Procurement Software: 6 Solutions to Digitalize Your Procurement Process

Simplifying procurement management, improving the quality of supply chain processes, and facilitating tender management are just a few of the many advantages of procurement software. But which software is the right choice to meet your business challenges? In this article, we’ll provide our selection of 6 procurement software options to help you digitalize your procurement process.

• Ivalua: Software for Accelerated Digitalization
• Synertrade: E-Procurement Solution to Manage All Expenses
• SAP Ariba: Software for Large and Medium Enterprises
• Proactis: Spend Management Solution
• Jaggaer: Software for Simplified Purchasing
• Oracle: User-Centric Software

1. Ivalua: Procurement Software for Accelerated Digitalization

Managing all expenses and suppliers from a single platform is what Ivalua procurement software offers. The core belief? Procurement management is a decisive factor in an organization’s digital transformation. The mission? To support efficient and accelerated procurement digitalization. And recognition? Absolutely! Ivalua has been recognized by Gartner and Forrester. In 2020, Ivalua was named a leader in Gartner’s Magic Quadrant for Procure-to-Pay (P2P) suites and Forrester’s Wave report for Supplier Risk and Performance Management platforms. But what are its key features?

Key Features of Ivalua

As a leader in the E-Procurement market, Ivalua stands out for its ability to help companies:

• Digitalize all procurement processes: Source-to-Pay (S2P), Strategic Sourcing, Procure-to-Pay (P2P), Direct Spend Management.
• Optimize procurement digitalization: rapid deployment, native integration, process automation, cloud flexibility, enhanced security.
• Manage all expenses.
• Improve procurement management with data: centralized, high-quality data, simplified data analysis (reports and dashboards).

Interested? Find out how to accelerate the adoption of Ivalua procurement software with Lemon Learning!

2. Synertrade: E-Procurement Solution to Manage All Expenses

Synertrade is an e-procurement solution that covers the entire expense chain. To support companies in their procurement digital transformation, the software focuses on two key areas: accelerating procurement processes and simplifying operations. In terms of accolades, Synertrade was named a leader in six procurement categories in the 2021 IDC MarketScape Vendor Assessment report (Procure-to-Pay, Supplier Relationship Management, Procurement, Sourcing, Spend Analysis, Contract Life-Cycle Management). So, what are Synertrade’s features?

Key Features of Synertrade

With its range of solutions and features, Synertrade’s e-procurement software enables companies to:

• Digitalize the entire expense chain with the three solutions of Synertrade Accelerate Suite in SaaS mode.
• Optimize e-sourcing with the Source-to-Contract (S2C) solution: supplier identification and selection, tender management, contract management.
• Simplify procurement processes with the Procure-to-Pay (P2P) solution: task automation, catalog management, purchase requests, expense control, invoice management, etc.
• Improve supplier relationships with the Supplier Relationship Management (SRM) solution: supplier integration, visibility of supplier data, updating supplier information, risk management, communication with suppliers.
• Benefit from technological advancements: Cloud, Big Data, Mobility, and Social Networks.

Interested? Request a demo now!

3. SAP Ariba: Procurement Software Focused on Collaboration

Designed for medium and large enterprises, SAP Ariba procurement software emphasizes collaboration. It offers numerous solutions to manage the entire procurement process, including supplier management, strategic sourcing, supply chain, procurement, and financial management of the supply chain. So, what does SAP Ariba actually offer?

Key Features of SAP Ariba

With its suite of solutions, SAP Ariba procurement software allows companies to:

• Improve the sourcing process: spend analysis, risk management, contract management.
• Optimize procurement: cost and risk management, compliance, supplier collaboration.
• Turn the supply chain into a strategic asset: automating invoicing processes, improving payment visibility, managing supply chain costs and risks.

Interested? Discover how to accelerate the adoption of SAP Ariba with Lemon Learning!

4. Proactis: the Spend Management solution

Benefit from a complete, modular Source-to-Pay solution for digitizing purchasing and finance processes
Use an internal marketplace that can be integrated with e-procurement to access internal and external content validated by Purchasing

• Ensure purchasing compliance and limit supplier risk.
• Digitize all exchanges between customers and suppliers via a single platform.
• Control 100% of expenditure thanks to a comprehensive offer and customized support.

Interested in this Purchasing software? Request a Proactis demo!

5. Jaggaer: Procurement Software for Simplified Purchasing

Simplifying procurement is the mission of Jaggaer’s e-procurement solution. With its modular approach, the solution supports the full Source-to-Pay procurement process. In terms of recognition, Jaggaer was named “Customers’ Choice” for Procure-to-Pay suites in Gartner’s 2021 Voice of the Customer report.

Key Features of Jaggaer

With JAGGAER ONE, Jaggaer allows companies to:

• Simplify expense management: easy integration (SaaS, IaaS), streamlined procurement process.
• Improve supplier management (relationship and collaboration).
• Optimize expense control (spend analysis, category management, expense compliance).
• Manage invoicing and increase contract compliance.

Interested? Discover how to accelerate the adoption of Jaggaer with Lemon Learning!

6. Oracle Procurement: User-Centric Procurement Software

Oracle’s procurement software promises modernity. Like its other solutions, Oracle Fusion Cloud Procurement places a strong emphasis on user experience and innovation. But what are its main features?

Key Features of Oracle Fusion Cloud

With its comprehensive features, Oracle Fusion Cloud Procurement allows companies to:

• Simplify and streamline procurement (user experience, expense compliance, automation).
• Manage suppliers while anticipating changes (data, collaboration).
• Optimize procurement management (streamlining, collaboration, tracking).
• Simplify contract management (creation, risk, visibility).

Interested? Find out how to accelerate the adoption of Oracle with Lemon Learning!

Ivalua, Synertrade, SAP Ariba, Jaggaer, Oracle Fusion Cloud Procurement, and Proactis – there is no shortage of procurement software options on the market! But to successfully support your procurement digitalization, it’s crucial to choose the tool that best meets your procurement and business needs. The next step? Ensuring optimal usage of your chosen procurement software for better procurement performance!