Name: Hivebuy
Author: Hivebuy

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Hivebuy is a procurement software solution designed to simplify and streamline the indirect procurement process for mid-market companies. It offers a comprehensive platform for managing procurement across various categories such as services, software, and hardware. Targeted at mid-market companies, Hivebuy caters to finance, procurement, operations, IT professionals, and the healthcare industry, providing them with a robust tool to optimize their procurement workflows.

## Key Features

**Automated workflow management**: Hivebuy provides automated workflow management capabilities to enhance the efficiency of ordering processes. Users can define approval rules based on budgets, categories, suppliers, and purchase amounts. The platform allows for seamless tracking and management of conversations, ensuring transparency and accountability. Users receive timely notifications for approvals, order status updates, and other important workflow events. Hivebuy also integrates with popular communication tools like Slack, facilitating smooth coordination and communication.

**Company-wide integrated B2B catalogues**: Hivebuy offers a centralized platform with integrated B2B catalogues, simplifying the procurement process. Users can access a wide range of products and services in one place and create customized stores tailored to their needs. The platform supports seamless integrations with leading B2B eCommerce platforms such as Amazon Business, Mercateo Unite, Conrad, Cyberport, and more. Through these integrations, users can automate orders, streamlining the procurement process and eliminating the need for multiple accounts.

**Transparent invoice management**: Hivebuy ensures transparent invoice management, enabling users to process invoices and receipts efficiently and digitally. The platform supports multi-level purchase order and invoice approval workflows, ensuring accuracy and effectiveness. Users can easily track and manage invoices, reducing manual effort and minimizing the risk of duplicate payments. Hivebuy seamlessly integrates with accounting systems like DATEV, facilitating streamlined invoice export and enhancing financial processes.

**Contract and supplier management**: Hivebuy provides robust contract and supplier management functionalities. Users can upload contracts at any stage of the procurement process and leverage Hivebuy's contract management features to effectively track and manage them. The platform offers reminders for contract deadlines, ensuring timely actions and preventing contract lapses. Users can efficiently manage the entire vendor lifecycle, from onboarding to offboarding. Hivebuy also enables users to effectively manage subscriptions, track recurring contracts, and optimize costs.

**Effective cost management**: Hivebuy offers advanced analytics and reporting features to empower users in identifying cost drivers, trends, and potential areas of overspending. Users can gain valuable insights into key cost drivers and make data-driven decisions to optimize spending. The platform provides benchmarking capabilities, enabling users to compare their spending with industry peers and identify potential savings opportunities. Hivebuy also supports seamless data export into relevant accounting systems, streamlining financial processes and reporting.

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ProcurementExpress.com

Periscope Source (formerly BidSync) is a suite of e-procurement software now owned and supported by Periscope Holdings in Austin, Texas since the December 2014 acquisition.

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Hivebuy

Procurement software automates the process of purchasing materials and replenishing inventory. Central to it is electronic purchase ordering and approvals, as well as invoicing and bill payment. The software includes vendor management for competitive pricing and service and vendor follow-ups. Procurement is an essential component of supply chain management and may be available via supply chain management suites.

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TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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Hivebuy

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What is Hivebuy?