contract Management
  • Invoice Processing
  • PunchOut
  • Purchase Order Management
  • Requisitions & Approvals
  • Sourcing Management
  • Spend Management
  • Supplier Management
  1. Delta E Sourcing https://www.delta-esourcing.com

 

  1. Intend http://www.in-tend.co.uk/

Though this is not the easiest to use, it’s added because it’s popular in Universities

If you already have an E-procurement system but don’t have access to an E Auction Module try:

Market Dojo

  • Auction Management
  • Sourcing Management
  • Supplier Management

The E-procurement systems listed above are just a few on the market and there are many more. Start with a long list of suppliers and whittle them down to the ones that meets your needs. Don’t forget that the procurement system can focus on just sourcing activities or it may be that it has an integrated module for your P2P. The two are separate so check for integration options .