Top 31 SC Procurement Software

TOP 31 SC Procurement Software

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1. FinancialForce HCM

  • Best for: Medium and large size businesses
  • Price: starts at $9,000 per year
  • Mar 12, 2022
Compare FinancialForce HCM Vs. FinancialForce HCM

FinancialForce HCM (Human Capital Management) is a fully integrated software solution that helps businesses manage their current and incoming employees, from recruitment until their retirement. The software includes features and modules that supports several business aspects, including learning mana...


2. Epicor Supply Chain Management

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 04, 2022
Compare Epicor Supply Chain Management Vs. FinancialForce HCM

Epicor for Distribution is a cloud-based as well as an on-premise enterprise resource planning solution that is geared towards supply chain management. The software assists in the organization of data, reporting, and planning as well. The software has also incorporated business intelligence (BI), th...


3. Infor SCM

  • Best for: Start up, Small business, Medium business, Large business
  • Price:
  • Apr 16, 2022
Compare Infor SCM Vs. FinancialForce HCM

Infor SCM is both cloud-based as well as an on-premise supply chain management solution that is developed majorly for logistics service providers. The on-premise deployment can be done on either the windows platform or the Mac OS platform depending on the customers choice.


4. Intesource

  • Best for: Medium and large size businesses
  • Price:
  • Apr 28, 2022
Compare Intesource Vs. FinancialForce HCM

Intesource is a web based supply chain management solution for businesses of all sizes. It offers such services as contract management, milestone management, vendor management, and others. The software was designed and launched by Intesource Inc headquartered in Arizona, United States.


5. Proqur

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 24, 2022
Compare Proqur Vs. FinancialForce HCM

Proqur is a streamlined procurement platform designed for small and medium sized engineering firms and suppliers. It is mainly, but not only, employed in the mechanical and industrial engineering fields. The company is located in Silver Spring, United States.  The software keeps track of all the ...


6. The Pool Program

  • Best for: Start up, Small business
  • Price: starts at $439 per license
  • May 25, 2022
Compare The Pool Program Vs. FinancialForce HCM

The Pool Program is a service and retail business management solution for businesses of all sizes. Its capabilities include back office support, inventory management, client management, and others. The software was designed and launched by Wise Software & Computer Products Inc headquarte...


7. b-pack

  • Best for: Small, medium and large size businesses
  • Price:
  • Jun 18, 2022
Compare b-pack Vs. FinancialForce HCM

b-pack is a procurement management solution for businesses of all sizes. Other than procurement management, it also offers real time budget management, performance monitoring, integration, and other capabilities. The software was designed and launched by b-pack headquartered in Georgia, ...


8. Verian Suite

  • Best for: Medium and large size businesses
  • Price:
  • Jun 23, 2022
Compare Verian Suite Vs. FinancialForce HCM

Verian Suite is a purchase to pay software suite that can help companies to get complete control over their procurement processes. The software comes with different modules that can improve the purchasing systems of a company by automating them, create approval system for invoices and help companies...


9. QStrat QLM Sourcing

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 06, 2022
Compare QStrat QLM Sourcing Vs. FinancialForce HCM

QLM Sourcing is a supply chain management solution for businesses of all sizes. It offers contact management, quotation management, RFQ management, and other capabilities. The software was designed and launched by QStart Inc headquartered in Ontario, Canada.


10. eBuyerAssist

  • Best for: Medium and large size businesses
  • Price: starts at $34.95 per user/month
  • Jul 09, 2022
Compare eBuyerAssist Vs. FinancialForce HCM

eBuyerAssist is a trending cloud-based Supply Chain software, it is designed to support medium and large size business. eBuyerAssist received a rating of 5 from ITQlick team. The software cost is considered average (3/5) when compared to other solutions in their category.


11. 3PL Warehouse Manager

  • Best for: Small, medium and large size businesses
  • Price: starts at $625 per license
  • Jul 04, 2022
Compare 3PL Warehouse Manager Vs. FinancialForce HCM

3PL warehouse manager software is a cloud-hosted warehouse management system that is ideal for small and midsize businesses. The system is designed to assist third-party logistics companies in managing multiple customers, billing schedules and processes.


