purchasing software

Purchasing software is powerful software for streamlining and automating a company's entire purchase/procurement process. Purchasing software is utilized by all employees who have a hand in the purchase process, including those involved in order creation, management control, approval, and reports. Enterprise procurement software typically offers seamless integration with a company's financial systems. The strength of purchasing tools lies in efficiency gains from automation of the stages of the procurement process, including requisition, approval, receiving, reports, and reconciliation.


Related terms: procurement, eprocurement, purchasing systems, small business purchasing software