eProcurement

Most companies only realize 80 to 90% of the cost savings identified through strategic sourcing. The reasons vary by organization and range from poor compliance to maverick spending to poorly written and executed contracts. In addition, the cost of transactions and monitoring compliance is very high for most companies. The paperwork involved in managing requisitioning, invoicing, purchase orders, receipts and settlement is enormous. Although many companies have automated some portions of the Procure-to-Pay process, very few have successfully automated the entire process.

ProcurementTool automates the entire "Requisition-to-Pay" process or sub- processes. Our modular but integrated solution consists of Requisitioning, Punch out catalogs, PO creation, Invoice to PO matching, and Settlement modules.

In addition, Electool provides full range of services related to catalog creation to maintenance. The ProcurementTool can be integrated with existing ERP systems, legacy systems or eSourcing modules as desired by the client.

Key Features

Requisitioning
Policy and approval management
Content and catalog management
eRFQ
elnvoicing

Key Benefits

Simple to use
Quick to get started
Affordable for small and mid-sized organizations
Improved spend compliance
Automate the requisition-to-invoice cycle

Think big-start smart-scale fast