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Software for optimal Procurement
In many organisations, procurement remains a challenge. Processes are fragmented and unclear. This leads to higher costs and unnecessary risks, such as incorrect orders or unclear obligations. ISPnext's Procurement software gives you complete control over your procurement: from requisition to payment, all in one streamlined process. Smart technology, including AI, supports where needed. The result? More overview, less risk and direct control over your spending.
The benefits of Procurement software
Reduced risks through clear authorisations
Determine exactly who is allowed to take which steps in the procurement process. This prevents errors and makes your organisation more resistant to fraud and unauthorised expenditures.
Always purchase at the best terms
With clear contract agreements and a smart working method, you always buy under the most favorable conditions. This is how you get the most out of your supplier relationships and improve returns.
Real-time visibility into commitments and budgets
With up-to-date data, you can see at a glance how you're doing. So you make faster, more informed decisions and keep a grip on budgets and obligations.
Procurement in 5 steps
With Procurement, you digitise the entire procurement process: from request to order and receipt. You prevent unauthorised spend, increase compliance and work cost-efficiently from one central platform.
1. Centralise all procurement data
2. Streamline the procurement process
3. Work with procurement software and P2P software
4. Analyze and optimize
5. Secure compliance
1. Centralise all procurement data
One platform for all your orders, suppliers and contracts.
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Collect purchase requests via fixed catalogs, web shops or free forms.
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Structure data by supplier, product category or cost center.
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Avoid data fragmentation with one digital source of truth.
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Optimize cost management with real-time visibility into commitments and budgets.
2. Streamline the procurement process
From application to approval and payment.
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Automate approvals with simple or advanced workflows.
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Split requests among multiple budget holders thanks to line-level authority.
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Manage procuration limits to ensure compliance and budget control.
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Speed up approval processes with digital notifications and approval pathways.
3. Work with procurement software and P2P software
Integrate seamlessly with your ERP system.
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Automatically generate purchase orders (PDF) and send by email to suppliers.
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Automatically record obligations at general ledger level and financial dimensions.
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Process partial deliveries or cancellations directly within the system.
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Easily interface with your ERP or financial software for end-to-end visibility.
4. Analyze and optimize
Identify bottlenecks and improve on an ongoing basis.
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Gather feedback from internal stakeholders for continuous improvement.
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Analyse lead times, deviations and approval rates in reports.
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Adjust workflows, procuration schedules or vendor choices based on data.
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Automate repetitive tasks and improve operational efficiency.
5. Secure compliance
Comply with laws and regulations with built-in controls.
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Ensure compliance through budget limits, procuration routes and approval rules.
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Link contract terms to orders for better audittrail.
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Automatically record all steps for compliance reporting.
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Minimise risk with transparent control over spend and obligations.
Download the whitepaper "Procurement in 5 steps" for practical insights and optimisations.
Gain more control by optimising your procurement process
With our Procurement software, you always order under contractual terms and avoid unauthorised commitments. Integrated catalogs and linked web shops make the ordering process simple and efficient. By automating workflows for approval and payment, you save time and minimise errors.
Who is Procurement suitable for?
Whether you work in industry, healthcare, logistics or business services, Procurement from ISPnext is designed for organisations that want to get a handle on their procurement process and spend.
This solution is ideal for:
CPO
The CPO strategically drives value, risk management and procurement transparency, which fits perfectly with powerful procurement software.
Procurement Manager
The Procurement Manager optimises the procurement process daily and looks for tools that provide grip, efficiency and compliance.
Finance Manager
The Finance Manager focuses on cost optimisation in procurement and benefits from insight and control through smart procurement solutions.
Who works with our procurement software?
More than 450 organizations rely on ISPnext. From retail and logistics to food and business services, our customers choose efficiency, transparency and maximum control over their procurement process.
"We finally have a digital archive; everything is now easy to find in one overview."
René van Amelsfoort, Project Manager IT | Jaarbeurs Utrecht
Why choose Procurement from ISPnext?