12. Puridiom eProcurement Suite

  • Best for: Medium and large size businesses
  • Price:
  • Jul 04, 2022
Compare Puridiom eProcurement Suite Vs. FinancialForce HCM

Puridiom is a supply chain management software that offers a complete eProcurement solution that actually works. Different companies of different sizes can use this tool to automate purchasing process, monitor purchasing trends and analyze all the valuable data. This complete eProcurement solution m...


13. Negotiatus

  • Best for: Medium and large size businesses
  • Price: starts at $49 per month
  • Mar 29, 2022
Compare Negotiatus Vs. FinancialForce HCM

Negotiatus is a spend management software that helps businesses control and manage their spending and other purchasing activities.


14. Ultriva Lean Execution Suite

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 16, 2022
Compare Ultriva Lean Execution Suite Vs. FinancialForce HCM

Ultriva Lean Executive Suite is a supply chain management system designed to provide collaboration across your supply chain network. The software was designed and launched by Ultriva, Inc., headquartered in CA, United States. It offers a wide range of inventory optimization and management tools.


15. Slingshot Enterprise Business Suite

  • Best for: Small, medium and large size businesses
  • Price:
  • Jul 25, 2022
Compare Slingshot Enterprise Business Suite Vs. FinancialForce HCM

Slingshot Enterprise Business Suite is a web-based ERP Solution. The software allows you to implement a full package of enterprise applications that includes Sales Order, Procurement & Requisition, Inventory & Supply Chain management as well as Financials while providing the customer tools to easily...


16. SciQuest Contract Director

  • Best for: Medium and large size businesses
  • Price: starts at $45,000 per year
  • Jul 26, 2022
Compare SciQuest Contract Director Vs. FinancialForce HCM

SciQuest Contract Director is a contract management solution for businesses of all sizes. It also offers workflow management, customized reporting, integration, and other capabilities. The software was designed and launched by SciQuest Inc headquartered in North Carolina, United States.


17. Conga Novatus Contract Management Software

  • Best for: Small, medium and large size businesses
  • Price: starts at $55 per user/month
  • May 25, 2022
Compare Conga Novatus Contract Management Software Vs. FinancialForce HCM

Conga Novatus Contract Management Software is a growing cloud-based Contract Management software, it is designed to support small, medium and large size business. Conga Novatus Contract Management Software received a rating of 4.6 from ITQlick team. The software cost is considered affordable (2.2/5...


18. Coupa Cloud Spend Management

  • Best for: Small, medium and large size businesses
  • Price:
  • May 08, 2022
Compare Coupa Cloud Spend Management Vs. FinancialForce HCM

Coupa Cloud Spend Management is a cloud-based suite of financial applications that can help you to monitor each and every part of your company where spend happens. The company focuses on procurement and expense management features to help you improve compliances and increase savings. Users can stren...


19. BasWare Invoice Automation

  • Best for: Medium and large size businesses
  • Price: starts at $100,000 per year
  • May 11, 2022
Compare BasWare Invoice Automation Vs. FinancialForce HCM

BasWare Invoice Software is a cloud-based purchase to pay, financing and invoice processing solutions that help the user to automate and streamline the procurement and invoicing process. Some of its core features include e-procurement, financing, supplier management, and travel & expense management.


20. ePMX

  • Best for: SMBs
  • Price: starts at $18 per user/month
  • Jan 24, 2022
Compare ePMX Vs. FinancialForce HCM

ePMX is a web based purchasing management solution for businesses of all sizes. It offers modules for requisitions, purchasing, receiving, quotation management, invoicing, and inventory management. The software was designed and launched by Bellwether Software headquartered in Kentucky, U...


21. iTracker Hosted 3PL Software

  • Best for: Small businesses and start ups
  • Price: starts at $250 per user/month
  • Mar 01, 2022
Compare iTracker Hosted 3PL Software Vs. FinancialForce HCM

iTracker Hosted 3PL Software is a web-based SQL hosted management system with an easy to use warehouse management system and RF scanning capabilities. The software also provides any number of users to the system and unlimited customer access without any additional costs. The software also has powerf...


