E-Procurement
Get More Out of Your Procurement Through Digitalization
Organizations are widely adopting e-procurement solutions to streamline their strategic and operational procurement processes for greater efficiency. These advantages, and many more, can contribute to more effective procurement management and overall development for your company.
These companies trust Onventis with their buying needs
E-Procurement
E-procurement refers to the digital purchasing of goods and services. The administration of procurement processes takes place over e-procurement systems, which optimize procurement strategies and aid in achieving procurement goals.
E-Procurement
E-procurement refers to the digital purchasing of goods and services. The administration of procurement processes takes place over e-procurement systems, which optimize procurement strategies and aid in achieving procurement goals.
Maximized Efficiency
- Time Efficiency
Automation of tasks leads to faster decision-making, reduced lead times, and quicker delivery. - Cost Savings
Eliminate the need for manual paperwork which reduces costs associated with printing, postage, and document storage. - Reduced Errors
Automated data validation and integration with ERP systems ensures accuracy in orders, invoices, and inventory levels.
Modernized Business
- Sustainability
Minimize the environmental impact associated with traditional procurement to align with sustainability goals and CSR initiatives. - Enhanced Compliance
Enforce purchasing policies, ensure adherence to contract terms, maintain a clear audit trail, and remain compliant. - Improved Supplier Relationships
Transparency allows for better collaboration leading to stronger relationships, timely deliveries, and effective negotiation.
Up-to-Date Information
- Real-time Tracking
Track the status of orders and deliveries in real-time to reduce the need for follow-up and mitigate potential bottlenecks. - Centralized Data
Consolidate data from various sources to enable better data-driven decisions and identify areas for better document exchange and communications. - Scalability and Globalization
Easily scale systems to accommodate increased purchasing needs while maintaining process consistency.
Onventis is an easy to use system even for untrained employees. Over 80% of invoices are immediately well-read and automatically matched.
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Analytics
Spend analysis creates cost transparency, uncovers potential savings, and optimizes cash management in purchasing and finance organizations. The insights gained lead to savings while increasing the efficiency of procurement processes.
Source to Contract
Efficient solutions for supplier selection, RFI/RFQ/RFP, tenders, auctions, and contract management. Achieve lower overall costs, higher operating profits, better contractual terms and conditions, real-time insight into contracts and financial liabilities, and innovation through strategic sourcing.
Supplier Management
Digitalize the entire process of finding, qualifying, classifying, evaluating, and developing suppliers. Benefit in terms of risk mitigation, security of supply, and compliance with regulations, laws, and sustainability goals.
