Varis

Vroozi

Xelix Insight

PairSoft

Basware offers a global cloud-based software suite with e-invoicing, procure-to-pay, AP automation, eProcurement, and supplier management tools. It leverages AI and machine learning to streamline business processes, reducing manual work, improving financial efficiency, and enhancing spend visibility. With 220+ network partners and open architecture, it optimizes Source-to-Pay processes and unlocks benefits like early payment discounts for modern businesses.

Basware Alternatives and Competitors. Best Alternatives for Basware are Varis, Precoro, TYA Suite, Vroozi, & Market Dojo

Top Basware Alternatives & Competitors For 2023

Basware is a global cloud-based e-invoicing and procure-to-pay automated software solution that helps drive cost reduction, gain complete visibility across vendors and expand, and improve the efficiency of the functionalities. Basware has designed a wide range of automated solutions to assist its users with Procure-to-Pay, Source-to-Pay, AP Automation, eInvoicing, eProcurement, Supplier Management, etc.

Basware P2P is a complete process that comprises from the point of order to the payment processes. It encompasses tasks from requesting, buying, making payments, and auditing products and services. The P2P process is composed of many individual operations that function across multiple parts of the organization involving numerous people.

Basware AP Automation optimizes the process of receipt and handling supplier invoices. It assists businesses to acquire invoice data along with complete data capture, visibility, minimization of exception handling, and faster invoice processing with minimalistic manual work.

Basware eProcurement is the process of purchasing and trading products and services across the internet. It delivers a comprehensive solution that allows enterprises to facilitate their procurement operations and spend smarter by processing user adoption, vendor collaboration, and visibility of expenses. It reduces maverick purchases to enhance spending and protect from risk and supply chain disintegrations.

Basware eInvoicing helps you digitally connect to all the suppliers to send POs, invoice receipts, and manage the supplier data, assisting you in reducing manual processes and low processing prices. It integrates smoothly with all the ERPs and other monetary back-end systems.

Basware Source-to-Pay process comprises all the procure-to-pay stages along with additional strategic sourcing and supplier selection offering comprehensive spend visibility for the entire process. Basware promotes an open S2P ecosystem concept that is driven by open architecture and prioritizes expertise through coexistence in order to enable this multivendor approach. They allow clients to embrace a &quot;best of breed&quot; ecosystem rather than pressuring them to choose a single suite, allowing them to take advantage of the most cutting-edge advancements across the S2P cycle while still enjoying the advantages of a solid procure-to-pay (P2P) solution at its heart.

Benefits of Basware

<ul>
	<li>Supports interoperability to ensure that the suppliers who are currently using a different network for the transmission of monetary data can use the same network to send invoices to the Basware solution. Over 220 network partners are connected for interoperability.</li>
	<li>Its artificial intelligence and machine learning capabilities help to speed up tasks and eliminate errors. These functionalities are also used in automated data extraction, recurring invoices, leveraging predictive analytics, data coding, etc.</li>
	<li>Its matching and coding technology is Designed to facilitate accounts payable processes, and based on its advanced technology you can reduce manual processing and exception handling of invoices.</li>
	<li>Assists businesses to connect, and collaborate with suppliers with the help of catalogs available in the eProcurement systems.</li>
	<li>Capital Management improves balance sheets, optimizes cash flows, drives savings by lowering processing costs, and captures early payment discounts.</li>
</ul>

 
Basware doesn&rsquo;t offer any kind of free trials or versions. However, you can opt for their premium subscription services as per your business requirement. You can contact their sales team for the same. For smooth ERP integrations, Basware supports many integrations which include JD Edwards Enterprise One, VendorPanel, The OptimalCloud, Uncode Invoice Archive, and many more!!!

Measures and tracks all the travel and expense costs from the spending profile of organizations. 

Travel & Expense Management 

Manages and evaluates systems to make sure they meet the industry and security standards. 

Compliance Management 

Facilitates and manages the inventory stock to meet the customer's requirements.  

Inventory Optimization 

Collects and manages the funds of the business including the spending and usage. 

Cash Management 

Brings visibility to all vendors by providing tools for supplier information, risk, and performance management. 

Supplier Management 

Offers a detailed view of discount possibilities to allow you to capture early payment discounts. 

Discount Management 

organizationtypes

Large Enterprises

platforms

Linux

monetization

Paid

Small Businesses

Windows

Basware

Basware Pricing: Basic & Enterprise Plans For Small, Medium and Large Businesses Billed Monthly & Yearly. Compare the cost with top Basware Alternatives

Basware Pricing and Packages For 2023

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Basware is a ERP, Source to Pay platform designed to help businesses grow. Know the Basware features and it’s benefits

About Basware - Overview and Features

Coupa Pay is a global cloud platform transforming spending management. It links organizations and suppliers worldwide, managing billions in spending. This platform digitizes manual tasks, streamlines source-to-pay, and provides strategic sourcing, supplier, contract, and procurement tools. It delivers optimized supply chains, strong supplier relationships, robust risk management, and efficient travel and expense management.