22. ESM Purchase

  • Best for: Medium and large size businesses
  • Price:
  • Feb 14, 2022
Compare ESM Purchase Vs. FinancialForce HCM

easyPurchase is a cloud based spend management solution for businesses of all sizes. Its services include sourcing, procurement, invoicing, analytics, and contract management. The software was designed and launched by ESM Solutions Corporation headquartered in Pennsylvania, United States...


23. HAL Warehouse Management System

  • Best for: SMBs
  • Price:
  • Mar 21, 2022
Compare HAL Warehouse Management System Vs. FinancialForce HCM

HAL WMS is a cloud-hosted warehouse management solution that serves both warehousing and production environments. The solution provides users with warehousing functionalities for assets including receiving, put away, label, pick, quality control, production, move, package and ship.


24. SAP S/4HANA

  • Best for: Large business
  • Price: starts at $3,595 per month
  • Feb 17, 2022
Compare SAP S/4HANA Vs. FinancialForce HCM

SAP S/4HANA is an ERP software that uses the SAP HANA platform. It combines and automates various processes in the business in one place, making it more convenient for all users to get the needed information and tools, find real time data, and be involved in the process. From the design development ...


25. Oracle Advanced Procurement

  • Best for: Small, medium and large size businesses
  • Price:
  • Feb 28, 2022
Compare Oracle Advanced Procurement Vs. FinancialForce HCM

Oracle Advanced Procurement is a growing cloud-based BI software, it is designed to support small, medium and large size business. Oracle Advanced Procurement received a rating of 4.6 from ITQlick team. The software cost is considered average (3.1/5) when compared to other solutions in their catego...


26. SutiProcure

  • Best for: Small, medium and large size businesses
  • Price: starts at $100 per user/month
  • Feb 22, 2022
Compare SutiProcure Vs. FinancialForce HCM

SutiProcure is a supply chain management solution for businesses of all sizes. It offers such services as order processing, inventory management, supplier management, invoicing, and others. The software was designed and launched by SutiSoft Inc headquartered in California, United States.


27. Procurify

  • Best for: Small, medium and large size businesses
  • Price: starts at $499 per month
  • Feb 22, 2022
Compare Procurify Vs. FinancialForce HCM

Procurify is cloud-based procurement and order management software. The main purpose of the software is to facilitate time savings and prepare reports about the company’s spending. Procurify was launched in 2011 and the company is located in British Columbia, Canada. The software seeks to reduce ...


28. POOL4TOOL

  • Best for: Medium and large size businesses
  • Price: starts at $1,500 per month
  • Feb 28, 2022
Compare POOL4TOOL Vs. FinancialForce HCM

POOL4TOOL is supply chain management software that aims at the optimization of business resources. The software streamlines the flow of information between suppliers and clients. The company delivers business eSolutions and its headquarters are located in Vienna, Austria. POOL4TOOL supervises and i...


29. SoftCo Procure-to-Pay Software

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 07, 2022
Compare SoftCo Procure-to-Pay Software Vs. FinancialForce HCM

SoftCo Procure-to-pay software is an on-premise and cloud-hosted platform that offers financial process automation solutions. The SoftCo platform is designed to suit the needs of midsize and large organizations across various industry sectors. SoftCo Procure-to-pay software is a product of SofCo Com...


30. SicommNet iBuyer Solution

  • Best for: Small, medium and large size businesses
  • Price:
  • Mar 30, 2022
Compare SicommNet iBuyer Solution Vs. FinancialForce HCM

SicommNet iBuyer Solution is a fast growing cloud-based Supply Chain software, it is designed to support small, medium and large size business. SicommNet iBuyer Solution received a rating of 4 from ITQlick team. The software cost is considered affordable (1/5) when compared to alternative solutions...


31. Hybrent

  • Best for: Small, medium and large size businesses
  • Price:
  • Apr 05, 2022
Compare Hybrent Vs. FinancialForce HCM

Hybrent is a cloud-based, supply chain healthcare software that transforms how businesses manage inventory, order supplies, and regulates their overall expenditure.



A Buyer's Guide to Business Software Solutions

How to Evaluate and Buy Business Software
 
If you’re somehow puzzled if this article is only for a specific size of business, no, it’s not. This is for you SMEs, MNEs and start-ups software buyers. Also, we’re not talking about a specific software solution here. Whether the software solution that you’re planning to buy is for Accounting, Business Intelligence, ERP, CRM, Help Desk, Maintenance Management or other types of application, one thing is for sure; with the help of this article, you will be able to know the right process in evaluating and buying a business software solution.
 
