With software, you connect the buyers and sellers to a digital purchasing platform. Procurement software ensures that all procurement processes are automated. Automation from order to delivery, with intermediate processes for requesting quotes, placing orders and handling the invoicing. The main advantages: ease for the administration, access to the info everywhere and one interface for the entire management.
Often this online purchasing is done from the cloud. With software from the cloud you have lower costs because you don’t need hardware or maintenance yourself. New additions, integrations and all security are taken care of by default.
There are several types of procurement software. It can be a part of the ERP or financial solution, but also stand alone. Important is that it can integrate with the other solutions.