Coupa Pay Alternatives and Competitors. Best Alternatives for Coupa Pay are Proactis, Basware, Ivalua, Medius, & PRM360

Top Coupa Pay Alternatives & Competitors For 2023

Coupa Pay is a cloud platform that helps its customers manage and optimize their spending, drive profitability and achieve cost savings. Hundreds of organizations that represent the Americas, EMEA, and APAC along with their millions of suppliers are connected by Coupa Pay&rsquo;s unified spend management platform. All its customers are benefitted by bringing billions of dollars in growth spending under management with visibility and control over the money spent.

Coupa Pay&rsquo;s source-to-pay cloud-based solution assists businesses to deliver great value throughout the spending cycle. It evaluates and onboards suppliers and connects sourcing with dealing, purchasing, supplier payments, and invoice authorization with one interface. It digitizes manual processes to eliminate unimportant work, increasing operational efficiency.

Some of the processes managed by Coupa Pay&rsquo;s S2P are

Strategic Sourcing records data consistently to enable apples-to-apples comparisons of suppliers across business needs, risk factors, ESG criteria, etc. It manages complex supplier evaluation criteria with ease as needed, allowing bid evaluations to focus on the company&#39;s most valuable assets.

Supplier management continuously manages the performance and risk of the suppliers and quickly locates ideal suppliers by utilizing community powers. AI, risk-vet, and onboard, along with AI and external data sources, are all used to continually track the performance and risk of suppliers over time.

Contract lifecycle management transfers bid results into contracts effortlessly. By adding the prices and conditions of finished awards to the contract, you can begin earning savings right away.

Coupa&#39;s procurement purchasing solutions help employees see favored products and services at the top of search results, driving purchasing in accordance with the contracts you&#39;ve found and negotiated so that you may get lower prices and other favorable terms.

Suppliers have several alternatives for getting electronic invoices with Coupa source-to-pay automation solutions, all of which are free. Increases the use of electronic invoicing by suppliers to eventually increase the use of electronic payments.

Benefits of Coupa Pay S2P:

<ul>
	<li>Optimizes the supply chain by switching to continuous design while being able to &quot;digitally twin&quot; the entire supply chain.</li>
	<li>Collaborates with suppliers to build more fruitful connections. Starting with the millions of suppliers who are currently interacting digitally and bringing in new ones without charging a fee and providing them with fast access to POs, invoices, and payment status via the platform.</li>
	<li>Manages all aspects of the source-to-pay process electronically, including spend analysis, risk screening, sourcing, contracting, purchasing, invoicing, working capital programs, digital payments, and automatic reconciliations, on a single platform.</li>
	<li>Reduces the risk by implementing third-party risk management thoroughly at all levels of the supply chain, regularly evaluating risk and performance with the help of the community, and implementing real-time fraud detection.</li>
	<li>Booking, ongoing pricing monitoring, expense reporting, and employee reimbursements can all help you manage your travel and expenses more effectively.</li>
</ul>

Coupa Pay S2P being a cloud-based platform that serves medium to large-level enterprises, doesn&rsquo;t offer any kind of free trials or trial versions of its services. To provide well-optimized and efficient services to its clients, Coupa Pay has integrated with many third-party integrations such as UpKeep, NetSuite, Pipefy, Boomi, SAP Business One, OneLogin, Yooz, SAP Fieldglass, Zluri, IntegrityNext, FlowPath, Page DNA, and many as such.

Organizes and handles all procedures and activities related to the acquisition of goods and/or services. 

Procurement Management 

Creates, and sends the purchase orders and keeps track of all the activities and progress. 

Purchase Management 

Chooses the ideal supplier for the needs by negotiating costs and selecting them. 

Sourcing Management 

Creates, handles, executes, and tracks supplier invoices until payment is received. 

Invoice Processing 

From interactions to history manages many such aspects of your connections with suppliers. 

Supplier Management

Tracks, records, and accesses all the client’s contact details. 

Contract/License Management 

Coupa Pay

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Coupa Pay Reviews and Ratings - Nov 2023 

Coupa Pay is a ERP, Source to Pay platform designed to help businesses grow. Know the Coupa Pay features and it’s benefits

About Coupa Pay - Overview and Features

Jaggaer, a top-tier autonomous spend management platform, transforms procurement with its all-encompassing suite of tools. It equips businesses with spend analysis, supplier management, and contract oversight, simplifying procurement processes. Jaggaer's Source-to-Pay platform streamlines operations and enhances ROI, while Procure-to-Pay solutions benefit both buyers and suppliers. With spend analysis, automation, and compliance tracking, Jaggaer optimizes procurement strategies, improving supply chain quality and ROI effortlessly.

