Acquirell is a SaaS procurement technology suite solution tailored to SMBs. Acquirell enables businesses to save the time of their procurement teams by eliminating manual workflow and automating the procurement process. The E-Sourcing module of Acquirell enables the companies to attain more savings on purchased volume by conducting various forms of sourcing events.

Acquirell helps to eliminate the following issues that SMBs face in their day-to-day operations:

*Making errors while managing the procurement processes manually with such tools as Word, Excel, Email, paper sheets, etc.

*Inability to process purchasing requests from various departments and employees due to growing purchasing volume.

*Waste of time that stems from the manual execution of all procurement and sourcing activities.

*Miscommunication issues both internally, within a company, and externally with the suppliers caused by inconvenient utilization of multiple communication channels.

Acquirell includes the key following modules:

REQUISITIONING - Collect and process purchase requests across all departments and employees. Employees may simply submit their request at the touch of a button. Design approval routes of any complexity to review the requests.

PO PROCESSING - Create POs and send them to suppliers in a single system.

CONTRACT LIFECYCLE MANAGEMENT - minimize errors and reduce time spent by automating all stages of working with contracts: from initiating to archiving. Ensure compliance.

E-SOURCING - purchase the key strategic items at the best possible prices through running various forms of sourcing events: from RFQs sent to all suppliers to Auctions.

SUPPLIER RELATIONSHIP MANAGEMENT - record all interactions with suppliers and develop SRM strategy in one system. Accredit suppliers and create a preferred supplier list.

SPEND ANALYTICS - monitor the purchasing expenditures and analyze key procurement metrics through built-in reports and data visualization charts.