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What Is E-procurement & Procurement Software Features?

The process for purchasing products and services for your business through online portals/platforms is called e-procurement. It has such features which can enhance control over your internal procurement processes.<br>

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What Is E-procurement & Procurement Software Features?

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  1. HTTPS://WWW.ELITEMINDZ.CO WHAT IS E-PROCUREMENT?

  2. INTRODUCTION The process for purchasing products and services for your business through online portals/platforms is called e- procurement. It is entirely a business-to- business arrangement. P R E S E N T A T I O N B Y E L I T E M I N D Z

  3. PROCUREMENT SOFTWARE FEATURES P R E S E N T A T I O N B Y E L I T E M I N D Z

  4. SUPPLIER MANAGEMENT Your e-procurement system should have supplier onboarding functionality to ensure that purchasing occurs only with approved suppliers—Drive-spend under management by purchasing from contracted suppliers that offer the best value. P R E S E N T A T I O N B Y E L I T E M I N D Z

  5. SEAMLESS INTEGRATIONS Your e-procurement software of choice should offer integrations with financial systems, ensuring accuracy and process efficiency. Choose e-procurement software that complements and extends cloud or on- premise ERP or accounting solutions for end- to-end procure-to-pay efficiency. P R E S E N T A T I O N B Y E L I T E M I N D Z

  6. RISK MANAGEMENT Effective e-procurement software improves audibility. Be sure to source a solution that offers audit trails that detail transactional and user activity, with the date and time stamps. This transparency accountability – a powerful driver of changes in spending behaviour. promotes P R E S E N T A T I O N B Y E L I T E M I N D Z

  7. APPROVAL WORKFLOWS Configuring workflows shouldn’t require any additional time or money. Workflows should be automated, with multi-level escalation and no manual intervention from the end- user. Your procurement workflows must supply approvers with alerts and email notifications to prompt action and flag potential risks. P R E S E N T A T I O N B Y E L I T E M I N D Z

  8. POLICY COMPLIANCE Protect working capital by configuring your spending policies in your e-procurement platform. Your solution should actively manage policy compliance employee spending behaviour, enhance audibility, and provide the internal controls you need to maintain profitability. to guide P R E S E N T A T I O N B Y E L I T E M I N D Z

  9. HTTPS://WWW.ELITEMINDZ.CO CONTACT US SCHEDULE A FREE E-PROCUREMENT DEMO MAIL: INFO@ELITEMINDZ.CO PH.NO: +91-7428192014

  10. HTTPS://WWW.ELITEMINDZ.CO THANK YOU! PRESENTATION BY ELITE MINDZ

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