Procurement automation refers to the use of technology and software to streamline and optimize the various processes involved in procuring goods and services for an organization. This includes everything from identifying the need for a product or service, requesting quotes or proposals, supplier selection, purchase order creation, invoicing, and payment. The goal of procurement automation is to reduce manual and time-consuming tasks, improve efficiency, accuracy, and compliance, and ultimately save time and money for the organization leveraging best in class Robotics (RPA), Artificial Intelligence, and common digital platforms like Spend Management, E-Sourcing, CLM, P2P, and ERP.
Benefits of procurement automation include increased efficiency, reduced errors, cost savings, improved compliance with purchasing policies, and enhanced visibility into spending. It also allows procurement professionals to focus on more strategic tasks, such as supplier relationship management and strategic sourcing, rather than routine administrative work. Ultimately, it can contribute to a more agile and competitive organization.
We have experience with the following Procurement, ERP and Financial software.