Procurement software enables businesses to streamline their purchasing processes, enhance efficiency, and gain valuable insights for data-driven decision-making.
They’re used by both SMEs and large enterprises, helping them identify savings opportunities and reduce operational costs.
Estimated at $7.30 billion in 2023, the global procurement software market is projected to grow to $18.28 billion by 2032. What’s more, 83% of CPOs consider digitizing their procurement processes to optimize business operations and ensure a steady flow of the entire supply chain. All this indicates the growing popularity of intelligent procurement platforms and solutions.
And if you’re reading this, you’re likely also considering adopting them. ReVerb has curated a list of the top procurement software in the market that boast advanced features, user-friendly interfaces, extensive customization capabilities, and exceptional scalability, helping users better manage purchasing operations.
Review these leading solutions to find the best fit for your organization’s needs!
Top Procurement Tools For Businesses Of All Sizes
Opstream is one of the best software tools for procurement enabling businesses to customize, edit, and create their processes autonomously. The solution features real-time AI-powered analytics, instruments for direct and indirect procurement, intelligent vendor management, and over 100 useful integrations. Boasting best-in-class UX and clear navigation, it provides finance, IT and security, legal, and procurement teams with unified access to all the data they need.
One of Opstream’s distinctive characteristics is its no-code configuration. Users can autonomously control their processes with a self-serve configuration wizard instead of relying on software developers. The platform is ideal for those who want to achieve significant cost savings, build stronger supplier relationships, and have more control over procurement operations.
Key features of Opstream:
- Direct and indirect procurement
- Intelligent vendor management
- AI-powered reports and analytics in real time
- Self-service procurement
- Intuitive and user-friendly UX with a drag-and-drop interface
- 100+ integrations
- Smart buying rules
- Duplicate purchase prevention
Pricing:
The company doesn’t charge per seat or by organization size. Its pricing takes into account the number of purchase requests and required integrations. To request a quote, please visit the official Opstream website.
ProcurementExpress.com is a leading B2B digital procurement software that helps SMEs take the hassle out of their purchasing processes. Featuring a wide set of automation tools, it enables customers to reduce their workload, cut administrative costs, and minimize human error. The syste, integrates the entire purchasing process into one cloud-based application, offering 100% transparency and control over every step of procurement, from initial request to final approval.
Recognized as the best procurement software by G2 and Capterra, ProcurementExpress.com boasts over 10,000 customers who note the tool’s ease of implementation and convenience of use. It supports over 15 valuable features and 1000+ integrations, allowing users to significantly enhance its functionality. Although highly robust and functional, the tool is reasonably priced, offering four flexible subscription plans.
Key features of ProcurementExpress.com:
- Procurement management
- Supplier management
- Purchasing automation
- Budget tracking
- Comprehensive reporting
- Multi-currency support
- Purchase requests
- Purchase approvals
- Invoice scan and match
- 1000+ integrations
- Mobile app
Pricing:
The tool is available under four pricing plans:
- Basic: $255 per month
- Better: $520 per month
- Best: $1280 per month
- Enterprise: custom pricing
Kissflow Procurement Cloud is one of the best procurement tools that adapts to various business needs and processes. Trusted by 1000+ global leaders, the platform offers extensive functionality, allowing for complete control and clear context of every dollar spent. From strategic sourcing and supplier management to spend analytics and invoice automation—the solution has it all for streamlined and data-driven purchasing.
As one of the top procurement software solutions, Kissflow Procurement Cloud can be characterized by complete flexibility, ease of use, and top-notch customer support. It can transform both small businesses and large enterprises, helping them achieve an operational efficiency boost of up to 40% while reducing direct costs by up to 30%. No wonder the platform has over 1,000,000 users across 160 countries.
Key features of Kissflow Procurement Cloud:
- Procurement management
- Strategic sourcing
- Supplier management
- Contract management
- Inventory management
- Invoice automation
- Spend analytics
- Third-party integrations
Pricing:
Kissflow’s tool suite is available under two subscription plans:
- Basic (limited features): $1500 per month
- Enterprise (all features): custom pricing
GEP SMART is the world-leading S2P solution for direct and indirect procurement. Powered by artificial intelligence, it brings end-to-end functionality for spend management into a cloud-native environment, streamlining purchasing processes. The tool accelerates digital transformation and elevates the performance of financial teams, providing them with everything needed for successful procurement management.
GEP SMART has extensive multilingual capabilities, supporting all major European and Asian languages. Built entirely on Microsoft Azure Cloud, this intelligent procurement platform ensures world-class cybersecurity while eliminating the need for costly IT infrastructure. Thanks to its comprehensive AI-based spend analytics, the tool helps businesses identify savings opportunities, reducing operational costs by 25% to 45%.
Key features of GEP SMART:
- Direct and indirect procurement
- Artificial intelligence
- Strategic sourcing
- Spend analysis
- Savings tracking
- Contract management
- Supplier management
- Procure-to-pay
- Android and iOS app
- Robotic process automation
- Big data analytics
Pricing:
To request a quote, please visit GEP SMART’s official website.
Procurify is one of the most popular procurement software for small business and large enterprise owners. It provides visibility and control over every purchase, helping customers standardize their purchasing activities and create scalable workflows that save time and promote budget discipline. The tool enables companies to control spend across all channels, analyze spend data in real time, and streamline procurement processes to drive operational efficiency.
