Best Procurement Solutions

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What are Procurement Software?

Procurement Software refers to applications that run the purchasing (procurement) process at a business or organization. It is also known as supplier and contract management software. Procurement Software is often associated with Enterprise Resource Planning (ERP) when following operations and/or finance mandates, to monitor and manage an ongoing supply chain of goods and services.

Procurement Software should efficiently deliver integrated budgeting, procurement, and planning with agile tools, ultimately achieving cost savings throughout the enterprise. PeerSpot tech leaders are tasked with deciding upon Procurement Software by evaluating current processes and identifying areas for improvement. IT professionals focus on software that provides reliable information, delivered with easy functionality and accessibility.

PeerSpot key opinion leaders look for flexibility, metrics tracking, transparency and vendor communications. Actionable data and systems should allow multiple points of access and integration. Other essential requirements in choosing Procurement Software include assessing cost versus value, user adoption level, ROI and an automated intelligence alert option.

Preferred Procurement Software tools are generally easy to integrate with other corporate systems, such as finance and general ledger. Procurement processes are often included in other corporate workflows and rules-based business processes. As a result, Procurement Software should have workflow integration capabilities, such as open APIs or business process language tools. They should align well with identity and access management solutions as well. After all, procurement is an area of corporate activity that is rife with potential for costly errors or even fraud if it is not subject to strict controls. Procurement Software lends itself to off-site decision-making and is often accessible on a cloud platform, through mobile apps, and on premises. IT DevOps are responsible for interactions and should monitor security and compliance to protect the enterprise.

Buyer's Guide
Oracle E-Business Suite iProcurement vs. SAP Ariba Procurement
March 2024
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Procurement Software solutions market share

As of March 2024, in the Procurement Software category, the market share of SAP Ariba Procurement is 26.1% and it decreased by 12.4% compared to the previous year. The market share of Oracle Procurement Cloud is 17.9% and it decreased by 6.2% compared to the previous year. The market share of Oracle E-Business Suite iProcurement is 10.4% and it decreased by 16.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.
March 2024
Procurement Software

Top Procurement Software products

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#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.
7.2
Rating
8
Reviews
363
Words/ Review
3,405
Total Views
2,290
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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
1,658
Total Views
1,374
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Buyer's Guide
Oracle E-Business Suite iProcurement vs. SAP Ariba Procurement
March 2024
Free Report: Oracle E-Business Suite iProcurement vs. SAP Ariba Procurement
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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
1,141
Total Views
964
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GEP SMART
GEP SMART is an AI-powered, cloud-native
13
Reviews
2,240
Total Views
541
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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).
1,038
Total Views
937
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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.
644
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459
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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.
305
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260
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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.
244
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258
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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.
225
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194
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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.
205
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174
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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.
200
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150
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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.
191
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143
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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.
183
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139
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Tradeshift
235
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84
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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.
140
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107
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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.
124
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92
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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.
166
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78
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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.
93
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63
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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.
71
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64
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ePlus Procure+
Web-based, indirect supply chain solution; automates internal workflow processes, manages life cycles.
81
Total Views
57
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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.
80
Total Views
57
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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.
75
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60
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Capgemini IBX
71
Total Views
55
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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
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36
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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.
50
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35
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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?
53
Total Views
21
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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.
88
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28
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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.
53
Total Views
16
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KiSSFLOW Procurement Cloud
Take control of your procure-to-pay process with our simple and customizable procurement platform.
44
Total Views
20
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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.
33
Total Views
22
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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.
34
Total Views
16
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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.
29
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16
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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.
34
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5
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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.
27
Total Views
8
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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.
32
Total Views
6
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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.
18
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11
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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.
25
Total Views
5
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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.
19
Total Views
9
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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.
21
Total Views
5
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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.
15
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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.
15
Total Views
7
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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.
15
Total Views
6
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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.
14
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.
3
Total Views
1
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Related categories

Contract Management Software
Accounts Payable 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. 768,246 professionals have gotten help from our community of experts.
Nov 5, 2023
Why is Procurement Software important for companies?
Aug 7, 2021
What is Agile procurement and how to achieve it?
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