{"id":37457,"date":"2022-03-15T10:49:40","date_gmt":"2022-03-15T10:49:40","guid":{"rendered":"https:\/\/softco.com\/eprocurement\/"},"modified":"2024-03-06T10:06:24","modified_gmt":"2024-03-06T10:06:24","slug":"eprocurement","status":"publish","type":"page","link":"https:\/\/softco.com\/uk\/solutions\/eprocurement\/","title":{"rendered":"eProcurement"},"content":{"rendered":"\n
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eProcurement<\/h1>\n\n\n\n

Full visibility and control over all spend<\/p>\n\n\n\n

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SoftCo eProcurement<\/strong><\/span> ensures a quick and efficient purchasing process for all operational spend, in full compliance with your organization\u2019s procurement policies. SoftCo eProcurement seamlessly integrates Catalog and Spend Management, Requisition and Approval Workflow, Purchase Order and Contract Management. It simplifies recurring spend and provides performance insights through real-time analytics and dashboards.<\/p>\n\n\n\n

Read<\/summary>

Organizations typically manage three different types of spend \u2013 capital spend, recurring spend and operational spend. SoftCo eProcurement software manages each of these spend categories. Vendor catalogues and shopping lists are maintained, and the powerful vendor punch-out functionality allows the selection of products directly from your vendors\u2019 website and populates directly back into your SoftCo shopping cart. Requisition templates create re-usable shopping lists for continuous use.<\/p>

The pre-approved spend functionality allows seamless drawdown on pre-approved\/capital budgets for projects with agreed preferred vendors. For recurring spend such as subscriptions, leasing, rent and utilities, SoftCo eProcurement provides a contract PO to all vendors referencing the agreed instalment or payment plan as per the agreed contract\/subscription.<\/p><\/details>\n<\/div><\/div>\n\n\n\n

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User Friendly
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Full Control
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70% Less Supplier
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Benefits of SoftCo eProcurement<\/h2>\n\n\n\n
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Intuitive eProcurement Catalogue<\/h4>\n\n\n\n

Transform purchasing via an intuitive catalogue and Supplier punch-out from selected suppliers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Accelerated Requisition Approval Workflow<\/h4>\n\n\n\n

Accelerate the procurement and approval process with automated PO\u2019s and email sign-off, even on-the-go.<\/p>\n\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Seamless Management of Regular Spend<\/h4>\n\n\n\n

Convert requisitions for regular purchases into re-usable shopping lists.<\/p>\n\n\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Complete Visibility and Control<\/h4>\n\n\n\n

Manage SoftCo and ERP generated orders in one place.<\/p>\n\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Simplified Contract Management and Pre-Approved Spend<\/h4>\n\n\n\n

Seamless automation of agreed contracts and pre-approved budgets for spend with preferred suppliers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Powerful Real-time Reporting & AI Analytics<\/h4>\n\n\n\n

Powerful dashboards reduce costs, manage risk and evaluate Supplier performance.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

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\u201cRather than just technically describe an issue, SoftCo knew what functional problems we had, and their business comprehension was impressive. That really made SoftCo stand out.”<\/p>\nCraig Eten, Sunny Delight Beverages Co.<\/cite><\/blockquote>\n\n\n\n

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Transform, accelerate, and control your procurement process with an intuitive purchasing experience, re-usable requisition templates, all with preferred vendors. <\/h4>\n\n\n\n
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eProcurement Catalog & Vendor Punch-Out<\/strong><\/span>SoftCo eProcurement software presents an intuitive catalog experience, complete with pre-loaded items to purchase from preferred vendors. Powerful \u2018punch-out\u2019 functionality within eProcurement catalogs enables seamless selection of products from preferred vendors\u2019 websites that populates directly back into your SoftCo shopping cart for approval.<\/p>

Requisition Templates<\/span><\/strong>SoftCo\u2019s eProcurement software converts your requisitions for regular purchases into re-usable shopping lists, for quick re-ordering when needed. Multi-row requisitions are imported via spreadsheet with a single click.<\/p>

