In this day and age, businesses can make the best use of technology to help them make a difference in terms of the acquisition of supplies. In this case, procurement software does just that. Procurement software helps automate the purchasing process and manages all activities related to an organisation’s expenditure. It makes complex processes easier, faster and more efficient, thereby, enabling the supply chain and procurement industry to deliver on business expectations.
Choosing the best and affordable procurement, however, could be like looking for a needle in a haystack as there are plenty to choose from. What’s important is that you should make sure the procurement software of your choice includes all these features: easy-to-use interface, seamless integration, fast and flexible deployment, easy reporting and permissions, approval workflows, good budgeting, effective communication as well as customer service.
See also: COVID-19: Digitations in Supply Chain & What To Adapt
Still don’t know where to start? Here is a list of the best and most affordable procurement in 2020.
Procurify is a go-to spend management and purchasing solution for midsize companies. It has comprehensive workflows and a user-friendly interface. The company has a program to help businesses that meets the ‘Essential Service Business’ definition according to the British Columbia’s provincial government COVID-19 list.
Procurement Express offers a free version but does not offer a free trial. There are more than 350 reviews on Capterra, citing that the product is simple, fully-featured, and the highest-rated purchasing software. To help businesses fight the COVID-19 crisis, Procurement Express offers completely free service until November 2020.
Quartzy is the best for small-to-medium business. This vendor provides free trial and training via webinars, live online, and documentation. Quartzy focuses on lab management tools to help biotech, pharma and academic lab companies. Quartzy is a reliable and easy-to-use platform. They also have helped thousands of labs better manage their ordering workflows and consolidate their purchasing efforts into one place.
Deltek Costpoint is best for project-based businesses. It offers government contractors unparalleled project management, accounting, labour, reporting and compliance features. Deltek has also been featured in Top 20 MRP Software 2020. Deltek, however, does not offer a free trial and to know the detailed pricing, you can contact its customer service.
Market Dojo is an on-demand and cloud eSourcing software that is easy-to-use, helping procurement specialists save time and money. It is suitable for small-to-mid-sized businesses or MNCs that are looking for an efficient cost-saving tool. Market Dojo offers a free trial while the starting price for this software is $775.00/month/user.
Read also: Business Tips for Savvy Supply Chain