Software as a service (SaaS) is revolutionising how businesses go about sourcing goods and services. The beauty of the SaaS model is that a user isn’t required to purchase or maintain IT infrastructure or software, rather they simply pay a subscription fee for access to a cloud-hosted system managed by their chosen e-procurement provider.
Here are five key benefits of SaaS e-procurement:
1. Cost-effective: Cloud-based e-procurement software solutions entail no significant upfront costs and subscription fees tend to be linked to the number of system users, making it economical for both large and small firms.
2. Cutting-edge: SaaS allows firms to tap into the IT expertise of software providers. Firms need not worry about having to keep track of technological developments in e-procurement.
3. Connectivity: With SaaS, buyers can access their procurement system from any device that is connected to the web. This opens up the possibility of greater flexibility in work arrangements.
4. Security: Cloud-based software services are recognised as being secure and hold sufficient capacity to ensure that all data is backed up and retrievable.
5. Collaboration: Cloud-based e-procurement solutions allow buyers and other staff the chance to collaborate when sourcing goods and services.
Migrating from paper-based procurement to e-procurement delivers a host of business benefits, which can be realised fully if the new system is smoothly and wholeheartedly implemented. Read more about effective e-procurement adoption by downloading our free SourceDogg white paper, Converting to e-Procurement: 17 Aspects of Successful Adoption.
