Onventis Buyer

Onventis Buyer is a spend management solution offered by Onventis GmbH. According to the vendor, it aims to digitally transform procurement and finance processes by automating repetitive tasks. The product is designed to cater to companies of varying sizes, ranging from small and medium-sized enterprises (SMEs) to large corporations. It is used by procurement professionals, finance professionals, supply chain professionals, as well as manufacturing and retail companies.

Key Features

All-in-One Procurement: According to the vendor, Onventis Buyer provides a platform that encompasses Supplier Management, Sourcing, Contract Management, Procure-to-Pay, AP Automation, and Spend Analytics.

Supplier Management: Onventis Buyer offers tools for managing supplier information, tracking performance, and ensuring compliance, as per the vendor's claims.

Sourcing: The vendor states that Onventis Buyer simplifies the sourcing process by providing advanced features such as RFx creation, supplier evaluation, and bid analysis, aimed at optimizing supplier selection and negotiation.

Contract Management: Onventis Buyer's contract management capabilities, including contract creation, approval workflows, and automated contract renewals, are designed to effectively manage contracts throughout their lifecycle, according to the vendor.

Procure-to-Pay: The vendor asserts that Onventis Buyer digitizes and automates the entire procure-to-pay process, covering purchase requisitions, order management, invoice processing, and payment reconciliation.

AP Automation: Onventis Buyer's AP automation features, including invoice capture, validation, and approval workflows, are claimed to streamline accounts payable processes, reducing manual effort and improving accuracy.

Spend Analytics: According to the vendor, Onventis Buyer provides robust spend analytics tools that offer insights into a company's spend patterns, enabling data-driven decision-making and strategic sourcing.

Catalog Management: Onventis Buyer's catalog management capabilities aim to efficiently manage catalogs and product information, ensuring accurate and up-to-date product catalogs for easy procurement, as per the vendor's claims.

Expense Management: The vendor states that Onventis Buyer simplifies expense management processes by digitizing expense reporting, approval workflows, and reimbursement processes, enhancing visibility and control over company expenses.

Supplier Master Data: Onventis Buyer's supplier master data management features aim to centralize and maintain accurate supplier master data, ensuring data integrity and enabling effective supplier relationship management, according to the vendor.