TradeGecko is one of the leading software in the market today. Simply sign up for Tradogram free trial here. You can use all the features for free for a period of time to see if the software matches your needs. It has functions for managing the inventory, user permissions, approvals, budgeting, and more. Essentially, the system simplifies both the admin and operation sides of procurement.

Tradogram streamlines your purchasing process through a set of rich features for collaboration, reports generation, an overview of purchase activities, etc. This means that new users won’t have to undergo rigorous training to use the system effectively. It also presents its procurement management features through easy-to-use and intuitive tools. The platform is highly flexible as well, having many configurable options that will let admins improve and manage their purchases. It also allows the management to have complete visibility into their spending by providing them with all the necessary information. This will help you in crafting an effective spend control strategy for your business. Tradogram provides companies with a plethora of purchasing-related features. The value of procurement systems in mind, let’s get into analyzing three of the best ones we have today. That’s why it’s no surprise that the estimated market value of procurement software by the end of 2019 will reach $5.33 billion, as shown in the chart below. Visibility into spending, reduction in cost, better productivity, and faster transaction rate, to name a few. Also, there are many benefits to e-procurement processes that outweigh most of the disadvantages that come with using such solutions. While these might be valid concerns, there’s a lot of great software in the market that addresses these issues. There are concerns about security and privacy, as well. They think it’s too complex and that their staff needs a lot of training to use them properly. However, there’s also a lot of purchasing managers who worry about moving to e-procurement or using procurement software. Some of the biggest ones include supplier-related issues, data accuracy concerns, risk mitigation, and more.įor these reasons, procurement management is both important and demanding. There’s also a lot of procurement challenges. Each of them needs rigorous attention, and most of them require paperwork.

From requisition and invoice approval to monitoring and reporting, procurement involves a series of processes.

Procurify app