eProcurement Solutions from Cromwell
We understand today’s procurement challenges
Cromwell understands the challenges facing procurement professionals, which is why we offer a range of eProcurement solutions to help you improve efficiency and accuracy while significantly reducing procurement costs.
Spend Less Time Buying & More Time on What Matters Most
Ways to reduce the cost of procurement and your time spent placing orders.
Businesses often spend unnecessary time, money and effort procuring the products they need to do their jobs. See how our solutions can help you save time and money by improving productivity, simplifying tasks and consolidating orders. We'll help you reduce the total cost of ownership of your MRO products, including how you find, buy and manage these items.
Learn more >
Benefits of eProcurement
Efficiency
Save time and resources by streamlining and simplifying the procurement cycle.
Accuracy
Reduce manual intervention and errors through automation. Pricing, product, and contract information is always up to date.
Cost savings
Reduce transaction costs and set controls to improve spend management.
Productivity
Optimise procurement resources with electronic ordering, invoicing, and payment processes.
Compliance
Ensure adherence to contractual terms and pricing through automation and standardised workflows.
Collaboration
Enhance communication and coordination with your supplier.
What is eProcurement?
Electronic procurement (eProcurement) systems use digital technologies to automate and streamline the entire procurement process – from requisition to payment. By integrating with your in-house systems, our eProcurement solutions create a seamless electronic connection between your company and Cromwell.
Average cost of raising an order without an eProcurement solution is £120.
By implementing an eProcurement solution, that cost can be reduced to £30.
Source: The Chartered Institute of Procurement and Supply (CIPS)
Introducing
eProcurement Solutions from Cromwell
Cromwell offers two eProcurement solutions, both designed to improve the efficiency and value of your procurement processes.
1
Punchout
Ideal for larger businesses, Punchout gives you direct access to our full online catalogue, enabling you to streamline product selection and ordering. Punchout integrates fully with your existing ERP system as well as third-party integrators, including SAP Ariba, Hubwoo, Oracle, Coupa, and Maximo. Such seamless integration saves time and reduces administrative processes, enabling you to unlock greater efficiencies and cost savings.
- Enhanced product offering
- Requisitioning and approvals direct to your ERP system
- Automated purchase order (PO) creation
- Single-entry order processing
- Electronic invoices direct your system
- Detailed reporting for full cost code management
2
Round Trip
This is the ultimate fully integrated eProcurement solution, closing the electronic loop between your ERP system and Cromwell back-office systems – assuring you of 100% data accuracy. That means you can optimise efficiency and eliminate manual administration costs through greater automation at every stage of procurement. Round Trip includes all the front-end functionality of Punchout, with the addition of:
- Automated purchase order (PO) confirmation
- Enhanced management information and reporting
- Electronic invoice submission and approval
- Electronic payment
Your business
Shopping
Punchout / cromwell.co.uk
Receive Content
Transactions
Purchase Order
Invoice
Payment
Cromwell