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Use of procurement software is still in its early days.
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Last year, Concur bought 7Software, maker of procurement software tools, in order to move quickly into the procurement space.
"The use of procurement cards is common across all central government departments in the United Kingdom.
Deployment of any procurement software takes time and careful planning, however, cloud-based solutions have a significant advantage over on-premises deployments because the implementation is already complete.
"Overall, when comparing the total cost of ownership of an on-premises procurement software with a cloud-based system, the latter proves significantly more cost effective," says Paul Blake of SMART by GEP procurement software.
The robustness of procurement strategies for high procurement costs is optimized and related procurement strategy is proposed.
Avoid the use of translation software.
And in tests with financial and procurement software, the cloud-computing environment has delivered efficiencies of 40 to 60percentt in productivity and power consumption, he said.
That's why procurement software has become a big business.
The C-suite and procurement leaders face a common dilemma when choosing procurement software: should the new software system be an "on-premises" application or a cloud solution?
Other forces are calling for savings to be made through greater use of national procurement.
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