Procurement Software

MAY 16, 2023

Above $1 billion businesses are typically a target of established, enterprise source-to-pay and source-to-contract suites. The software automates workflows and approvals, manages supplier catalogues, and provides real-time analytics for better decision-making. CEO Frank Schmidt was a guest on the podcast in April 2022.

Procurement 96

Procurement Purchase orders Real-time Visibility Purchasing 96

Procurement Software

JUNE 20, 2023

The contract management software market is hot right now. Organisations seem to have finally realised that they’ve suffered from having a “desk drawer” approach to contracts. Being able to manage your contracts in one place, author them, approve them and sign them is a massive productivity boost.

Contract management 52

Contract management Contract e2e Management 52

The Procuretech Podcast

JULY 12, 2022

This week we're looking at something we rarely talk about on the podcast - the public sector. Elcom also does work across the UK in the health and education space, where the software covers sourcing, contract management, P2P, inventory, point of care, analytics, and more, along with supplier services such as bid management.

Sourcing 52

Sourcing Contract management Data Inventory 52

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. Supplier ESG analytics. It’s shockingly few.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

Procurement Software

MARCH 11, 2022

And yet, especially in many manufacturing industries, goods and services purchased from external suppliers can account for 60% of a company’s revenue. The best starting point for putting together a simple spend analysis is usually a mixture between: POs issued to external suppliers. Supplier ESG analytics. It’s shockingly few.

supply chain software solutions 52

supply chain software solutions Real-time Visibility Data Category management 52

The Procuretech Podcast

NOVEMBER 23, 2021

He gives an example of supplier onboarding and management where a customer was manually typing in and uploading documents into an ERP system, and managing the records through an Excel spreadsheet which was manually updated. Their cost is in the low 6-figure ($) typically versus price tags of over $1 million for enterprise level S2P suites.

Vendor relationships 40

Vendor relationships Sourcing Management Vendor management 40

Procurement Software

AUGUST 8, 2023

It’s not as simple as changing your mobile phone supplier. Over time, they may compete with new alt-suites like Raindrop who are growing rapidly on the back of fast implementation, better UI/UX and a price tag that’s a fraction of the legacy players. And listen to our weekly podcast to stay up-to-speed on all things procuretech.

supply chain software solutions 52

supply chain software solutions Agile and Lean Supply Chain supply chain budgeting Procurement team 52