ProcureHere

ProcureHere is a cloud-based e-procurement platform that aims to streamline and optimize various procurement processes. According to the vendor, it caters to small, medium, and large enterprises across a wide range of industries. Procurement professionals, supply chain managers, finance managers, operations managers, and manufacturing companies are among the target users of this comprehensive solution.

Key Features

Sourcing: According to the vendor, businesses can uncover new sourcing opportunities and consolidate spend through strategic sourcing management. The platform supports various types of auctions, including English, Dutch, and Sealed Bid, which the vendor claims can help minimize non-compliant contract spend and achieve cost savings.

Procure to Pay: The vendor states that this platform digitizes and streamlines the requisitioning, purchasing, receiving, and payment processes on a single platform. With guided buying templates and visible audit trails, businesses are said to have the opportunity to maximize savings through negotiations and drive prices to the bottom line.

Supplier Management: The vendor claims that this platform offers a comprehensive and streamlined solution for managing suppliers across the entire supply chain process. It provides a single repository to monitor and analyze supplier risk, while also offering an easy onboarding process for suppliers to go digital.

Contract Management: According to the vendor, this platform streamlines and automates contract processes, eliminating inefficiency and disconnection. It offers features such as authoring, reviewing, and approving contracts with controlled processes and automated tracking. The platform also provides a contract repository for a complete overview of all contracts within the organization.

Spend Analytics: The vendor claims that this platform collects and cleanses historical data to provide real-time spend data for planning and compliance initiatives. It allows businesses to visualize data for tracking spend, taking advantage of opportunities, and reducing risk. Real-time price comparison is also available to benchmark against suppliers and obtain the best competitive price.

Dutch Auction: According to the vendor, this platform offers a system of bidding that allows buyers to bid on items as the price drops. This provides opportunities for buyers to potentially gain greater profits, although there is also the risk of losing out altogether.

Digital Onboarding for Suppliers: The vendor states that suppliers can easily register and go digital on the platform, expanding their business opportunities by accessing both enterprise and SME buyers.

Streamlined RFx: According to the vendor, this platform allows businesses to easily reference suppliers and track records of previous events. It offers the ability to request additional information and attach documents as part of a tender. The platform also allows for requesting additional documents and accreditations for risk management.

Auction: The vendor claims that this platform enables businesses to conduct auctions to drive competitive bidding. It provides real-time visibility of bids and progress, enhancing negotiation and cost savings opportunities.

Purchase Requests: According to the vendor, this platform streamlines purchase requests and approvals, tracks and manages purchase orders, and improves visibility and control over the procurement process.