5 “Rights” of Procurement
The 5 rights of procurement are the bones of your strategy. It’s also a great tool for communicating with stakeholders who don’t quite get the process
Team members can create a purchase request in minutes
Set unique custom fields to suit your business
Turn your online shopping cart order into a draft PO
Manage invoices at lightning fast speeds.
Managers can quickly approve or reject requests
Cross reference and verify accounts payable expenses
Upload all of your essential purchase data in seconds
Simple and ultra secure access management
Unlimited, detailed budgets to help you track company spend
Analyze detailed breakdowns of company spend
Remote teams can manage purchasing from anywhere
Auto convert purchase orders to the supplier’s currency
Manage & switch between different company accounts
Big picture reports for finance teams and super users
Manage 3rd party suppliers in a single portal
More value from suppliers of standard items
Build a product catalog for critical vendors
Leverage existing data for ESG insights.
The 5 rights of procurement are the bones of your strategy. It’s also a great tool for communicating with stakeholders who don’t quite get the process
Procurement, is “the overarching function that describes the activities and processes to acquire goods and services. Importantly, and distinct from ‘purchasing’, procurement involves the activities