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.

Get Instant Access to a ProcurementPath Trial

QUICK LINKS

PROCUREMENTPATH

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

Keep procurement activities on track using a consumer-like experience to increase Procurement productivity. Requests, projects, tasks, approvals, key dates, contacts, and information are just a click away. ProcurementPath provides a procurement tailored experience, workflows, and reporting to automate procurement from everywhere.

Try ProcurementPath for free in the ServiceNow Store

Try Now

BENEFITS TO YOUR ORGANIZATION

Organizational benefits from digitalized procurement include:

  • Streamline and automate sourcing, contracting, and purchasing
  • Accelerate procurement timelines using guided workflows, task management, and notifications
  • Full visibility into contract and procurement activities, timelines, and key dates and events
  • Enforce process governance and track end-to-end compliance
  • Track spend by vendor, contract and category
  • Self-service for customers and vendors for activity tracking, request automation and profile management
  • Ensure vendor compliance with real-time tasking and reporting
  • Reduce poor communication and miscommunication that extend timelines and result in suboptimal results

PROCUREMENTPATH FEATURES

Everything we can do with ServiceNow

forecasting and demand management

Forecasting / future demand

FORECASTING & DEMAND MANAGEMENT

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

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.

Self-Service Procurement

Track procurement activities through a centralized dashboard

Self-Service Procurement

Self service procurement request

AUTOMATED SOURCING PLANNING & MANAGEMENT

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

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.

refining procurement request records

Procurement can refine the request record

Vendors can submit responses online

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.

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.

Vendor Response Record

Vendor response record

Procurement Path Evaluation Record

Evaluation record

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.

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.

Self-Service Procurement

Contact request

managing purchase orders

Manage purchase orders

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.

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. 

forecasting and demand management

Forecasting / future demand

Vendor Response Record

Vendor response record

VENDOR ONBOARDING AND MANAGEMENT

ProcurementPath can manage all 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 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.

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

Self service procurement request

refining procurement request records

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.

request management and tracking

Track procurement activities through a centralized dashboard

managing purchase orders

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 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
Fully integrates with ServiceNow Vendor Risk Management
Fully integrates with ServiceNow Vendor Performance Management
FULLY MOBILE
Fully mobile user experience is responsive and works across web browsers, phones, tables, and more
DASHBOARDS & REPORTING
Dashboards and reports provide key information, insights and reporting
KNOWLEDGE & SKILLS MANAGEMENT
Manage the procurement department skills and knowledge in a centralized repository
ERP INTEGRATION
Fully integrates with your ERP and other major systems.

Want to learn more about ProcurementPath?

Contact Us