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Procurement

Government procurement or contracting involves the expenditure of public funds and, for this reason, it requires a great deal of transparency and accountability. The process crosses all levels of government, involving legislation that provides funds, agencies that enter into contracts to expend the funds and administrative activities to deal with disputes. Eliminating non value-added activities, having instant access to all required content in electronic form, and stakeholder collaboration is key to procurement cost-effectiveness. Failing to measure and control the process can result in procuring the wrong products or services, higher cost of goods and services, excessive internal labor, and possibly violation of government or business financial regulatory requirements.

Using ECM to manage the procurement lifecycle—from purchase order to payment—reduces cycles and costs, allows involved parties to engage in more value-added activities. such as vendor selection and management, payment term negotiation and compliance to regulatory requirements.

Customer Success Stories

• City of Scottsdale
• Region of York

Products and Solutions for Procurement

• Solutions for Procurement