We’ve been into the software business for years and we’re seeing a lot of nitty-gritty things that often bring confusions and hesitations to many companies looking for better software solutions. Some companies can’t afford to let go their legacy systems while a few is encountering technological snags once the new system is in place. While this is the underlying truth behind software acquisition and implementation, what’s exciting about buying a business software solution is that there is a clear and obvious proof that thousands of companies and corporations today are happy with the benefits this technology is bringing into their respective businesses.  There is a significant increase in their revenue and the growth is on-going. And it’s easy to say; many from the Fortune 500 companies are making a lot of money because of their smartly-acquired business software.
 
So, let’s get straight to the point. What should you do in order to acquire that business software that could make your organization achieve its goals? The answer to this is pretty straightforward: evaluate and buy that right business software. Yes, that’s what you need to do and here’s the best manual from ITQlick.com that could certainly help you in doing that strategically.
 
Consider the Needs of Your Organization
Let’s assume that at this point, the entire management team agreed that you are ready to invest on a certain software application. The budget has been compromised and the key persons who will be involved in the acquisition process were already identified. Therefore, it’s time to approach things the project management way.
 
Define the Project
Every business software solution is categorized base on application type, features, deployment model, market size and pricing model. Remember that our objective here is to evaluate and buy a business software product that will fit into the size and present needs of your business. So what the project management team should try to deal with first is to define the real requirements of your business exactly base on the categories set by the software industry. Moreover, by doing this activity, you are already narrowing down your search for the right solution. Now, consider bringing this list of FAQs to the project management and aim to come up with clear-cut answers.
 
  1. What type of software is needed? Is it Integrated-Suite, Best-of-Breed or Industry-Specific? Ask your CEO’s main agenda and find the perfect match from these available options.
  2. What are the core and secondary features? Are you looking for basic, advanced or hi-end features? List down the specific features per category and allow the department managers and supervisors to give their insights on this list.
  3. How are you going to deploy the system? Would it be on-premise, cloud-based, hosted, or mobile-based? Weigh these options with the help of your CIO.
  4. Are you going for Tier 1, Tier 2 or Tier 3 vendors? Their offered solutions are base on the size of their target market - SMEs, MNEs or start-ups. Seek your CFO’s advice as it is important to match your financial capacity against the cost of the solution that the providers have for you.
  5. Are you willing to pay for the perpetuity software license or a subscription-based solution is way better? How many users are there and what would be their roles in using the system? Solicit feedbacks from future end users for they know better what challenges and risks might possibly come along their way when they’re using the system.
 
Finalize the BOM or List of Requirements
After providing definite answers on the above questions, we can say that the project has already been defined. Your procurement team is now ready to do their role in the acquisition process of this solution. However, in order for them to execute their job properly, they must have the complete list of requirements - features, specifications, hardware, and the software product. In other words, the Bill-of-Materials (BOM) that is final, complete and well-prepared must be handed over to the procurement director. Needless to say, it is very important that everybody is following the company purchasing and procurement protocols at all times.  
 
Request for Proposal (RFP)
The RFP process will bring everything into formality. Since you’re more likely in a line of business that doesn’t regularly buy software products, it is of critical importance that your RFP is well-structured before you send it to your prospect solution providers.
 
Draft the RFP
An RFP that contains all the relevant information as discussed during the project management meetings will enable the providers to return back to you their proposal that is complete and substantial. Therefore, your RFP should basically contain the following:
 
Brief Introduction
  • Company Name
  • Mission and Goals
  • Purpose of the RFP (or the need for software solution)
Business Background
  • Organizational Structure
  • Current Situation (IT infrastructure, system currently in-use, system issues and desired solutions, etc.)
  • Major Objectives of the Software Purchase
Request for Specific Requirements
  • Solution Functionality
  • System Specifications
  • Vendor Company Information
  • Price Model, Service Plans, Package Options
Other Important Inquiries (if necessary)
 
Send the RFP
Well-structured RFP will bring a lot of advantages especially when the proposals from various providers are received and then subjected for review and analysis. Send your RFP to at least three to five providers (or prospects which you have already shortlisted during the project definition phase). Depending on the complexity of the solution, most vendors will send their proposal in a matter of time, which could be around 4 to 6 weeks for Integrated-Suite solution.
 
