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The Boon of Procurement Partnerships

By CIOReview | Thursday, August 23, 2018

There are various options in the market when it comes to sourcing and procurement. Quite a few businesses in the market use independent software products to manage the creation of purchase orders, accounts payable functionality, vendor contract management, and procure-to-pay (P2P). Procurement data becomes soiled in different applications on-premises or between cloud and locally hosted applications when organizations utilize the cloud for productivity and business workloads. Collaborating with a sophisticated S&P provider can help combat these challenges.

The procurement provider and the concerned enterprise should have a strong relationship. Partnering with a supplier who is an expert in sourcing and procurement with a ‘built-in-the-cloud’ software platform is quite beneficial to CPOs and CIOs. The advantage of a partner is that it can deliver a platform that identifies the limitations of the user and ensures that the task is completed in a short amount of time.

It is also imperative to find out if the provider’s code is meant for S&P or if it should be a part of a broader ERP toolset. The digital work environment, SMART by GEP, is a sophisticated sourcing and procurement tool, which is easy to use and does not require much training. For S&P systems to grow, they should be able to merge smoothly with any ERP or accounting and finance systems. One such platform is SMART by GEP, which can streamline every employee’s procurement interactions while being cost effective, and saving effort and at the same time, delivering core benefits.

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