ProcurementFlow offers a comprehensive cloud-based procurement software solution designed to fully digitize and streamline the entire source-to-pay workflow.
ProcurementFlow allows companies to funnel all purchase requests into one system, regardless of how they are submitted. Workflows can be customized to a company’s exact needs. Requests can be flexibly split into RFIs, RFPs, POs and processed separately or bundled together to get volume discounts. Multiple requests can also be consolidated into single RFIs, RFPs, POs to reduce the number of purchase orders.
The software makes it easy to balance workloads by assigning tasks to team members based on their workload and experience. Built-in eSourcing capabilities help accelerate the sourcing process by enabling RFIs/RFPs to be swiftly sent to suppliers, cutting time-to-market by 50%.
ProcurementFlow facilitates supplier collaboration and supplier-led innovation by creating channels where suppliers can directly communicate with internal teams, while keeping procurement in the loop.
Once a PO is released, statuses can be tracked in real-time and requesters automatically notified of any changes, eliminating the need for procurement staff to manually provide updates.
The Kanban board gives full visibility into the procurement workflow and makes it easy to filter by project, product or supplier. All supplier data, contracts, conditions, and quality incidents are centralized for easy supplier management and communication.
Requisitions can also be approved directly via smartphone. ProcurementFlow aims to reduce manual tasks through extensive automation of workflows, notifications, status tracking and more.
Webinfluence Group invested in the company.