News Releases

Solution drives efficiency in procurement through best-in-class technology, advanced analytics and flawless execution

MONTERREY, Mexico – October 28th, 2014 – Softtek, founder of the nearshore industry and leading global IT services provider dedicated to maximizing the value of applications, announced today its new line of Global Procurement as a Service (GPaaS) solutions, which is focused on helping Global 1000 organizations to bring efficiency to their procurement process, by combining deep domain knowledge, streamlined processes, procurement technology and data science capabilities.

The new service enables Softtek to help organizations operate more efficiently in procurement transaction processes; analyze spend to determine trends, outliers, patterns and seasonality; and define strategies accordingly. Furthermore, the GPaaS allows organizations to drive category management and effectively manage contracts through their lifecycle.

“Spend can represent 50% or more of the price of product or service of most companies today,” said Krishnan Venkat, Managing Director for Procurement Services at Softtek. “We help organizations understand and bring a strategic approach to how effectively this cost is managed, and we support them towards managing the process in its entirety.”

Softtek’s GPaaS solution is enabled by a technology platform that consists of advanced data analysis capabilities and partner applications for electronic marketplaces, contract lifecycle management software and supplier collaboration software. These are all built on top on Softtek’s Business Process Management (BPM) capabilities, system integration heritage and its Global Nearshore™ service delivery model.

“For nearly 10 years Softtek has provided global procurement services for leading organizations in the Energy Management, Aerospace, and Oil and Gas segments,” said Beni Lopez, Chief Globalization Officer at Softtek. “Currently we manage over USD $2 billion annually in direct and indirect spending, on behalf of our clients.”

Softtek helps organizations in North America, Latin America, Europe and Asia to improve the effectiveness of their procurement processes. High-performance procurement execution enables organizations to allocate more resources to innovation, customer service and overall improvement in their products and services.

For more information visit, follow @Softtek on Twitter, connect with Softtek on LinkedIn and read Softtek’s blog.

About Softtek:

Founded in 1982, Softtek is a global provider of process-driven IT services with more than 30 offices in North America, Latin America, Europe and Asia. With 10 Global Delivery Centers in Mexico, China, Brazil, Argentina, Spain and India,  Softtek helps improve time-to-business-solution, lower costs of existing applications, deliver better engineered and tested applications, and produce predictable outcomes for top-tier corporations in over 20 countries.  Through on-site, on-shore and it’s trademarked Global Nearshore™ service delivery models, Softtek teams with CIOs to constantly increase the business value of IT. Softtek is the creator and leader of the nearshore industry. Visit, follow @Softtek, connect with Softtek on LinkedIn and read Softtek’s blog.