Top 54 Procurement Software (Jun 2024)

Procurement Buyer's Guide

Overview

Business software refers to a category of software applications that are designed to help businesses streamline their operations, increase efficiency, and improve overall productivity. These software tools are essential for businesses of all sizes and industries to manage various aspects of their operations, from customer relationship management to financial planning and human resource management.

Main Features

The main features of business software typically include tools for project management, accounting, payroll processing, inventory management, customer relationship management (CRM), and business analytics. These features help businesses automate repetitive tasks, track key metrics, and make informed decisions based on data insights.

Main Business Processes the Software Apps Can Help With

Business software applications can assist with a wide range of business processes, including:

• Financial planning and budgeting
• Inventory management and supply chain optimization
• Customer acquisition and retention through CRM tools
• Project management and collaboration
• Human resource management and payroll processing
• Marketing campaign automation and analytics

Steps on How to Buy This Software

When buying business software, follow these steps:

1. Assess your business needs and identify the key features required.
2. Research different software vendors and compare their offerings.
3. Request demos or trials to test the softwares functionality.
4. Consider scalability, integration capabilities, and vendor support.
5. Negotiate pricing and licensing terms.
6. Implement the software with proper training and support for your team.

Things to Consider

When choosing business software, consider factors such as:

• Scalability to accommodate future growth
• Integration with existing systems
• Data security and compliance with regulations
• User-friendliness and training requirements
• Vendor reputation and customer support

Popular Vendors and Market Share

Some of the most popular vendors in the business software category include:

• Microsoft - Market Share: 18%
• SAP - Market Share: 12%
• Oracle - Market Share: 10%
• Salesforce - Market Share: 8%
• Intuit - Market Share: 6%

Trends and Future of the Category

The business software category is continuously evolving with the following trends:

• Increased focus on artificial intelligence and machine learning for data analysis
• Shift towards cloud-based solutions for scalability and accessibility
• Integration of automation tools to streamline workflows
• Enhanced cybersecurity features to protect sensitive business data

10 Questions to Ask Software Vendors During a Demo

1. How does your software integrate with other business applications?
2. What security measures are in place to protect our data?
3. Can you provide examples of successful implementations in similar businesses?
4. How does your software handle scalability as our business grows?
5. What level of customer support can we expect post-implementation?
6. Does your software offer customization options to fit our specific needs?
7. What training and onboarding services do you provide for new users?
8. What are the pricing structures and any hidden costs we should be aware of?
9. How often do you release software updates, and how are they managed?
10. Can you provide references from current customers for us to contact?

Head to head Procurement software leaders comparisons:

List of Procurement Software:

Procurement Management Software Price Range

The starting price for a typical Procurement Software is in the range of $0 and $40 per month. The majority of vendors offer their products using the “per month/per user” price format. They may also bundle additional service charges for features such as integrations to third-party software, advanced report and portals for suppliers.

• Small businesses can expect to pay $7-$1500 a month for a procurement software product. For example, Quartzy pricing starts at $39 per month, Deltek Costpoint costs around $7 a month for the first three months, and Khareed E-Procurement goes for $1500 a month. Some other vendors would offer annual licenses as well. One example is Market Dojo, which costs about $1550 per year for each user.
• SMBs: The pricing for procurement software products for Medium-sized organisations is typically between $1 and $500 per month. For instance, CommonPage pricing starts at $9 a month, SnapAP cost around $500 and ALTO eProcure pricing goes for $1 a month. Gluh begins at around $100 a month as well.
• Large Establishments can expect to pay upwards of $11 a month for Procurement software. For context, Oracle Procurement Cloud pricing starts at $575 per month, Tradogram at $15 a month and Bellwether goes for $18 a month for its Enterprise plan.
• Free software: Some vendors offer free versions of their Procurement software. For example, Spendwise provides a free version, and a subscription plan of $9 a month if the user needs it. Chondrion offers a free plan for the first month. Applegate PRO is free as well, but with paid plans starting at 1 cent a month.
• Procurement software products for Windows OS have a subscription price up to $350 a month. For instance, WebReq pricing goes for $20 a month and Avartantech for $350 per month. Other vendors charge a one-time fee, like Ourshared P2P, which starts at $6500 one-time licensing.
• Web-based Procurement Solutions typically start at $19 a month. Precoro, for example, starts from $29 a month and also offers large plans of $19 per month. Also, ISNetworld charges $680 a year. Some other vendors charge one-time fees; for example, Panacea costs $7000 for a one-time licensing.
• macOS users can expect to pay up to $775 for a procurement software product. For example, e-proCAT charges $499 one-time fee, FirstBIT pricing goes for $8 per month for the first three months, and Gatekeeper costs up to $775 monthly.