What is e-Procurement?
E-procurement, also known as on-demand procurement, enables organizations to leverage web-based technologies to purchase goods and services, manage supplier relationships and enable smarter spending. With e-Procurement, organizations are able to efficiently manage the end-to-end procure-to-pay process – from requisition and approvals to receipt and invoicing. e-Procurement applications help streamline and automate labor-intensive procurement processes to reduce overhead costs, decrease cycle times and eliminate off-contract spending.
