What is the purpose of procurement software

Procurement software is a systematic process for identifying and obtaining goods, services, and works from outside providers. It supports the buying department's bidding process, quotations, ordering, tendering, and contracting. As such it needs to provide essential functionalities such as budgeting, sourcing strategy management, and supplier management. Procurement software can be provided by Software-as-a-Service (SaaS) companies, developed in-house or via a combination of both approaches.

Procuring is complex. For instance, there are hundreds of different parts, all with unique requirements. Add to that the logistics involved in the delivery of goods and services, and you have a daunting process that needs to be streamlined.

An organization with poor procurement to pay management experiences delays in the process of purchasing goods and services. This can arise due to errors on requests for purchase, lack of information on inventory status, or lack of supplier knowledge.

Eliminate any uncertainty, discover all relevant information about your prospective contractors and suppliers, pick the best deals, secure them faster with TYASuite cloud-based Procurement Software.

This procure to pay software for business integrates seamlessly with all your existing systems and processes, enabling you to get on with business while taking care of the real work - procuring your goods and services with ease.