OpenText Solutions for Procurement

Optimization, collaboration and efficiency

Procurement is a multi-party collaboration process that spans multiple stakeholders such as purchasing, financial accounting, inventory management and external vendors. It requires timely access to supporting content for evaluation, editing and approval. Providing the right content to the right people at the right time can be a challenge. These business requirements need to be managed in a fully audit-traceable manner.

The solution transforms your current procurement environment in such a way that all of the relevant content is a mouse click away. The tedious paper shuffle is eliminated and the correct people are involved using predetermined business logic given a specific scenario. Best practice design is used for an optimized and automated procurement process based on our customer’s business process realities. It provides process time and cost savings while adhering to the strictest financial audit traceability requirements.

OpenText Procurement solutions help you meet your business goals through the following processes:

• Purchase Order Changes
• Requisition Approval
• Vendor Selection
• Contract Management