Top procurement challenges

 

Insights into spending

It's difficult to keep track of spending when it's not centrally maintained. Costs scattered across spreadsheets, ERPs, and manual invoices leave you in the dark.

 

Supplier issues

The supplier ecosystem is fragile and prone to disturbances from factors such as geopolitical situations. This causes a high degree of risk when procurement is to be accomplished across global markets.

 

Regulatory compliance

Adherence to global regulations is vital, and non-compliance means hefty fines and penalties. Being fully in sync with constantly evolving global standards is no easy task.

 

Price volatility

A fragile global economic backbone greatly influences the volatility of prices. This causes uncertainty and risk from a procurement perspective.

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Leverage our low-code platform ManageEngine AppCreator to tackle the operational challenges faced in procurement.

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A central dashboard for spending visibility and comprehensive analytics

Low-code platforms allow you to develop centralized dashboards without coding through a drag-and-drop interface. These dashboards offer granular insights into your spending with comprehensive analytics.

 

End-to-end automation of procurement processes

Leverage the approval builders of low-code platforms to automate approvals and route them through stakeholders instantly. Provide instant notifications to stakeholders, keeping them aware of all pertinent data at all times.

 

Seamlessly integrate with supplier systems

Leverage the APIs offered by low-code platforms to integrate and interface with external supplier systems seamlessly. Reduce external silos and improve transactional clarity.

 

Stay compliant and audit-ready

Audit trails offer granular insights into all actions that happen in your enterprise. Compliance requirements can be tracked through interactive dashboards.

Optimize your sourcing life cycle with bespoke procurement solutions

See how custom procurement solutions streamline the entire process.

Supplier onboarding

Use low-code platforms to build interactive supplier onboarding portals without extensive coding. Also, automated onboarding workflows speed up the entire supplier onboarding process. API-powered integrations with external compliance databases facilitate quick supplier credential verification.

Supplier onboarding

Contract life cycle management

Quickly and easily build contract management apps on low-code platforms that automate the entire contract life cycle management process. In these low-code apps, rule-based approvals for contract task-items can be set up using a point-and-click interface, without coding. Instantaneous process approval mechanisms empower stakeholders to decide fast.

Contract life cycle management

Procurement analytics

On low-code platforms, real-time dashboards built using a drag-and-drop what you see is what you get (WYSIWYG) interface provide stakeholders with a granular view of process statistics across the enterprise. In these dashboards, procurement data is consolidated from various sources such as ERPs, spreadsheets, and other external vendor systems. This eliminates the creation of data silos in the enterprise.

Procurement analytics

Order management

End-to-end order management apps can be built much faster than conventional methods on top of low-code platforms. Most low-code platforms allow instant deployment to mobile, empowering personnel in the field to instantly access critical data on the go.

Order management

Procurement made simple with custom low-code apps

Leverage AppCreator's low-code capabilities to architect powerful procurement apps. Use workflows custom built for your unique procurement processes to streamline your procurement life cycle from end to end.

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