ProjecTools Procurement Review - why 3.1 stars?

Shlomi Lavi / updated: Mar 22, 2022

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What is ProjecTools Procurement?

ProjecTools Procurement is a cloud-based project management software designed to help define and replicate time-saving project templates for procurement frameworks. The software comes with features such as:

• Purchasing Setup: ProjecTools Procurement Software aids in the creation and replication of time-saving procurement project templates.
• Requisition Manager: ProjecTools procurement software accomplishes this by assisting buyers in creating and tracking Requests for Quote (RFQ) using system-enforced workflows for WBS, Supplier Data Requirement List (SDRL), anticipated timetables, and approvals, among other things.
• Purchase Order: With this feature, purchase orders are issued and electronically routed to vendors. Change orders can be requested, approved, and managed.
• Supplier Manager: Purchasers use ProjecTools procurement software to track and score suppliers for Historically Underutilized Businesses (HUB).
• Material Manager: All disclosed purchase order and change order information is available to authorized materials managers anywhere in the world, thanks to the integration with ProjecTools Procurement.

ProjecTools Procurement is a project management software that started in 1994. The company is headquartered in Bellville, Texas, United States. The company has a workforce of up to 50 employees.

Who is it best for?

Customers of the software include small and medium businesses as well as large enterprises. Major industries where it can be used include oil and gas exploration, engineering services, retail and wholesale, automation and manufacturing, transport and delivery services, and others. MODEC is among the notable clients of the software.

Main features and functionalities

The software comes with a reliable procurement setup with the facility of defining and replicating time-saving templates for procurement framework. These procurement temples help define various workflows such as PO and CO text, default letters, approval suppliers, and others. The software also offers system-approved workflows for supplier data requirement list, planned schedules, technical and commercial documents, and other aspects.

ProjecTools Procurement facilitates information linking between internal and external business units and defining of lists according to geographic region, country, commodity codes, and other parameters. Other important capabilities include online review and approval, simple transition to RFT to request, purchase order management, supplier manager, materials management, and quality surveillance.

What is the actual cost?

ProjecTools Procurement offers four license pricing options; Essential, Advanced, Professional, and Enterprise. Essential starts at $897 per month on annual billing and $997 monthly. Advanced starts at $1297 per month on annual billing and $1497 monthly. Professional starts at $1797 per month on annual billing and $1997 monthly. The license cost information for the Enterprise plan is unavailable.

The Essential plan comes with features such as Unlimited Projects, 25 User Licenses, Unlimited Email Support, Unlimited Online Help, Unlimited Online Videos, Unlimited Phone Support, 250 GB File Storage, Daily Backups, Redundant Servers in different AWS Regions, Home Page, Supplier Page, etc. The Advanced plan comes with everything in Enterprise plus 50 User Licenses and 500 GB File Storage, Sixteen (16) hours of remote implementation and/or training during month one, Four (4) hours of dedicated GoToMeeting or Zoom support per month.

The Professional plan comes with everything in Advanced plus 100 User Licenses, 1 TB File Storage, Forty (40) hours of remote or onsite implementation and/or training during month one, Sixteen (16) hours of dedicated GoToMeeting or Zoom support per month. The Enterprise comes with all Professional Features plus a Dedicated Account Manager, Custom Integrations, Dedicated support, Managed Data Imports, and a 10% Discount for Project Services.

ITQlick pricing score is 5 out of 10 (10 is most expensive). Access ITQlick pricing guide for ProjecTools Procurement. You can also find here pricing information from ProjecTools Procurement's website.

Pros

• ProjecTools Procurement is feature-rich
• The software is scalable for companies of all sizes
• The software is cloud-based

Cons

• The software has limited support channels
• The application can be integrated with other applications that are available

How it stacks up?

Access a head to head analysis of ProjecTools Procurement vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is ProjecTools Procurement right for you or your business?

Project managers and organizations seeking a project management system that gives them an application that will improve their business processes will fit well with ProjecTools Procurement software. The software aids users to stop the uncontrollable cycle of emails, spreadsheets, unaccountable interactions, and waste that will eat up their profit and kill their credibility