Unlock the power of strategic sourcing

From supplier due diligence to bid evaluation and auctions, sourcing pro simplifies your sourcing process, reduces turnaround time, and drives significant cost savings.

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Simplify your sourcing process from end to end, and everything in between

Leverage tailor-made RFx templates, intelligent eAuctions, and approval workflows to run your sourcing events faster and smarter – without any back and forth.

Strategic Sourcing

Bring efficiencies across all spend categories with data-driven sourcing and RFx.

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Strategic Sourcing

Indirect Sourcing

Effortlessly control indirect and tail spend. Harness efficiency for low-value, high-volume purchases.

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Indirect Sourcing

Workflows and Templates

Customizable, multi-level approval flows to close loops quickly

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Workflows and Templates

Why choose Procol Sourcing Pro?

Historically, sourcing tools have been challenged by complex user-interfaces, high costs, poor change management, and integration issues – besides complicated and error-prone workflows involving sensitive data. Procol addresses these challenges with ease.

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Autonomous sourcing

Procol automates sourcing processes for all your spend categories, ensuring efficient and faster sourcing.

User-friendly interface

Experience ease-of-use with Procol's intuitive and streamlined interface, designed for all skill levels.

Fastest to get ROI

Achieve rapid return on investment with Procol's efficient implementation and immediate cost-saving results.

Collaborate with all stakeholders in a single place

Effortlessly integrate project teams, category specialists, and technical experts for informed and collaborative sourcing decisions.

Why choose Procol Sourcing Pro?

Historically, sourcing tools have been challenged by complex user-interfaces, high costs, poor change management, and integration issues – besides complicated and error-prone workflows involving sensitive data. Procol addresses these challenges with ease.

Autonomous sourcing

Procol automates sourcing processes for all your spend categories, ensuring efficient and faster sourcing.

User-friendly interface

Experience ease-of-use with Procol's intuitive and streamlined interface, designed for all skill levels.

Fastest to get ROI

Achieve rapid return on investment with Procol's efficient implementation and immediate cost-saving results.

Collaborate with all stakeholders in a single place

Effortlessly integrate project teams, category specialists, and technical experts for informed and collaborative sourcing decisions.

Autonomous sourcing

Procol automates sourcing processes for all your spend categories, ensuring efficient and faster sourcing.

User-friendly interface

Experience ease-of-use with Procol's intuitive and streamlined interface, designed for all skill levels.

Fastest to get ROI

Achieve rapid return on investment with Procol's efficient implementation and immediate cost-saving results.

Collaborate with all stakeholders in a single place

Effortlessly integrate project teams, category specialists, and technical experts for informed and collaborative sourcing decisions.

Recognized by leaders. Loved by customers.

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$0M+

Savings delivered

0K+

Supplier registered globally

0K+

Man hours saved

Procol’s procurement suite is leader in 9 procurement management categories

Listen to what our customers have to say about our procurement tool

signature-global

Cuts procurement cycle time by 30-40% with Procol

quippo

Achieves 20% cost savings with Procol

pulcra-chemicals

Brings automation and transparency to procurement process with Procol

emami-white

Acheve 20% cost daving with procol

Master the Art of ProcureTech: Insights from Joel on ProcureCast!

Procurement Challenges, Strategies, and Digital Transformation | Peter Sharoff & Gaurav Baheti

Procurement Industry Challenges, Learnings, and Digitisation | Ash Shetty, CPO

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Discover the competitive advantages of Procol

Take your business farther, faster

Mobile first 

ensuring higher adoption and utmost convenience

Mobile First

AI capabilities with unique algorithms

for accurate predictions and results

AI Capabilities with unique algorithms

Advanced analytics & detailed reporting

for informed decision making

Advanced analytics & detailed reporting

Frequently Asked Questions

In case you missed something

  • What is a procurement system?