Contract PO\u2019s<\/span><\/strong>SoftCo eProcurement provides a contract PO to all of your vendors, referencing the agreed installment or payment plan as per the agreed contract or subscription.<\/p><\/details>\n<\/div>\n\n\n\n

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Manage a seamless drawdown on pre-approved budgets and the generation of POs for spending with your preferred vendors, without delay.<\/h4>\n\n\n\n
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Pre-Approved Spend<\/span><\/strong>SoftCo Pre-Approved Spend creates a predefined budget that instantly and intuitively sets the boundaries within which that budget can be spent. Spend can be limited by a time period, vendor(s), products, and overall available amount to spend. <\/p>

After setting up these boundaries and gaining approval for Pre-Approved Spend budgets, the system recognizes when a requisition is linked to a Pre-Approved Spend budget, enabling it to bypass the usual approval process. <\/p>

By granting authorized users the ability to access Pre-Approved Spend budgets, it significantly enhances their capacity to promptly address daily operational needs. Additionally, SoftCo Pre-Approved Spend gives budget owners visibility and control to ensure that all expenditures remain within the predetermined limits set by the customer.<\/p><\/details>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

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Boost the efficiency of your order and approval process with the convenience of one-click email approvals accessible from any device and automated PO creation.<\/h4>\n\n\n\n
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Approval Process<\/span><\/strong>Default approval routes are assigned to requisitions based on defined rules and templates. Each approver receives a notification for signoff. SoftCo eProcurement software accelerates your requisition approval process through the availability of one-click email approval, from any device, for all your business users.<\/p>

Automated PO Creation<\/span><\/strong>SoftCo eProcurement software automatically generates purchase orders and routes them to your preferred vendor, once the requisition has been approved. Customized purchase orders are built to reflect your organization\u2019s unique branding.<\/p><\/details>\n<\/div>\n\n\n\n

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Control your SoftCo and ERP generated orders, and confirm receipting seamlessly, all from a single, centralized platform.<\/h4>\n\n\n\n
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Control<\/span><\/strong>SoftCo eProcurement software provides visibility and control over all PO\u2019s within your organization, including orders generated within your ERP system.<\/p>

PO Vendor Notification<\/span><\/strong>Vendors are instantly notified when you submit a purchase order, both through their SoftCo vendor portal and via automatic email.<\/p>

Vendor Order Confirmation<\/span><\/strong>SoftCo eProcurement software provides visibility over the status of your purchase orders allowing your vendors to confirm acceptance of your orders through their SoftCo Vendor portal. Once you have received delivery of orders from your vendor, SoftCo\u2019s eProcurement software confirms delivery by \u2018Goods Receipting\u2019 them directly within the solution.<\/p><\/details>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n

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Gain visibility and insights into your organizational spend to unlock opportunities to reduce costs, manage risk and evaluate vendor performance.<\/h4>\n\n\n\n
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View Spend Categories<\/span><\/strong>SoftCo eProcurement software delivers a range of intuitive real-time analytics and reporting dashboards, presenting key spend metrics including your spend vs budgets, location or vendor.<\/p>

Optimize Spend<\/span><\/strong>Dashboards unlock opportunities to reduce costs, manage risk, evaluate vendor performance, and optimize your buying power. Through evaluating your vendors\u2019 performance, you can consolidate your vendor spend by identifying those with preferential pricing that deliver cost savings and a clear return on investment.<\/p><\/details>\n<\/div>\n\n\n\n

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SoftCo eProcurement ensures a quick and efficient purchasing process for all operational spend, in full compliance…<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":45466,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-37457","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/37457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/comments?post=37457"}],"version-history":[{"count":18,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/37457\/revisions"}],"predecessor-version":[{"id":57582,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/37457\/revisions\/57582"}],"up":[{"embeddable":true,"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/pages\/45466"}],"wp:attachment":[{"href":"https:\/\/softco.com\/uk\/wp-json\/wp\/v2\/media?parent=37457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}