E-PROCUREMENT SOLUTIONS

Powerful yet flexible and easy to use Procure to Pay (P2P) software

STREAMLINE & AUTOMATE PROCUREMENT

Reduce costs, manage risks and improve visibility and controls

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Procure to Pay (P2P)

Procurement can be a competitive advantage

With CormSquare e-Procurement suite, procurement is brought under management with right controls. As you adopt e-Procurement, you transform your procurement organization to be agile, compliant, and are focused on right processes to reduce costs while managing risks.

  • Reduce costs
  • Manage risk while ensuring compliance
  • Improve visibility, control, and management of spend
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Extract definite value from e-Procurement

A technology solution with measurable results

Adoption

User Experience

Success of your e-Procurement software depends on supplier and employee adoption. This is where CormSquare e-Procurement can deliver differentiated value. CormSquare makes it dead simple.
Schedule a free experience demo to see it for yourself

Collaboration

Multi-Enterprise Architecture

Unique and extended Multi-Enterprise architecture enables higher collaboration between suppliers, procurement team and end users. Real-time status visibility, effective data capture and presentation to all stakeholders drive superior collaboration efficiencies.

Savings

Decision Support System

What kind of processes and controls are in place to drive savings? CormSquare e-Procurement enables better decisions on supplier selection, final purchase price, spend rationalization, and process compliance through analytics.

Open Platform

ERP Integration

CormSquare e-Procurement may be integrated with ERP, CRM, Accounts Payable, Contract Management and other enterprise applications. Your entire organization, including extended supplier networks, may have access to the same information, streamlining operations across affected functions

Most Comprehensive Features

Irrespective of what your organizational goals may be, we help realize maximum value.

RFQs

Requisition Management

Requisition management, as part of CormSquare e-Procurement suite, helps in establishing a fully streamlined and controlled requisition and e-Quotation capture process, thereby minimizing maverick spends.

  • Receive, approve and verify electronic quotations. Suppliers submit quotes through a vendor portal.
  • Automatic comparison of quotations
  • Route quotations to a flexible workflow automation integrated to decision support system
  • Set up savings methods and create a savings approval workflow.

CormSquare e-Procurement suite provides a rich set of single click features for fast and fully automated procurement process with decision support system that enables selection of right suppliers, right prices and with right terms.

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Negotiate

Auto-Negotiation and eAuctions

CormSquare e-Procurement provides comprehensive electronic negotiation tools covering eAuctions for your direct purchases/large service contracts and Auto-Negotiation module for indirect purchases.

  • Powerful yet flexible Forward and Reverse Auction modules allow a full suite of auctions.
  • Simple, smart and effective Auto-negotiation module that helps with low and mid-range purchase volumes.
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Catalogs

Digital Catalogs

CormSquare e-Procurement provides a full lifecycle catalog management with the ability to define detailed technical specifications for products or services. These can later be used to create requisitions, compare quotations or for accepting material at the gate.

  • Buyer's Standard catalog Master that can accommodate single line product catalog to more comprehensive ones with detailed specifications.
  • Supplier catalog can be published to buyer product master using CormSquare standard catalog or punch-out XML, cXML or OCI compliant catalog.
  • Punchout catalog : During requisition process, buyers may be navigated to the supplier's punchout catalog, where catalogs may be added to a shopping cart for further RFQ processing within the buyer portal.
    Suppliers may publish buyer specific punchout catalogs with buyer specific prices/terms.
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Vendor Portals

Supplier Information Management

CormSquare e-Procurement suite offers self-service vendor portal that is designed with the vendor user experience in mind. This ensures accuracy and efficiency in vendor onboarding, data capture, and sustenance. System also claims a very high adoption level due to its simple user-centric design.

  • Faster Supplier On-boarding
  • Accurate and easy maintenance of supplier data
  • Customize and configure supplier audit requirements
  • Flexible workflow integration for approvals
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