Why still send RFP?
Is there really a need for RFP if your preferred solution (like cloud-based) and the service plans or packages are already displayed on the vendor’s website? Well, yes, you still need to undergo the RFP process. For most sales people, they certainly know that those figures appearing in the vendor’s website are usually the “list price” and not the “actual price”. More importantly, the vendor’s proposal (response to RFP) will serve as your main basis for the negotiation. Therefore, sending an RFP is a strict requirement.
 
Follow up questions relevant to RFP
More often than not, questions and concerns will be raised by the vendors to whom you send the RFP. You have to entertain them with utmost professionalism. Solution providers who are seeking further clarifications relevant to the RFP are consisting of professional software experts who wants to help your organization as much as they can. Entertain them but at the same time, always be cautious when providing additional information which you know is confidential or proprietary.
 
Evaluate the Proposals
Always refer to your finalized BOM when tabulating the contents of each proposal. Part of this process is to check the features that are available from this certain vendor and to cross out those that are not. While using spreadsheet aids the tabulation process, laying down the document proposals on the table and allowing your project management team to review them one by one should always be conducted. Evaluating the proposals in full force can help strengthen your decision-making process. Have another round of brain-storming session and come with the name of your preferred solution provider.
 
When selecting the final vendor, always promote the best interest of your organization. Consider answering these questions with full sincerity.
 
  1. Which vendor can provide the long-term benefits to your organization?
  2. Which vendor can provide the best and honest service from acquisition to full implementation?
  3. Which vendor is willing to devote most of its time in better serving its client?
 
Contact this solution provider and in your own strategic approach, try to get the answers to those three important questions above. In most cases, vendor who really wants to prove its craft will offer product demos on a higher level. Others will even invite you to check their already deployed and working systems. Feel free to connect with this type of vendor. Conduct simulation and testing, be it a cloud-based or on-premise solution. Examine all aspects and angles especially those that your project management team want to really know in-depth. For as long as it could help you arrive at a better decision, consider doing all the options available – for the interest of the organization.
 
Enter the Negotiation Process
Most solutions providers can be flexible in terms of pricing. Although the final say is oftentimes on the mouth of the sales person from the vendor’s side, a good negotiation process can always deliver a win-win situation to both parties involve. While negotiation sometimes cannot be settled in one sitting session, always be honest with your intentions whenever negotiating with your provider. If it’s about your budget, justify it with clarity. If it’s about their service plans, tell them what’s lacking or missing on their solution. At the end of the day, the most important event that should happen is that both of you are shaking hands because of a well done negotiation process.
 
Seal the Contract
So what are you going to do on a contract that involves a significant amount of investment? There are three project management approaches for this.
 
  1. Pass the ball to you legal team. They know what to do and more or less they will tell you if there is something wrong with the contract. Give them enough time to review before they affix their signature and then finally seal the contract.
  2. Hire a consultant base on the technical aspect that you want to clarify in the contract. If it’s the Scope of Work (SOW), a software implementation expert is the right person. If it is related to complex legal terms and conditions, a lawyer can help. If it has something to do with money, invite an accountant to conduct a thorough review and computation if necessary.
  3. Always consider consulting your project management team. Remember that the CIO, CFO and CEO are all team members. They will be the signatories and they know what’s best for the interest of the company when signing a contract agreement.
 
From evaluation to buying stage, it is important that the project manager must take full responsibility of monitoring all the works identified and distributed among team members. This is why delegating the right project manager is also an important consideration when buying a business software solution. And again, ITQlick.com wants to emphasize that whatever the size of your company is, using the project management approach will always lead you into a better outcome – that is getting what you paid for the right business software solution. 

Finding the right business software for your business
Proper business software selections are the precursor to successful deployment and business growth. Finding the right solutions doesnít have to be complicated, and it doesnít have to take days or weeks of your time.

After researching over 5,000 systems, we can identify the best solution for companies of all shapes and sizes. ITQlick.com is 100% free for software buyers.



Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.