Less maverick spend
Grip on the procurement process
Savings on non-product related spend
Understanding of commitments and budgets
Procurement in 5 steps
Do you want more control over your procurement processes and cost management? In our whitepaper, we explain how to make your procurement process more efficient, transparent and effective in four steps . Download the whitepaper now!
Frequently asked questions about Procurement
What is Procurement?
Procurement is the process of purchasing goods and services, from requisition to payment, with the goal of controlling costs and maximising value.
What is the procurement process?
The procurement process includes all steps from request, approval, order, delivery, invoice processing to payment, all in one platform.
What is the benefit of procurement process optimization?
Lower costs, better compliance, fewer errors and more efficient collaboration between departments.
What role does procurement software play?
Procurement software digitises and automates the procurement process, making you work faster, more efficiently and with less risk.
Our Source-to-Pay solutions
Whether choosing the right supplier, managing contracts or processing invoices, with ISPnext you manage the entire process efficiently and compliantly.
Source-to-Contract
Sourcing
Source-to-Contract
Vendor Management
Source-to-Contract
Contract Management
Purchase-to-Pay
Procurement
Purchase-to-Pay
AP Automation
Insights
Spend Analytics
Sourcing
Optimise sourcing processes with supplier selection and market analysis.
Key benefits:
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Accelerate and simplify RFx processes.
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Negotiate the best terms and prices.
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Shorten lead times and reduce process costs.
Vendor Management
Manage supplier relationships effectively with automated evaluations and performance monitoring.
Key benefits:
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Reduce risk through visibility into creditworthiness.
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Centralise supplier and policy information.
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Build strong, trusted relationships with suppliers.
Contract Management
Streamline contract management from creation to renewal with workflows and compliance monitoring.
Key benefits:
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Centrally manage contracts and easily share with stakeholders.
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Improve compliance with standardised templates.
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Get real-time visibility into obligations and performance.
Procurement
Automate procurement processes with ordering systems and approval workflows.
Key benefits:
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Order at negotiated prices and terms.
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Reduce fraud and errors through authorisations.
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Bring all spend together for optimal control.
AP Automation
Accelerate invoice processing with AI and automated approval paths.
Key benefits:
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Automate repetitive and time-consuming tasks.
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Prevent erroneous or duplicate payments.
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Pay on time and improve financial efficiency.
Spend Analytics
Get deep insights into your spending patterns with comprehensive analytics and reports.
Key Benefits:
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Get real-time insight into spend and savings potential.
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Optimise decision making and procurement strategy.
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Increase transparency and reliability of data.
nextAI
DORA
E-invoicing
Procurement Team Management
Supplier360
Dynamic Discounting
Rebate Management
nextAI
Make Business Spend Management processes faster, smarter and easier.
Key benefits:
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Speed up the processing of invoices, contracts and purchase orders.
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Minimise errors and exceptions.
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Save time and money.
DORA
Integrate DORA compliance into your processes and generate one-click reports.
Key benefits:
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Automate DORA reporting.
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Gain insight into operational and digital risks.
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Implement an efficient and scalable approach.
E-invoicing
Process invoices digitally, securely and with regulatory compliance.
Key benefits:
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Comply with national and European standards.
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Automate validation and processing.
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Strengthen financial overview with integrated control.
Procurement Team Management
Make the financial value of the procurement department visible.
Key benefits:
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Gain full visibility into ongoing and future savings.
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Increase collaboration and transparency among team members.
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Centralise reporting for consistent decision-making.
Supplier360
Get a full 360° view of your suppliers in one central platform.
Key benefits:
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Centralise supplier data for maximum reliability.
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Identify risks in a timely manner through continuous monitoring.
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Encourage collaboration and long-term relationships.
Dynamic Discounting
Pay faster, save more and strengthen your cash flow.
Key benefits:
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Increase financial efficiency and cost savings.
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Realise speed and agility in payment arrangements.
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Improve collaboration with suppliers through flexible terms.
Rebate Management
Utilise every bonus appointment, automatically and accurately.
Key benefits:
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Centralise and automate all rebate agreements.
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Ensure accuracy and compliance.
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Maximise financial impact.