Jaggaer Alternatives and Competitors. Best Alternatives for Jaggaer are Coupa Pay, Ivalua, Medius, Market Dojo, & GEP SMART

Top Jaggaer Alternatives & Competitors For 2023

Jaggaer is the leading self-governing spend management platform that offers complete digital transformation across the entire procurement lifecycle. It offers end-to-end procurement solutions which include Spend Analytics, Category Management, Supplier Management, Contract Management, Sourcing, eProcurement, Invoicing, Supply Chain, and Inventory Management.

Jaggaer offers a comprehensive suite of solutions that automates the overall source-to-pay process. It provides value-added solutions to businesses concerning the needs and priorities they have. Apart from Source-to-Pay, Jaggaer also provides solutions like Procure-to-Pay and Supply Chain Management.

Jaggaer One Source-to-Pay platform manages the complete procurement process at one single platform. You can achieve a flexible and future-proof solution for businesses with transaction data and embedded intelligence to analyze them. This is an all-in-one procurement software that you can truly control.

Jaggaer Procure-to-Pay gives comprehensive control of the procurement process to make it effortless for both buyers and suppliers and also ensures to save your time and money.

 
Benefits of Jaggaer

<ul>
	<li>Its spend analysis tools and digital solutions alter your procurement process and provide the latest insights to help you generate revenue and savings.</li>
	<li>Helps you drive the return on investment (ROI) with a strategic approach by creating, tracking, and iterating digital procurement strategies.</li>
	<li>Automates the AP processes with invoice management software. It allows us to focus on strategic operations to improve savings and better decision-making.</li>
	<li>Helps reduce the incertitude in supply chains with quality management system software and builds an automated process for handling supplier quality with a standardized approach to addressing quality issues.</li>
	<li>Its Integration as a Service (IaaS) eradicates the need for internal IT resources and increases software adaptation.</li>
</ul>

 
Being a global spend management platform that is most suitable for large enterprises, Jaggaer does not offer any free trials. You can try their demo before opting for their premium services and check whether it is suitable for your requirements. To give more efficient services in terms of procurement transformation Jaggaer is integrated with some software solutions like TealBook, 3E Protect, ITscope, Awardco, Workday HCM, NetSuite, Barilliance, Baremetrics, and many more.

Uses historical insights to presage the demands of customers in various situations. 

Demand Forecasting 

An integrated planning process that manages the demand, supply, and financial planning. 

Sales & Operations Planning 

Tracks and manages the revisions & updates and navigates all the versions. 

Version Control 

Monitors the business operations to make sure that are performed according to the industry guidelines. 

Compliance Tracking 

Delivers products and services while reducing costs to both buyer and supplier. 

Ceasing the contracts after making sure the payments, terms, and compliances are achieved. 

Offboarding 

Jaggaer

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Jaggaer is a ERP, Source to Pay platform designed to help businesses grow. Know the Jaggaer features and it’s benefits

About Jaggaer - Overview and Features

Ivalua is a robust spend management platform that simplifies procurement, boosts transparency, and improves supplier connections. Prioritizing accessibility and compliance, it offers quick deployment, spend analysis, and supplier risk insight. Its features include contract management, collaboration tools, procurement, requisition, asset tracking, and sourcing. Ivalua empowers organizations to increase savings, revenue, and competitiveness.

Ivalua Alternatives and Competitors. Best Alternatives for Ivalua are Basware, PRM360, Coupa Pay, Corcentric, & GEP SMART

Top Ivalua Alternatives & Competitors For 2023

Ivalua is a spend management platform that manages all the contract processes in one single platform. It is a procurement software solution trusted by over 300 leading businesses across the world to manage over $500 Billion in implicit and explicit spending. It meets the requirements of the international standards, known as Web Content Accessibility Guidelines (WCAG) criteria to give access to all workers.

Ivalua source-to-pay empowers procurement leaders to manage all the expenses, digitizes supply chain &amp; procurement procedures, and improves transparency &amp; quality of the data. It helps in cost reduction, performance &amp; risk management, and improves compliance and supplier relationship. It allows businesses to analyze their spending, execute source strategies, and negotiate and manage contracts &amp; supplier details, risks, and performance.

Benefits of Ivalua S2P

<ul>
	<li>Helps push supplier &amp; user adoption and generates a swift ROI. Its stress-free quick deployment packages and pre-build integrations ensure fast execution.</li>
	<li>Let&#39;s you manage all the spend types and gives access to all the actionable insights, resulting in maximizing savings. You can manage everything in a single platform including the complex services that might be a tough task for some financial service customers.</li>
	<li>Enables companies with new ways of working and creating revenue opportunities. Ivalua empowers its procurement teams to build a true competitive advantage by leveraging the resilience of the platform and offering capabilities that can activate when needed.</li>
	<li>Its sourcing optimizing tools have initially been chosen only for a few processes due to the complexity involved. The Sourcing Decision Center (SDC) empowers users to leverage optimization and make smart supplier selection decisions with its native integration.</li>
	<li>Helps you understand the supplier&rsquo;s true supply chain risks with visibility into the supplier&rsquo;s sub-tier network. Its visual mapping helps customers identify areas of risk, supplier dependencies, and better management of expenses.</li>
	<li>Offers faster accounts payable automation solutions with streamlined workflows, powerful tax assent capabilities, and invoice processing. These skills help customers process invoices efficiently from anywhere around the globe.</li>
</ul>

