The iProcurement application is a cost-cutting IT tool
The Procurement process is one of the key processes in every company. As a rule, it accounts for the majority of the Organization costs. Therefore, it is very important that the process of purchasing is executed in accordance with its definition, and thus achieves its goal – the acquisition of necessary goods and services at the lowest market price.
Every procurement process consists of several essential steps which are often repeated in the procurement process. iProcurement is an application that allows simplification, acceleration, and unification of the procurement process.
The application supports the business process of procurement and provides company’s employees and suppliers with access to the site and integration into the process of procurement by using Internet technologies such as Web and e-mail.
Advantages for companies using iProcurement application are:
A systematic approach – the process of procurement is systematized and responsibilities are defined in a clear and transparent way.
Increased efficiency – application allows the use of latest information technologies in the process of procurement, thereby increasing the efficiency of the purchasing process.
Increased cost-effectiveness – iProcurement features integrated support for online auction via Internet, which gives a company the tool for procurement of materials and services at the lowest market prices, based on the latest information technologies.
Complete cost control – with comprehensive reporting based on OLAP (Online Analytical Processing) technology, all data in the iProcurement application is available in different file formats, which adds to flexibility and the ease of use. iProcurement stores all data, for all procurement transactions ever made, and this data is always available for reporting purposes.
Data consistency – application allows integration with existing databases of products and suppliers from a certain company (e.g. ERP system), and thus avoids redundant data and their inconsistency.