Digital transformation has been one of the top buzzwords across industries and their respective leaders, including those spearheading procurement.
Similar to digitally transforming other business areas, the digitalisation of procurement provides businesses with the opportunity to reduce inefficiencies and inaccuracies that may stem from manual procurement methods.
Most businesses digitalise their procurement by adopting e-Procurement systems.
Why an e-Procurement System is Important?
Adopting an e-Procurement system serves more than just taking a step towards digitally transforming your business. Here’s why having an e-Procurement system is beneficial for your company:
Better Spend Visibility and Transparency
Having a centralised system that consolidates most procurement activities from sourcing to payment also records data from those activities. With built-in analytics functions that reflect transactional data, businesses can make informed data-driven decisions to optimize their savings.
Improved Compliance
If your company has set internal purchasing guidelines, e-Procurement systems can adapt to them with its incorporated features such as PO controls and approval workflows.
As a result, users are able to adhere to set compliances since it’s a part of their purchasing experiences. In addition, managers can have the peace of mind in knowing users are purchasing within established guidelines.
Reduced Cost & Maverick Spend
As mentioned earlier, digitalising procurement reduces the margin of error that is attributed to manual procurement means. Reducing such errors thus reduces the cost associated with them.
With the capability of e-Procurement systems to increase adherence to compliance, rogue expenditure or maverick spend will decrease.
Standardisation & Streamlined Data
Through controlled e-Catalogues, purchases are standardised thus eliminating free from text issues that tend to contaminate your company’s database.
Moreover, a centralised system streamlines business processes and consolidates data in real-time providing businesses with an overall view of company expenses.
Experience the benefits of an e-Procurement system through Supplycart’s very own cloud-based platform, ADAM.
ADAM enables users to enjoy an intuitive, consumer-like purchasing experience while adhering to compliances.
Digitalise your businesses with features like e-Sourcing, PO controls, quotations requests, analytics and more, exclusively on ADAM.
Up next
3 min read
Learn about contract management in procurement, including its stages, benefits, challenges, and best practices to streamline processes and improve supplier relationships.
3 min read
Looking beyond upfront costs is crucial for smarter procurement. Total Cost of Ownership (TCO) reveals hidden expenses like maintenance, supplier risks, and compliance costs helping you make strategic, long-term decisions.
3 min read
ADAM, a leading source-to-pay eProcurement solution, has partnered with 1000Meetings, a strategic and innovative MICE platform focused on helping corporate organizations save valuable time and cost while sourcing the right venues for their business events.
3 min read
Learn about contract management in procurement, including its stages, benefits, challenges, and best practices to streamline processes and improve supplier relationships.
5 min read
Get ahead of the curve with our compiled analysis of 2025’s most impactful procurement trends. From AI transformation to ESG imperatives, we’ve gathered insights from leading industry reports to help procurement leaders navigate the evolving landscape.
Video
Read on strategic end-of-year vendor evaluations can transform procurement performance. Featuring case studies from industries like oil, property management, and logistics that demonstrate the benefits of vendor evaluation.
See ADAM in action.
Get started and our friendly team will take care of the rest.
Explore how ADAM can transform your vendor management strategy today.