The Ivalua platform doesn&rsquo;t provide any kind of free trials or trial versions. Though all kinds of businesses can collaborate with their services, based on the services they provide it is more suitable for large enterprises. Ivalua doesn&rsquo;t offer any kind of free trial or trial versions, although you can request their demo service before opting for their premium services. Intending to provide uncompromised and optimized services to clients, Ivalua supports a few integrations such as Docu Sign, Adobe Acrobat Sign, Lemon Leaning, etc.

Helps organize, monitor, and automate the entire contract process i.e., initiation, execution, and renewal of the contract. 

Contract lifecycle Management 

Tools work hand in hand in real-time while communicating and sharing information within the system. 

Collaboration Tools 

Organizes and completely manages all the procedures involved in the purchase of goods and services. 

Reviews, approves, or cancels the requests for the goods or services to be purchased. 

Requisition Management 

Tracks details of fixed assets such as deflation and maintenance of scheduling. 

Fixed Asset Management 

Reviews, negotiates the best prices and chooses the right supplier for multiple purchases. 

Ivalua

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Ivalua Reviews and Ratings - Nov 2023 

Ivalua is a ERP, Source to Pay platform designed to help businesses grow. Know the Ivalua features and it’s benefits

About Ivalua - Overview and Features

Medius is a cloud-based spend management solution seamlessly integrated with ERP systems. It streamlines your procurement lifecycle, automating tasks from supplier selection to payment, ensuring compliance, and offering real-time insights. With features like workflow management, PO reconciliation, and automated invoice processing, Medius simplifies operations, enhances security, and reduces costs. Gain control, make informed decisions, and eliminate manual processes with Medius, your partner for efficient source-to-pay solutions.


Medius Alternatives and Competitors. Best Alternatives for Medius are Coupa Pay, Corcentric, OpusCapita, Proactis, & GEP SMART

Top Medius Alternatives & Competitors For 2023

Medius is a cloud-based integrated spend management solution that works with your ERP. Its cloud deployment process and ERP connectors help you manage your automated tasks, spend, and provide you with insights for smart decision-making. Its rapid return of interest helps you save time, effort, and money and lets you focus on what&rsquo;s more important. You can automate the entire account payable process by eliminating the manual invoice keying, matching, and processing. It helps you achieve complete visibility of invoices, cash flow, and spend visibility. It automates the entire source-to-pay process with the Medius accounts payable suite. Apart from AP automation, Medius serves businesses with multiple solutions like Procurement, Sourcing, contract management, and supplier management.

 
Source-to-pay solutions simplify and optimize the entire procurement lifecycle in which the components of source-to-contract and purchase-to-pay are also included.

Steps included in the source-to-pay process:

<ul>
	<li>Analyzing the needs for products or services</li>
	<li>Selecting the suppliers</li>
	<li>Negotiating and handling contracts</li>
	<li>Purchase order creation</li>
	<li>Budget authorization</li>
	<li>Receipt of delivery</li>
	<li>Invoicing</li>
</ul>

 
Medius Payment Automation transforms the payment process into automation and fixes the suppliers&rsquo; payment concerns by removing the manual approach. It&rsquo;s spend management saves time and spend costs. Its robust security reduces the risk of fraud. With it&rsquo;s spend management tools and automated invoice process, you can achieve manual task elimination, the creation of audit trials, and error reduction.

Medius Procurement is an eProcurement solution that helps you bring all your spending under control ensuring it is compliant as well. Its automated procurement system helps you raise a purchase order, goods receipt, and process an invoice automatically without the need to manually send POs to the suppliers.

Medius Contract Management helps you build and manage contracts with its flexible pre-set templates as per your business requirement. Its cloud-based contract automation software allows you to digitize your contractual agreements, and access them anytime you need.

<h3>Benefits of Medium</h3>

<ul>
	<li>Its S2P platform gives you a complete view of the procurement process from sourcing to supplier management and payment and ensures the visibility and control of all supplier agreements.</li>
	<li>Helps you make smart decisions by giving access to the supplier data along with a dashboard of key details like financial information, risk metrics, etc.</li>
	<li>Allows you to access the real-time reports and analytics for key contract data that is beneficial for the negotiation of contract terms and prices.</li>
	<li>Its touchless capture technology expertly captures data and extracts invoice data automatically and archives it to the AP automated software to let you audit the reports when needed.</li>
	<li>Allows you to pay all the international and local suppliers through a single channel. Through this, you can lower expenses and risk by merging multiple processes in one secure platform.</li>
</ul>

Medius does not proffer any kind of free trials or trial versions. But you can opt and subscribe to any of their premium paid plans based on your requirements. Medius contract management being an independent application, it doesn&rsquo;t need to integrate with the ERP.

