Smart Buy Procurement Sourcing

Smart Buy Procurement Sourcing

Tail spend management poses a longstanding problem for procurement professionals and other business leaders. The onerous task of overseeing large numbers of discrete, non-strategic suppliers delivering ad hoc goods and services simply doesn’t lend itself to streamlining. As a result, efforts to drive improvement typically fall short.

Today, businesses are reexamining how process optimization and intelligent automation can be applied to improve procurement and contract management and tame the tail spend beast.

Softtek’s Smart Buy procurement platform combines process methodology and intelligent automation to optimize spend analytics, reduce costs and cycle time and drive increased visibility into the delivery model. By managing transactions throughout the sourcing lifecycle, Smart Buy delivers a “Single Invoice” procurement model.