Simplify Sourcing Contracts, Management, and Procurement with ProcurementPath

ProcurementPath provides an intuitive, easy-to-use system with guided workflows to enable self-service, automate procurement processes and action items, and provide end-to-end visibility. All to decrease the time to purchase and increase your organization’s efficiency and user satisfaction.

Intuitive, Easy-to-Use System With Guided Workflows

ProcurementPath decreases the time to purchase and increases your organization’s efficiency and user satisfaction, enabling:

  • Self-service
  • Automate procurement processes and action items
  • Provide end-to-end visibility

ProcurementPath provides a modern platform to digitalize your end-to-end procurement activities, including:

  • Sourcing
  • Contract Lifecycle management
  • Procurement
  • Purchasing
  • Payment Approvals
  • Vendor Management
  • Category and Spend Management
  • cXML PunchOut
Get in touch

Automate Procurement From Everywhere

Keep procurement activities on track using a consumer-like experience to increase Procurement productivity.

Requests, projects, tasks, approvals, key dates, contracts, and information are just a click away.

ProcurementPath provides a procurement tailored experience, workflows, and reporting to automate procurement from everywhere.

Brands that Trust Us

See What Our Clients Say

Try ProcurementPath For Free In The ServiceNow Store

Organizational Benefits From Digitized Procurement

ProcurementPath Features

Everything We Can Do With ServiceNow

Procurement Management

Vendor Management

Source-to-Cash

Procurement Management

Forecasting & Demand Management

Forecast and track future procurement needs, key procurement activities, and the key contract or procurement dates/expirations. Collaborative forecasting with internal organizations for future period sourcing, contracting, and procurement needs allow procurement to better shape customer demand and provide best-in-class service.

Forecasting / future demand

Vendor Management

Track procurement activities through a centralized dashboard

Digital Procurement Request Management And Tracking

Enable procurement and users to track end-to-end request status with self-service request management for sourcing, purchase orders, requisitions, and other procurement services. Our web-based, mobile-ready portal and a guided request process make it easy.

Automated Sourcing Planning & Management

Source planning allows procurement to define the sourcing strategy, document requirements, collaborate with key stakeholders, and identify/solicit vendors.

Self service procurement request

Procurement can refine the request record

Procurement can define the category and scope of work to include the required approvals and reviews for the sourcing request process. Vendors can be organized by groups to help support your sourcing needs, such as differentiating between facilities and technology vendors.

Electronic Rfx & Vendor Bid Management

ProcurementPath allows you to define vendor solicitation response requirements and evaluation criteria, so you can fully automate the evaluation and selection process. The portal allows you to automatically request vendor bids from approved vendors. As vendors upload their responses, you can see the status such as no-bid, in progress, or submitted for review.

Vendors can submit responses online

Vendor response record

Vendor Bid/Proposal Evaluation And Selection

With ProcurementPath you can manage and evaluate the responses in a single place. Evaluation allows the procurement team to rate responses against the requirements and against each other, to make the best value or lowest cost award decisions.

Evaluation members can rate vendor responses to help you determine offer ratings. Evaluation factors are user-definable and can include solution, technical approach, quality, conformance, compliance, past performance, and risk. Compare evaluations to determine which vendor provides the best value to your organization. Once a vendor is identified, you can automate the process of contract award to the winning vendor.

Evaluation record

Contact request

Contract Lifecycle Management

Use ProcurementPath to manage the full contract lifecycle from the request, negotiation an award to tracking, reporting, and closeout. Proactively manage all aspects of your contracts including modifications, spend, clauses, terms and conditions, option periods, upcoming expirations, compliance, and other contract documentation.

Fully Procure-To-Pay Automation

Automate the end-to-end procurement process including purchase request & approvals, purchase order (PO) creation and submission, PO acceptance and goods/services receipt, invoice recording, 3-way match, and supplier payment approvals.

Manage purchase orders

Forecasting / future demand

Forecasting & Demand Management

Forecast and track future procurement needs, key procurement activities, and key contract or procurement dates/expirations. Better shape customer demand and provide best-in-class service by collaborating with internal organizations to forecast period sourcing, contracting, and procurement needs.

Vendor Onboarding And Management

ProcurementPath can manage all of your vendors seamlessly in one system. Automate vendor onboarding and compliance through partial/full vendor service. Create an online solution for vendor collaboration to manage the company and individual contact information, proposals, contracts, communications, and tasks. You can also manage any compliance requirements and vendor issues, such as defective products or poor service delivery.

Vendor response record

Source-to-Cash

Sourcing

Source planning allows procurement to define the sourcing, collaborate with key stakeholders, document requirements, and identify/solicit vendors as well as other identifiers.

Self service procurement request

Procurement can refine the request record

Procurement can define the category and scope of work to include the required approvals and reviews for the sourcing request process. Vendors can be organized by groups to help support your sourcing needs, such as differentiating between facilities and technology vendors.

Request Management And Tracking

Enable procurement and users to track end-to-end request status with self-service request management for sourcing, purchase orders, requisitions, and other procurement services. Our web-based, mobile-ready portal and a guided request process make it easy..

Track procurement activities through a centralized dashboard

Manage purchase orders

Procure-to-Pay Automation

Automate the end-to-end procurement process from purchase request & approvals, purchase order (PO) creation and submission, PO acceptance and goods/services receipt, invoice recording, 3-way match, and supplier payment approvals.

Additional ProcurementPath Capabilities

Self-Service

Put your user in control of their procurement experience with intuitive self-service capability

Workflow & Task Management

Assign and automate workflow and taskers to drive accountability

ERP Integration

Fully integrates with your ERP and other major systems.

Dashboards & Reporting

Dashboards and reports provide key information, insights and reporting

Fully Mobile

Fully mobile user experience is responsive and works across web browsers, phones, tables, and more

Knowledge & Skills Management

Manage the procurement department skills and knowledge in a centralized repository

ServiceNow Vendor Performance Management

Fully integrates with ServiceNow Vendor Performance Management

ServiceNow Vendor Risk Management

Fully integrates with ServiceNow Vendor Risk Management

Want to learn more about ProcurementPath?