Procurement Management Software
Control spend, reduce risk,
and drive savings across users,
devices, and locations
Turn procurement into an agile, strategic,
and influential business driver with
Corcentric Procurement
Global supply chains are getting more complex, dynamic, and competitive. That means you must become more agile and responsive by digitally transforming your outdated, manually intensive procurement processes. Corcentric’s industry-leading Procurement Software Solution (or Procure-to-Pay/P2P) gives businesses total visibility into all purchasing and simplifies the entire requisition-to-PO-to-payment processing stream. An easy, intuitive purchasing experience encourages user adoption to gain greater control over spend, risk, and compliance, and ultimately capture realized savings.
Disparate Systems
Does your team struggle to control disparate users, systems, and geographies?
Manual Labor
Are inefficiency and error-prone manual processes limiting spend control?
Burning Bridges
Is a lack of proper tools and collaboration damaging supplier relationships?
Catalog Management
Go from catalog to cart more easily,
faster, and with total compliance
Corcentric Catalog Management is an intuitive catalog search experience combined with a familiar online shopping experience. Making it easy for users means keeping purchases on-contract. It’s also simple for suppliers to update and maintain their catalogs in real time, with self-service tools to sync catalogs with contracts.
Requisition Management
Purchasing products and services
has never been easier
Automate the P2P requisitioning process through predefined requisition types and workflows to quickly process purchase requests from business users. Our solution can centralize hundreds of catalogs and millions of items into one single platform with one easy-to-use procurement management software interface.
Purchase Order Automation
Replace errors with efficiencies
Experience an automated requisition-to-PO-to-supplier submission workflow that’s audited, validated, and error free. Automated purchase order creation means never having to guess what format the POs are in or whether they’re accurate. Electronic submission makes the entire purchase order process fast, seamless, and efficient.
Purchasing Contract
Simplify spend management against catalogs with our embedded contract process.
A procure-to-pay solution with embedded contract integration simplifies managing against catalogs, tracking usage, and controlling maverick indirect spend. Improved management of blanket contracts allows procurement users to cover a wide range of products and services identified in a contract. Those with permissions can ignore approval workflows for requisitions and POs, and skip the traditional three-way match associated with typical purchases.
Receipt + Dispute Management
Enhance PO matching with authorized users for better flow, reduced costs, and fewer disputes
Ensure purchasing and spend compliance with different types of receiving available for any business situation (over receiving, quantity, partial, percentage receiving, etc.). Set up manual or automated receiving as multi-step receiving, manage goods returns, rate suppliers on receiving, and manage disputes on suppliers, receiving, or invoices — all quickly and simply in our P2P software solution.
Procurement FAQs
Procurement software is a software-as-a-solution SaaS platform that enables an organization to automate its entire purchasing processes, from catalog management to requisitions, purchase orders (PO), invoicing, payments and more. Also called procure-to-pay (P2P) solutions, these tools replace many, if not most, manual processes with workflow automation. This eliminates many manual errors, streamlines the purchasing function, helps to control spend and increase savings, and mitigates the chance of maverick (off-contract) spend.
There is no single universal model of what constitutes procure-to-pay, but a good working model of the purchasing “lifecycle” starts with catalog management before moving on to purchase requests, contracts, request-for-quotes (RFQ), purchase orders (PO), receipt, e-invoicing, accounts payable (AP) and payments.
A digital automated requisition-to-PO-to-supplier workflow provides an audited and validated process that eliminates any errors caused by manual inputs. With automated PO creation, you always know what format the POs are in, that they’re completed correctly, and exactly where they are in the approval process in real-time.
By embedding the contract creation process directly integrated as part of the procure-to-pay continuum, you greatly simplify the managing of purchases against approved catalogs, pricing, volume, delivery terms, and other contract details. That enables you to better track spend against budgets as well as control maverick (off-contract) spend. What’s more, with certain contract types, you can configure permissions that allow users to ignore approval workflows for requisitions and POs; for instance, if you have repeat or recurring orders on a regular basis.
While most procurement teams have some sort of formalized supplier management structure in place, P2P technology can also play a critical role by simplifying how suppliers can upload and manage catalogs, submit RFQ bids, update certifications and – very important to them – streamline the PO/Invoicing/Payments process. Anything that makes it easier for suppliers to sell to your organization is considered good supplier relationship management.
Automating with e-invoicing significantly reduces operational costs and increases efficiency while making the entire invoicing process faster, more accurate, and fully compliant. Eliminating manual errors also gives you vastly increased invoicing capability and flexibility by simplifying invoice matching and the identification of matching mode details — how the supplier invoice has been matched and how the invoice has been created. In essence, automation takes any guesswork and delays out of the cycle so the whole process is accelerated, freeing people up to add strategic value or focus on resolving exceptions.
Trusted by customers worldwide
to better manage spend
Ready to procure cost savings, spend control (and C-suite influence)?
Learn how we can help you build the perfect business case
to get stakeholder buy-in for procurement transformation.