Companies that opt for digitized procurement can gain a competitive edge through a stronger customer focus and the necessary agility to satisfy ever more rapidly changing customer requirements.
Procol, a next generation all-in-one procurement software, hosted its first-ever exclusive conference , with an aim to discuss how procurement digitization can facilitate value-based sourcing.
The event featured procurement leaders across industries to discuss competitive advantages of modern-day procurement software over traditional procurement channels.
“Simply put, PROCOL streamlines procurement by digitally organizing it into three stages: sourcing, purchasing, and payables. In light of the market’s technology race and every business’s desire for agile and faster models, Procol offers itself as a cost-effective, user-friendly option”, says Gaurav Baheti, Procol’s CEO.
The company started with one purpose – ‘To optimize procurement.’ When deployed, it analyzes customers’ purchasing activity and creates value through integrated services to reduce associated costs. The smart solution also offers eSourcing to manage sourcing requests and create organized data. Procol’s customized interface allows clients to monitor supplier bids and responses in real-time and create RFPs, RFQs, and RFIs in minutes which helps in cost-saving and increasing supplier engagement.
Attendees at the conference can expect a packed agenda covering themes such as innovation strategies, best procurement practices, and smart frameworks to optimize day-to-day operations.
Procol is India’s one of the fastest growing Startup and funded by Blume Ventures, BEENEXT, Sequoia and Rainmatter
In future, Procol has plans to improve its focus on delivering trust and value to customers in an efficient manner. As a go-to partner for bridging users with new suppliers, the company is expanding its solution suite with a vendor discovery platform wherein procurement teams can discover, assess, and collaborate with pre-evaluated, genuine suppliers across the country.