Allows and manages to create, plan, and automate all the processes within the software.

Workflow Management

Verifies and closes the purchase order that complies with all the pre-issued terms.

PO Reconciliation

Extract reports on unpaid invoices along with the elapsed time since the date of invoice.

Aging Tracking

Tracks, manages, and reviews all the changes of the software codes.

Version Control

Manages the process of awarding permissions to the right parties throughout the development.

Approval Process Control

Sends an automated notification when the exact payment is being initiated twice over.

Duplicate Payment Alert

Free

Medius

Services: 

<ul>
	<li>Medius Pay</li>
	<li>Medius Capture</li>
	<li>Medius Analytics</li>
	<li>Medius AP Automation</li>
</ul>

Professional

Services: 

<ul>
	<li>Medius Pay</li>
	<li>Medius Capture</li>
	<li>Medius Analytics</li>
	<li>Supplier Management</li>
	<li>Medius AP Automation</li>
</ul>

Enterprise

Services:&nbsp;&nbsp;

<ul>
	<li>Medius Pay</li>
	<li>Medius Capture</li>
	<li>Medius Analytics</li>
	<li>Supplier Management</li>
	<li>Medius AP Automation</li>
	<li>Supplier Portal</li>
</ul>

Premium

Medius Pricing: Basic & Enterprise Plans For Small, Medium and Large Businesses Billed Monthly & Yearly. Compare the cost with top Medius Alternatives Free Trail Available

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Medius Reviews and Ratings - Nov 2023 

Medius is a ERP, Source to Pay platform designed to help businesses grow. Know the Medius features and it’s benefits

About Medius - Overview and Features

GEP SMART, an advanced Source-to-Pay (S2P) procurement platform, caters to procurement experts. It provides comprehensive solutions for direct and indirect procurement, seamlessly integrating with ERPs in the cloud. From spend analysis to supplier management, it streamlines the procurement process. With AI automation and multilingual support, GEP SMART enables organizations to boost efficiency, optimize spending, and cultivate transparent supplier relationships. This secure, scalable, and user-friendly solution, hosted on Microsoft Azure, is ideal for contemporary procurement operations.

GEP SMART Alternatives and Competitors. Best Alternatives for GEP SMART are Coupa Pay, Basware, Ivalua, Medius, & Proactis

Top GEP SMART Alternatives & Competitors For 2023

GEP SMART is a unified Source-to-Pay platform built for procurement professionals for transforming end-to-end procurement operations in a sole cloud-native platform. Its comprehensive solutions drive performance for both direct and indirect procurement to automate all the S2P processes. It unifies sourcing and procurement operations into an advanced cloud platform with a comprehensive and powerful set of capabilities for spend management. GEP SMART offers a broad spectrum of services which includes Direct Procurement Software, Indirect Procurement Software, Source-to-Contract, Procure-to-Pay, Spend Analysis, Contract Management, Sourcing, etc.

GEP SMART S2P procurement software integrates with all the ERPs to facilitate and automate the complete process from spend analysis to supplier management. You can achieve flexibility, security, and scalability through its user-friendly digital platform that boosts adaptability and efficiency. It is completely built on the Microsoft Azure cloud platform to ensure excellent cybersecurity needless of any additional integrations, or IT infrastructure, saving maintenance costs.

GEP SMART&rsquo;s spend analysis helps you comprehend everything related to the spend in the sense of what you spend on, how and where it is being spent and is the spend is worth. It benefits in reducing maverick buying, low procurement prices, enhanced efficiency &amp; compliance, and higher savings. It offers a circuition view of cost-cutting activities in user-friendly, well-organized, customizable reports.

Benefits of GEP SMART

<ul>
	<li>It allows procurement organizations to execute ongoing as well as impromptu analysis to gain hold of data, unfold its actual value, and acquire insights that empower effective planning and productivity.</li>
	<li>Leverages Robotic Process Automation (RPA) to integrate AI and machine learning to execute time-consuming, monotonous tasks letting you focus more on the strategies.</li>
	<li>Enables smooth movement from various tasks and stimulates the ability to work on any platform all thanks to its intelligent interfaces &amp; design, and amazing visual appeal.</li>
	<li>Offers multilingual capabilities that play a crucial role for businesses and supply chains that are extensively networked all over the globe.</li>
	<li>Improves collaborations and strengthens business partnerships with its transparent exchange of contract information.</li>
</ul>

GEP SMART doesn&rsquo;t provide any kind of pricing details for the services they provide. However, you can get in touch with their sales or support team for further details regarding the subscription plans and prices. It is integrated with many major ERP and AP systems which include Oracle, SAP, JD Edwards, and many more.

Enables increased smart purchase requests and purchase recommendation decisions that optimize compliance spending. 

Requisition Processing 

Allows you to track purchase orders, price reports, or other transformations between contracts and invoices. 

