An e-procurement, spend management software is not a novelty. Such products have been on the market for nearly two decades. However, none of the existing solutions have met expectations for three main reasons.
In today’s cutthroat competition, procurement managers are not just tasked to conclude favorable supplier contracts, but also support financial managers and company executives with solutions to help them control costs and spending.
The multilevel, easy-to-customize approval management workflow is a standard feature. There are a number of ways in the system to create an approval chain that reflects the structure of any company, including individual cases. The requester always has a view of the approval chain before submitting the requisition, which easily identifies the executives needed for approval.