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SOW-Based Services Procurement

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Services Procurement refers to the strategic outsourcing of people-based services at an enterprise-level contracted as per the Statement of Work (SOW). This “invisible workforce” often accounts for almost one-fifth of the total workforce spend which includes outsourced services like law firms, consultancies, facilities management, accounting, security, and many more.

While most organizations manage the financial aspect, they lack visibility into the service providers and workforce qualifications which often leads to dissatisfying project outcomes. Due to disparate data coming in from different departments, leadership teams are unable to evaluate the impact of external workforce in their organization’s growth and innovation.

Procol’s comprehensive cloud-based procurement solutions help you by addressing every phase of services procurement right from sourcing and onboarding. Powered by smart auction engines, our solutions are designed to connect you with the best pool of credible suppliers and designate the right work to the right resources while unlocking value-driven, measurable outcomes.

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Procol Provides

Illuminate Your External Workforce

Effective services procurement demands clear visibility of the end-to-end process and progress against desired milestones. Leaders can gain transparency into the scope, impact, and spends while proactively managing external workforce and facilitating efficiency.

Procol Provides

Evaluate Performance with Smart Supplier Management

With our innovative vendor management system and customizable dashboards, organizations can control the full spectrum of outsourced vendors from job requisition to performance quality. Procurement teams can also capture and manage vendor details such as quotations, milestones, delivery information, audit reports, and certifications, to negotiate terms and ensure quality of work.

Procol Provides

Mitigate Security Risks and Improve Compliance

Procol’s digital workflows and smart APIs can integrate data from multiple ERP, accounting, and procurement systems, and eliminate any human errors in the process. Procurement teams can also benchmark suppliers based on performance metrics, reduce maverick spending by enabling contract compliance, and cut down the overall supply chain failure risk.

Procol Provides

Digitize Data and Unlock Value

Our robust solution consolidates your procurement data onto an easy-to-use, centralized dashboard to derive data-driven outcomes. This centralized dashboard can be shared across internal teams to keep a track of procurement spends and create a roadmap for services procurement.

Highlights

Cr+

Procurement spend managed

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Suppliers spread all over India

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Average savings offered

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Events conducted across 25+ customers

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Insights from Procol

forbes

“Helps companies make purchases from suppliers who bid for their business in a live online platform”

— Forbes 30 Under 30 Asia
business

“The startup helps food retailers procure inventory online, has clients such as Bikanervala and Big Bazaar.”

— Yuvraj Malik
cpo

“A single platform for sourcing, collaboration, commodity insights; helps businesses save cost and time”

— Editorial Desk

Procol can revolutionize procurements for you.

#CallProcol today to facilitate deployment in <2 weeks and realize savings and operational efficiency from your services spend with a smart solution for managing suppliers, sourcing projects, contracting, and rate management.

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