The primary benefits of e-procurement include improved efficiency and cost savings, increased transparency, and spend visibility while ensuring compliance across the entire source-to-pay process.

E-procurement software covers a wide range of activities from sourcing to invoicing. When it comes to sourcing, it helps search, evaluate, and select suppliers digitally. At the same time, sourcing becomes the e-tendering and auctioning process, which occurs entirely digitally.

When purchase orders, invoices, and GRNs are created and transmitted electronically, they help remove the manual element from the equation along with its inefficiencies and risks. Digital catalogs and inventory help internal users stay on top of their available stock, guiding where to reorder.

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