Procurify - Top Competitors (Feb 2022)

Shlomi Lavi / updated: Feb 22, 2022

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Procurify vs. Alternatives in 2024

The key competitors for Procurify are Zycus Procure-to-Pay and SutiProcure.

Zycus Procure-to-Pay is a workflow based system that can manage the entire procurement cycle that includes requirements & bid management, vendor selection, as well as invoicing & payments. The product includes online portals which suppliers can use to pre-qualify, list their products in e-catalogs for requirements selection, as well as bid for new opportunities. The purchasing process is handled electronically and orders can be generated automatically based on the accepted bid terms, with bid winners being chosen through a transparent rating system which evaluates suppliers on a variety of pre-defined factors.

Procurify is a similar e-procurement solution that is available as a cloud based system. In addition to the features available in Zycus Procure-to-Pay, the product also includes procurement budgeting to manage spending targets & contain product costs, as well as monitor project & service delivery expenses.

Then there is SutiProcure which can handle both existing qualified and new suppliers depending on the nature of the purchasing requirements. Additionally while it is available as a cloud based solution it also includes support for mobility solutions. Other features include reverse auctions, invoice reconciliation with product & service delivery, as well as product defect and return management as part of purchasing contract management.

While Procurify supports many of these features it also includes an API for integration with other leading enterprise applications, or it can be utilized as a standalone system as well. Additionally there is a fraud prevention and auditing system to monitor the procurement process, and ensure compliance with regulations and competitive pricing as well.