Negotiates the best deals along with choosing the right supplier for various acquisitions. 

Creates, tracks, and manages all the purchase orders along with their statuses. 

Purchase Order Management 

Gives exceptional control of all the contracts and measures performance, highlighting the red flags. 

Automates invoice managing processes which include validation, matching, and accord to deliver state-of-the-art invoice management. 

Invoice Management 

GEP SMART

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GEP SMART is a ERP, Source to Pay platform designed to help businesses grow. Know the GEP SMART features and it’s benefits

About GEP SMART - Overview and Features

PRM360, a top-tier cloud procurement software, caters to eCommerce, Healthcare, and Manufacturing. Services include Spend Analysis, Contract Management, and eInvoice Management. This AI-driven platform boosts procurement efficiency, streamlines data, and optimizes spending via Spend and Sourcing Management. PRM360 fosters digital transformation, simplifying tasks like catalog management and requisition approval.

PRM360 Alternatives and Competitors. Best Alternatives for PRM360 are Ivalua, Market Dojo, Proactis, Coupa Pay, & OpusCapita

Top PRM360 Alternatives & Competitors For 2023

PRM360 is the leading cloud-based procurement software solution in the global market. It helps businesses across various industries comprising eCommerce, Healthcare, Agriculture, Poultry, Industrial Manufacturing, and so forth. PRM360 provides customized services to comply with the unique requirements of procurement that vary among industries. Apart from P2P, it also provides many software solutions like e-Auction, Contract Management, Catalogue Management, Source-to-Pay, and eInvoicing Management. Considering business requirements, It offers an exceptional range of services like Spend Analysis, Track Management, Project Management, Vendor Management, and so on.

PRM360 is a highly efficient real-time eAuction procurement tool that assists businesses in bidding &amp; negotiation to optimize profits with several auction types reverse auction, forward auction, and logistic auction. Its reverse auction algorithm assesses the spend category and specifies its sustainability for the reverse auction process. It creates the bid strategies based on the category supply post validating the supplier list.

PRM360 is a leading AI-powered contract lifecycle management tool that automates the end-to-end contract lifecycle. It helps organizations to relieve manual efforts which eventually leads to unproductive time reduction and ROI maximization. This tool assists stakeholders to manage and aggregate contracts actively from a centralized platform.

PRM360 eInvoice management redefines the invoice managing procedure and streamlines the workflows to make it completely effortless. It automates the accounts payable and eradicates the paperwork complexity.

<h3>Benefits of PRM360</h3>

<ul>
	<li>
	Facilitates the data management of products, services, categories, etc. Its comprehensive dashboard helps you manage the activities of the catalog and transmits updates about the products, expenses, etc.
	</li>
	<li>
	It&#39;s AP automation helps you track procurement spending and analytics assists businesses to identify upcoming trends, risks, and optimization possibilities to mitigate the maverick spend.
	</li>
	<li>Offers a complete digital transformation throughout the source-to-pay lifecycle by automating procurement requisition, validation of data analytics, and funding approvals.</li>
	<li>Assists you in keeping track of all the buyer and supplier data at a single site to evaluate their performance for later collaborations.</li>
	<li>AI implementation lowers total procure-to-pay cycle costs while increasing efficiency and rapid expansion with the least volume of production and resources.</li>
</ul>

To avail of the services of PRM360, you can contact their sales team and try out their demo service before opting for the premium one. Being an open-architecture platform PRM360 smoothly integrates with the ERP and third-party applications.

Tracks the amount expended on a certain product or with a specific vendor.

Spend Management

Keeps track of fixed assets data including depletion and maintenance planning and history.

Fixed Asset Management

Maintains a catalog of goods and services with descriptions, costs, and specifications.

Cataloging/Categorization

Examines, accepts, and rejects requests for products/services to be purchased.

Requisition Management

Chooses the best suitable supplier for your needs by negotiating the best deals with them.

Sourcing Management

Reconciles external data with internal transaction data to facilitate managerial oversight.

AP Data Processing

PRM360

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PRM360 Reviews and Ratings - Nov 2023 

PRM360 is a ERP, Source to Pay platform designed to help businesses grow. Know the PRM360 features and it’s benefits

About PRM360 - Overview and Features

Corcentric provides a cloud-based procurement platform with Source-to-Pay and Order-to-Cash solutions. Its modules include analytics, sourcing, contract management, invoicing, and more, streamlining processes and reducing costs. It automates invoice approvals, enhances procurement, and unlocks savings through data analytics. Additionally, Corcentric offers features like bank reconciliation, purchase order management, billing, and ACH payment processing for efficient financial operations.

Corcentric Alternatives and Competitors. Best Alternatives for Corcentric are Ivalua, Medius, Adyen, PRM360, & OpusCapita

Top Corcentric Alternatives & Competitors For 2023

Corcentric is a cloud-based procurement platform that integrates state-of-the-art software across all source-to-pay technology to increase the success of finance and procurement. It optimizes all your source-to-pay software in one central platform. Corcentric offers collection and analysis tools that enable customers to manage sources using prebuilt templates, assess bids in relation to restrictions, and construct various scenarios.

