EQUITY AVALIBLE- SaaS Cloud e-Procurement Software

Aim

Disruptive SaaS cloud based e-Procurement software. Helping companies manage their spend, request, track, and approve company purchases.

An e-procurement Saas cloud start up. The business is weeks away from being launched and consists of nine modules under one platform to enable companies to automate their procurement processes, manage spend and minimize risk. Order, track and manage spend from all your departments and employees under one easy to use tool as well as automated analytics, reporting suites and managing your contracts and budgets to ensure compliance and increase savings.

The modules include

Spend Analysis

Budget Management

Contract Management

Order and Approvals

RFQ/RFP

AutomationReporting suite

Ad-hoc reporting suite

E-catalogues (Amazon, Office Depot, Staples etc) Supplier Evaluation

$5 Billion Market in 2016$9 Billion Market forecast by 2023 (Source- NBC)

e-Procurement tools are becoming ever more popular within organisations as they move away from boring timesheets and excel graphs.

On the market currently there are e-Procurement tools which typically offer 1-3 modules under one site. Spend 365 brings together 9 essential modules needed to automate procurement processes at the most competitive price on the web.

Rough Competitor Pricing

1 Module - £100-500 PCM (Plus per user charge)3 Modules - £300- 1000 PCM (Plus per user charge)8-9 Modules - £2000-10000 PCM (Plus annual licence fee of up to £1000 per user)

Spend 365 Pricing - (Up to 9 modules)

£199-£799 PCM (Depending on amount of modules) + £5 per user

This project closed unsuccessfully on 15th May 2018