Digitalize your procurement activities for end-to-end automation and control. ProcurementPath provides a guided and collaborative capability that simplifies the execution of end-to-end procurement, sourcing, contract lifecycle management, purchasing, payment, and vendor management.
Procurement users can manage the full lifecycle of sourcing, contracting, and purchasing activities. The procurement team keeps requests and activities on track using web or mobile-based portals where requests, tasks, approvals, contacts, key dates, and relevant documents are just a click away. Procurement focused experience, workflow and dashboards keep users focused on relevant tasks, milestones, reporting, and full procurement and contract lifecycle management. Additionally, enable end users and partners with self-service interface to submit requests for purchases, confirm delivery/receipt, and manage invoice reconciliation with the ease of one-stop online shopping.
Built on the best-in-class ServiceNow platform, ProcurementPath streamlines procurement and purchasing using workflow and data to drive flexible, mobile and cloud-based self-service and automation.
Organizational benefits from digitalized procurement include:
Customers have seen real results through sourcing and procurement automation including:
Request purchase order, requisition, sourcing and other procurement services using a web-based, mobile-ready portal and a guided request process. Enable users to track status of requests.
Manage the end-to-end procurement process and supporting activities; enable collaboration with stakeholders and participants on all procurement activities and processes.
Perform supplier market research, manage sources sought, information and RFP responses. Perform and document formal source selection evaluations against defined requirements and evaluation criteria.
Manage the lifecycle of supplier contracts, including awards, optional periods, expiration and contract spend for current, completed and expired tasks. Manage contract elements including clauses and terms and conditions.
Use guided workflows to streamline the request, approval, purchasing, receiving, and payment activities. Generate and transmit purchase orders, goods/services receipt and payment approval.
Automate the three-way match between contract/purchase order, goods/services receipt and vendor invoicing, making it easy for payroll, accounts payable and the recipient to coordinate on invoicing activities.
Manage the vendor lifecycle from onboarding through execution. Track vendor on-boarding, product/service authorizations, preferred vendor designation, compliance and incident management in a centralized place.
Intuitive user experience allowing procurement users, internal customers, vendors and/or partners with little or no training to search shopping lists, browse categories, manage profiles and do what they need quickly.
Manage important / key dates, upcoming contract or procurement expirations, and forecast future period sourcing, contracting, and procurement needs.
Facilitate continual execution and individual/group-based accountability for task activities and approvals.
Streamline role-specific review and approval workflows with specific review or approval requests and portfolio views of all current and historical work.
Manage current and archival records of procurement requirements, selection activities, contracts and supporting documents.
Integrate seamlessly with ServiceNow Vendor Performance Management to cut costs, alleviate risks, and drive continuous improvement.
Integrate seamlessly with ServiceNow Vendor Risk Management manage risks and prevent unwanted disruption to your business.
Our platform includes modern and mobile features for Task Management Knowledge Management, Workforce / Skills Management, Surveys, Assessments, and more.
ProcurementPath can integrate seamlessly with your ERP to enable cross-system automation and data integration to centralize procurement and sourcing operations.