Users may handle approval workflows, measure contract obligations, import, and export data, and maintain the contract repository and modifications. Businesses may control payments, keep track of chargebacks, and allocate payment amounts. Corcentric provides comprehensive Source-to-Pay and Order-to-Cash solutions designed to cut expenses and increase revenue.

Corcentric&#39;s modular SaaS Source-to-Pay imparting consists of Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Procurement, Invoice Management, Financial Management, and Payment solutions. It assists businesses to streamline methods to keep money, and growth efficiency, and lessen the risk. Enhances running capital to power measurable, sustainable results by integrating information and workflows throughout the purchase, suppliers, contracts, and finance.

Corcentric&rsquo;s Order-to-Cash solutions can dramatically decrease your DSO by safeguarding payments and eradicating credit risk. Solutions incorporate Managed Accounts Receivable, EIPP, Supply Chain Finance, Centralized Billing, and AR Automation. It translates into better-working capital and customer service, a positive influence on the business cash flow.

Benefits of Corcentric

<ul>
	<li>Invoice approval workflow solution automates invoices that surpass the 2-way or 3-way match arranges through the businesses&rsquo; ERP for payment.</li>
	<li>Source-to-Contract offers a comprehensive view of spend, vendors, and contracts in order to improve procurement effectiveness.</li>
	<li>Allows you to achieve frictionless purchase, compliance spending, and streamlined payments with P2P.</li>
	<li>Analytics uncovers hidden savings, expenses, and efficiency in your expenditure data.</li>
	<li>With the Cor360 Payables Automation solution, you have the ability to manage 100% of your bills electronically, which lowers invoice processing costs by up to 80% and immediately unlocks the strategic significance of AP automation.</li>
</ul>

To avail of the services of Corcentric, you can subscribe to their premium plan. You can contact their sales team and try out their demo service before opting for the premium one. Corcentric is integrated with many third-party applications like Oracle Netsuite, SAP Business One, Global Shop Solutions, and many as such.

Analyzes and correlate the corresponding bank statements with the accounting and financial data.

Bank Reconciliation 

Maintains a detailed record of purchased items during the project to track expenses. 

Creates and controls financial exchanges like billing & invoices, between entities. 

Billing & Invoicing 

Evaluates and monitor systems to make sure they comply with business and security standards. 

Transfers funds between bank accounts without using paper checks, credit or debit card networks, or cash. 

ACH Payment Processing 

Incorporates key accounting functions into a single application. 

Accounting Integration 

Corcentric

Corcentric Pricing: Basic & Enterprise Plans For Small, Medium and Large Businesses Billed Monthly & Yearly. Compare the cost with top Corcentric Alternatives

Corcentric Pricing and Packages For 2023

Corcentric is one of the highly rated software from ERP category. Know the best features of Corcentric that are rated by the highest no. of users.

Corcentric Reviews and Ratings - Nov 2023 

Corcentric is a ERP, Source to Pay platform designed to help businesses grow. Know the Corcentric features and it’s benefits

About Corcentric - Overview and Features

Proactis offers a cloud-based spend management solution for businesses, improving sourcing, procurement, and financial processes. Platforms like Proactis Rego simplify Source-to-Pay, enhancing control and efficiency. Its procurement solutions drive cost savings and supplier relations, while their Spend Management app streamlines accounts payable. With rule-based workflows and automation, Proactis aids global businesses in boosting competitiveness and financial performance.

Proactis Alternatives and Competitors. Best Alternatives for Proactis are Zycus, Coupa Pay, Elavon, Medius, & OpusCapita

Top Proactis Alternatives & Competitors For 2023

Proactis is a cloud-based spend management source-to-pay solution that allows businesses to manage the spending of sourcing and facilitates procurement processes. In order to achieve the best benefits from direct and indirect spending by monitoring procurement processes, Proactis has presented various platforms like Proactis Rego for S2P, Procurement control for Source-to-Contract, and Spend control for Purchase-to-Pay.

Proactis Rego is a robust Source-to-Pay software platform created especially for mid-market companies. You have control over your spending and supply-chain risks because of its simplicity of use and integration. All thanks to automation and process digitization that minimizes the cost of goods and services, increases efficiency, and promotes compliance and governance of the buying process.

Procurement control, also known as eProcurement and Source-to-Contract, involves more than just making purchases of goods and services with the highest value and quality. A successful eProcurement system can lead to significant cost savings, improved supplier relations, better contract terms and conditions, and more effective business procedures. Proactis Procurement solutions give purchasing professionals the resources they need to support the procurement process for both capital goods and large-scale projects as well as for everyday goods and services. Most significantly, they support the purchasing department&#39;s efforts to streamline procedures and get the best value by successfully adopting, evaluating, and communicating with suppliers.

