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Online Procurement VS FactWise.io

Compare Online Procurement VS FactWise.io and see what are their differences

Online Procurement logo Online Procurement

Achieve effective procurement transformation with Online Procurement, the easy-to-use software solution that streamlines and optimizes purchasing and supplier management processes through automation and advanced analytics.

FactWise.io logo FactWise.io

FactWise S2P optimizes procurement for product manufacturing companies globally. The platform provides transparency and insights to leaders, automates processes to improve efficiency, and drives bottom-line impact by unlocking savings potential.
  • Online Procurement Landing page
    Landing page //
    2023-02-07

Online Procurement is the flexible, easy-to-use e-procurement suite for managing suppliers and streamlining corporate purchasing processes. The platform's modules enable you to simplify order management, gain real-time control over spend, plan purchases strategically, select and manage suppliers more efficiently, create and archive contracts, evaluate performance and align with suppliers on ESG goals, monitor invoices and payments, and mitigate risk through greater standardization of processes and contracts. Online Procurement modules are on-demand and fully integrated with enterprise management systems such as ERPs. The platform is delivered in SaaS mode, ensuring the highest level of information protection, certified by international standards including ISO 9001 and ISO 27001. High-level SLAs and guaranteed 99.996% uptime. No IT resources are required on your end.

Key Features: - Custom supplier onboarding and qualification - Efficient supplier collaboration - Quick and easy supplier sourcing - Supplier performance and ESG scorecards - Create sourcing events and compare proposals - Multiple negotiation and award types available - Buy from a customized e-catalog - Compliant contract management - Monitor spending in real-time - Strategic budgeting aligned with business goals - Streamline the payment approval process - Risk management and mitigation - ERP software integration available

  • FactWise.io Landing page
    Landing page //
    2023-08-17

Our singular focus is to create a truly distinctive procurement platform that delights users and provides sustainable positive impact to the organizations we serve. We achieve this by providing transparency and insights to leaders, streamlining and automating processes to improve efficiency, and driving bottom-line impact by unlocking savings potential.
FactWise S2P is modular, and accounts for batch production, goods receival workflows and quality checks. Our current users find it very intuitive and efficient (create Rfxs <1min) and love the dynamic and historic insights into supplier performance it offers. Teams can start using FactWise with their data immediately, and if required, we can seamlessly integrate with ERP or other systems within the month. We are committed to generating win-win outcomes for buyers and suppliers globally.

FactWise serves global product manufacturing companies and private equities.

Online Procurement features and specs

  • Supplier Management: Yes
  • e-Sourcing: Yes
  • e-Catalog: Yes
  • Strategic Purchasing: Yes
  • Content Management: Yes
  • Invoice Management: Yes
  • ERP Integration: Yes
  • Purchase Requests: Yes
  • Purchase Orders: Yes
  • Approval Workflow: Yes
  • Budget Management: Yes
  • Reporting: Yes
  • Spend Management: Yes

FactWise.io features and specs

  • Smart Supplier Recommendations: Obtain holistic supplier performance metrics and discover diverse, verified suppliers to negotiate win-win outcomes.
  • Customized Analytics : Receive dynamic and historic insights in a visually rich interface with graphs, heat maps and more, and customize your reports with just a few clicks.
  • Effortless RfX Creation : Create RfX in less than a minute with minimized dependence on Excel and receive smart warnings for concerns such as item duplication, price discrepancies.
  • AI Powered Negotiations : Optimize your TCO, negotiate with just 3 clicks, and quickly identify the most suitable vendor using smart filters and historic vendor performance data.
  • End-to-End Goods : Perform goods receival in less than a minute, perform unlimited quality checks, and update stakeholders with ease.
  • Seamless Payments : Automate three way matching to reduce errors, maximize DPO with smart notifications indicating due payments, and ensure you never overpay on purchase orders.

Online Procurement videos

Online Procurement | Procurement Software for Suppliers and Spend Management

FactWise.io videos

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Category Popularity

0-100% (relative to Online Procurement and FactWise.io)
Procurement
74 74%
26% 26
Procurement And Purchasing
Procurement Management
100 100%
0% 0
Accounting
0 0%
100% 100

Questions and Answers

As answered by people managing Online Procurement and FactWise.io.

How would you describe your primary audience?

Online Procurement's answer

Purchasing managers, procurement officers, CPO, buyers, category managers

Who are some of the biggest customers of your product?

Online Procurement's answer

JSW Italy Ecogest Dussmann

User comments

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What are some alternatives?

When comparing Online Procurement and FactWise.io, you can also consider the following products

Procoto - Procurement software for SMB

Zumen - Zumen's Source-to-Pay solution redefines procurement processes with a data-driven and strategic approach.

Sastrify - Sastrify is a leading SaaS Spend Management and Procurement Software. We discover, manage your SaaS licenses and negotiate the best prices on the market saving you 30% or more on your SaaS Stack.

Zycus Procure-to-Pay Solution - Zycus' Next Generation Procure-to-Pay Solution acts as a GPS for your P2P process. The P2P solution provides: Easy-to-use: Amazon-like shopping interface & Google-type search engine + Guided buying.

Current SCM - Procurement & materials management software

DOKKA.com - The Future has Arrived: Accounting Process Automation