Hi I am looking for esourcing/RFQ software plus some contract management software.
I've just set up as a consultant and cash is limited at the moment therefore suggestions of low cost options would be much appreciated! Thanks.
Hey Richard, it seems like " Market Dojo " is a great option to try . It helps to run reverse auctions, weighted RFQs and RFX's with public sector functionality. It offers affordable, on-demand strategic sourcing tools and it helps procurement professionals collect information from and negotiate with suppliers online.
Have you thought about leveraging a BPO? Overall, they are far more cost effective due to the fact there is no software license agreement, no need to take time to implement, administer or train an organization, and more flexibility to scale up and down as your business needs change. Overall, lower risk with quicker time to value.
Hey Richard, You may try this software.
It's absolutely free !
Hi Richard! Have a look at Determine www.determine.com. We've also just published a starter info kit for CLM, so might be a worthwhile read! We're based in moorgate, so if you wanted a coffee and a chat, I could talk you through some options. No problem.
If you're small, your best bet is to go with a package that has souring and contract management together (like us ;), so you cut down on the admin taking a sourcing event to contract in a few clicks, and at contract renewal, you can ping the details back to RFQ.... simples :) Give me a shout if you want more info!
Hi Richard, in case you haven't decided yet, take a look at Ensolva (https://ensolva.com/). It's a full B2B specialized software system for managing all procurement phases of an organization. It facilitates data entry, exchange, storage and processing, automates the tendering process, helps creating requests and bids, speeds communication and simplifies analysis. If you'd like to have some more information, feel free to contact me.
@Richard; you might want to take a look at Claritum (http://www.claritum.com/). Customers tend to come to us when they can't find the right price/capability balance from the larger S2P/P2P providers. We also have the advantage of integrating nicely with many of those names already mentioned in this thread.
Hi Richard, Have you considered Synertrade? If it is not too late I would love to share some information with you for your review. Capgemini has given us the overall #1 tool for Source to Contract, and recognized by Gartner in all the critical capability reports for sourcing and contract management software applications. Please let me know if you would like to hear how we compare to the others you have reviewed and pricing
Coupa is a great option and reasonable on cost. I use SpringCM for contract management and approval workflows.
Richard - I recently completed a source to pay selection for a major US CPG Company. We narrowed the field to just the largest providers of end-to-end capabilities that met our clients needs. In this case, Ariba, Coupa, GEP, Determine, Basware and iValua. Let me know if you need any specific help on this.
Another platform you may want to consider is for both your requirements is Coupa. They offer a comprehensive suite of P2P / Procurement applications including CLM & eSourcing. Having twice implemented their platform I consider them to be a preeminent player in this marketplace. For an objective perspective, I would also suggest you obtain a copy of the most recent Forrester Wave eProcurement Report. This will provide a more comprehensive side by side evaluation of the platforms across the market. Good luck.
Hi Richard, Source One offers a low-cost, low-risk option for organizations looking to conduct eSourcing events. Check out WhyAbe today. It's the rare Procurement tool that was designed for Procurement professionals, by Procurement professionals. https://www.whyabe.com/
I replaced Ariba Suite with Zycus Suite. And found this to be one of my better decisions.
Oh okay Richard. I've asked my peers about some good esourcing/RFQ softwares that they know. I will let you know once they responds back.
What about considering either Concord, OneSoft Connect, ContractSafe or Agiloft for contract management? They seems to have free versions as well.
Thanks Christeen, I’ve looked at that one and agree it’s very good. Unfortunately it’s a bit out of my price range at the moment.