    A procurement system is a software solution that is designed to streamline and automate the entire process of acquiring goods and services for any organization. It goes beyond just purchasing items and acts as a central hub for managing all your procurement activities. Procol is a leading procurement system that offers a comprehensive suite of features replete with AI to address all your sourcing and procurement needs.

  • What are the 4 types of procurement?

    There are four main types of procurement. Each one of them focuses on different aspects of acquiring goods and services for an organization:

    • Direct Procurement: Direct procurement is the process of acquiring goods/services that a company needs to make its end product. It includes purchasing raw materials such as metal, fabric, plastic, and paper that go straight to the end customers after production. It can also include software for a software company and direct labor costs for a service-based business.
    • Indirect Procurement: Indirect procurement refers to the acquisition of non-essential services or inputs that aren’t directly utilized in producing a company’s end product but are necessary to support its day-to-day operations. It comprises administrative materials such as office supplies, internal development services such as employee training programs, or equipment upkeep such as software updates vital to maintaining operational efficiency.
    • Goods Procurement: Goods procurement refers to the process of acquiring goods and services that an organization needs from external vendors. It encompasses everything from identifying needs, sourcing suppliers, and negotiating contracts, to receiving and paying for the acquired items
    • Services Procurement: Services procurement is the process of procuring people-based services. Depending on the organization’s needs, it involves employing individual contractors, labor, law firms, or on-site security services. In service procurement, one has to deal with service providers who deliver people-based services. This procurement type is often project-based, relies on a statement of work (SOW), and may include both direct purchase and indirect purchase.
  • Which software is used in procurement?

    A wide variety of software options are used in procurement, depending on the specific needs of a business. Software like Procol offers all-in-one solutions designed to manage the entire procurement lifecycle, right from identifying needs and sourcing suppliers to managing contracts and analyzing spending patterns.

  • What is a procurement platform?

    A procurement platform is an integrated software solution or an online marketplace that acts as a central hub for all your procurement activities. It streamlines and automates various stages of the procurement process, right from identifying needs and sourcing suppliers to managing contracts and analyzing spending patterns. Procol is a leading procurement platform that offers a comprehensive suite of features replete with AI to address all your sourcing and procurement needs.

  • Which procurement software is best?

    Procol has the best procurement software with its comprehensive platform, offering a powerful suite of features that can be valuable for a variety of organizations. With its user-friendly interface, Procol adapts to the needs of growing companies, accommodating expanding user bases and increasing procurement complexity. It also leverages AI technologies for tasks like automating repetitive processes, identifying sourcing opportunities, and providing data-driven insights.

  • Is SAP a procurement system?

    While SAP isn’t exclusively a procurement system, the likes of Procol are specifically designed for procurement activities.

  • Is ERP a procurement software?

    ERP stands for Enterprise Resource Planning. While ERP systems often include a procurement module, they are not specifically designed for procurement. Which is why the likes of Procol are specifically designed for efficient procurement activities.

  • What is a procurement tool?

    A procurement tool is a software designed to simplify and automate specific tasks associated with the procurement process. These tools offer valuable benefits for organizations of all sizes. Increased efficiency, improved accuracy, and enhanced collaboration are some ways procurement tools can streamline your sourcing and purchasing activities. Procol is a classic example of a software company offering a set of powerful procurement tools.

  • What is a procurement software?

    Procurement software is designed to streamline and automate the entire process of acquiring goods and services for an organization. It goes beyond simple point solutions or tools, offering a central hub to manage all your procurement activities from start to finish. Procol is one such software that stands out as a comprehensive procurement software platform offering a powerful suite of features to address all sourcing and procurement needs.

  • What are e-procurement tools?

    E-procurement tools are nothing but web-based applications that automate and streamline specific tasks within the procurement process. These tools leverage the internet to improve efficiency, accuracy, and collaboration throughout the sourcing and purchasing cycle. Though there are various standalone e-procurement tools available in the market, Procol is a perfect fit for those organizations requiring a comprehensive solution that integrates various e-procurement functionalities.

Still have questions?

Can't find the answer you're looking for? Please chat to out friendly team.

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