The Proactis Spend Management application provides financial professionals with the tools they need to effectively improve their bottom line by reducing costs and improving financial management. You can reduce the cost of your accounts payable functions by automating most invoice processing while improving compliance with approved policies and procedures to ensure only the right purchases are made.

<h3>Benefits of Proactis</h3>

<ul>
	<li>Gives you access to and control over company spending. Use internet resources instead of manual purchase methods. Let&#39;s you implement a rule-based workflow to streamline the approved processing based on predetermined organizational and financial criteria. Requisitions that have been accepted can be automatically turned into orders and sent to suppliers in the desired format.</li>
	<li>Lowers the direct costs of invoice processing by automating the whole lifecycle from invoice receipt to payment authorization. You can now reduce the paperwork and establish a smooth, efficient, and quick claims procedure.</li>
	<li>Provides cost control and information accessibility advantages that will help boost your company&#39;s competitiveness in the years to come.</li>
	<li>Its solutions have been designed from the ground up to serve businesses that operate across numerous nations and locations, as well as multiple business units.</li>
	<li>Enables you to keep a close eye on the data underlying the key indicators of each supplier&#39;s performance capability and the likelihood of a problem, including proven qualifications and functionality, quality control, safety assurance procedures, certifications, and regulatory compliance, among other things.</li>
</ul>

To avail of the services of Proactis, you can subscribe to their premium plan. You can contact their sales team and try out their demo service before opting for the premium one. Proactis is integrated with many software solutions like Microsoft Azure, Microsoft Outlook, Quick Book Commerce, NetSuite, Oracle PeopleSoft, DealerTrack DMS, JD Edwards EnterpriseOne, Cerner PowerChart Ambulatory EHR, CDK Drive, The OptimalCloud, and many as such.

Keeps track of information about fixed assets, including inflation and maintenance planning and history.

Works inclusively on projects while communicating and sharing data within the system in real-time.

Collaboration Tools

Proactis

Proactis Pricing: Basic & Enterprise Plans For Small, Medium and Large Businesses Billed Monthly & Yearly. Compare the cost with top Proactis Alternatives

Proactis Pricing and Packages For 2023

Proactis is one of the highly rated software from ERP category. Know the best features of Proactis that are rated by the highest no. of users.

Proactis Reviews and Ratings - Nov 2023 

Proactis is a ERP, Source to Pay platform designed to help businesses grow. Know the Proactis features and it’s benefits

About Proactis - Overview and Features

Zycus is a cognitive procurement software that has been recognized for its exceptional source-to-pay solutions. It is trusted and collaborated with by many large enterprises globally for the S2P integrated suite. It powers S2P solutions with its innovative Merlin AI Suite, which offers data-driven insights for better and smarter decision-making. Merlin AI acquires the strategic tasks and allows procurement to mainly focus on the strategic projects. Its AI offers a B2C-type user experience to its end customers.

Apart from Merlin AI Suite, and S2P Suite, Zycus provides many other solutions like Procurement Software Suite, eProcurement Software, Invoicing software, etc, to transform businesses with AI-driven contract lifecycle management.

Zycus S2P

Zycus S2P procurement suite is a smart and powerful solution that leverages machine learning, AI, and predictive analytics to automate and digitalize the procurement cycle. The S2P Suite products are built organically on one platform which helps businesses acquire seamless dataflow. The S2P Suite includes modules for both source-to-contract and procure-to-pay processes.

Zycus Procure-to-Pay

Zycus Procure-to-Pay Suite is an AI-powered solution that ensures consistency and helps you take the best purchasing decisions with an intuitive shopping experience. It helps improve requisition, catalog, and PO management with eProcurement, and get a touchless invoice with the help of eInvoicing.

Zycus can be beneficial and easily accessible to all kinds of business levels, from small enterprises to large global businesses. This cloud-based procurement software supports all the platforms like Web, Android, IOS, and SaaS.

Benefits of Zycus

<ul>
	<li>With touchless purchase order generation, you can eliminate double-entry of data with easy flipping of requests to POs or rapid resourcing events.</li>
	<li>Offers flexible, no coding, and smooth approval workflows. It reduces drive procurement compliance by easily configuring workflow based on business rules.</li>
	<li>Provides great transparency and outstanding visibility with accurate and real-time data across all the transactions.</li>
	<li>The advanced sourcing solution helps automate and expedite the sourcing process making it more strategic and proactive.</li>
	<li>Its advanced saving management solution simplifies the process of tracking procurement savings and helps combine both finance and procurement.</li>
	<li>The request management solution assists non-procurement users in sending requests to procurement functions without any impediments.</li>
</ul>

Zycus does not offer any kind of free trials or versions. You can avail of their demo service before subscribing to their services. You can contact the support team and request a quote for the same. Integrations are made easy with Zycus&rsquo; Merlin Artificial Intelligence Suite.

Zycus

Zycus is a ERP, Procure To Pay platform designed to help businesses grow. Know the Zycus features and it’s benefits

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