Trusted by hundreds of companies worldwide, Procurify is managing over $30 billion in spend. It helps customers reduce administrative overheads by millions of dollars while dramatically increasing procurement management efficiency. The platform boasts a proven track record of delivering measurable impact for customers from a variety of industries, including big brands like Asana, Glovo, and Carnegie Science.
Key features of Procurify:
- Procurement management
- Real-time reporting and analytics
- Purchase order management
- Contract management
- Vendor management
- Budget management
- Purchase requests
- Expense requests
- Approvals
Pricing:
Procurify offers custom pricing to every client to fit their organization’s unique needs. To request a quote, please visit its official website.
Procol is the top procurement software aimed to reduce manual procurement tasks, cut operational costs, and give businesses complete control over their spend. Having detailed analytics on board, it has helped hundreds of startups and established enterprises save over $100 million along with 15,000+ man-hours. Its mobile-first approach, seamless integrations, and user-friendly interface give the tool a competitive edge over many paid and free procurement software solutions presented online.
Being one of the best procurement tools in the market, Procol offers a powerful suite of features that can be valuable for a variety of organizations. With its dynamic scalability, it easily adapts to growing companies, accommodating expanding user bases and increasing procurement complexity. It also leverages artificial intelligence, enabling businesses to automate repetitive processes, identify sourcing opportunities, and make data-driven decisions.
Key features of Procol:
- Procurement management
- Strategic sourcing
- Indirect sourcing
- Capex sourcing
- Supplier management
- Intake management
- Approval workflows
- Artificial intelligence
- Reports and analytics
- Third-party integrations
Pricing:
Procol offers custom pricing to every customer. To request a quote, please visit its official website.
Tradogram is all-in-one procurement software for construction, education, healthcare, hospitality, and other industries. It offers full visibility into spend data and budget tracking, three times faster purchasing and approval cycles, and up to 20% cost savings through automation. The platform is fully customizable, allowing every client to tailor it to their unique requirements and seamlessly integrate it with their existing systems.
One of Tradogram’s competitive advantages is that it can be used as free procurement software. Although its free plan is limited to only one user and five transactions per month, it is enough to fully explore the tool and assess its suitability before subscribing to one of the paid plans. What’s more, Tradogram’s free plan has no time limits, unlike most procurement management solutions on the web.
Key features of Tradogram:
- Procurement management
- Strategic sourcing
- Procure-to-pay
- Supplier management
- Administrative purchasing tools
- Operational purchasing tools
- Third-party integrations
Pricing:
Tradogram offers three pricing plans:
- Basic: free, but one user only
- Premium: from $168 per month
- Enterprise: custom pricing
Spendwise is one of the best procurement software helping businesses better manage their spend. It offers 25+ comprehensive reports along with functional features such as receiving management, budget tracking, and expense management, allowing customers to optimize their procurement processes and drive efficiency. The tool is fully transparent and easy to use, which sets it apart from the competition and attracts clients all over the world.
Spendwise’s affordability makes it the perfect procurement software for small business owners. With pricing starting at only $9 a month per user, it stands out as one of the most budget-friendly solutions on our list. Although Spendwise is relatively cheap, its functionality, user interface, and scalability are on par with the leading intelligent procurement platforms in the market.
Key features of Spendwise:
- Procurement management
- 25+ spend reports and analytics
- Receiving management
- Bills and expenses management
- User roles and permissions
- Budget tracking
- Third-party integrations
Pricing:
Spendwise starts at $9 a month per user. The software is available under three subscription plans:
- Basic: up to 5 users and 10 transactions per month
- Pro: up to 50 users and unlimited transactions per month
- Enterprise: unlimited users and transactions per month
To request a quote for one of the plans, please visit the official website.
Precoro is one of the top procurement software solutions that helps companies spend smarter. It features a vast set of tools enabling clients to shift to proactive procurement, identify savings opportunities, customize approval workflows, and oversee suppliers. No more spreadsheets, paperwork, or human errors—the platform allows businesses to centralize the entire purchasing process while minimizing procurement risks.
Being among the best procurement tools, Precoro is trusted by over 1000 global companies across 67 countries and boasts a customer satisfaction rate of 98%. It provides a core solution to a myriad of problems, including error-prone manual processes, poorly maintained records, lack of reporting, and chaotic workflows. The tool’s ease of use, dynamic scalability, and advanced functionality are key factors in its ability to process over $16 billion worth of purchase orders annually.
Key features of Precoro:
- Procurement management
- Supplier management
- Vendor and contract management
- AP automation
- Real-time expense tracking
- Inventory control
- Supplier portal
- Customizable reports
- Automated approvals
- Admin controls and security
- Third-party integrations
Pricing:
Precoro can be accessed through one of the three subscription plans:
- Core: from $249 per month
- Automation: from $999 per month
- Suite: custom pricing
Team Procure is a popular procurement solution enabling businesses to manage their approvals, purchase orders, suppliers, and inventory. With a myriad of valuable features on board, it helps organizations streamline purchasing processes, analyze and optimize spending, and make well-informed decisions. Trusted by hundreds of companies, the platform currently manages over 25 thousand suppliers and 485 warehouses worldwide.
Team Procure caters to both SMB and Enterprise customers across a broad spectrum of industries, from manufacturing and construction to healthcare and education. The tool’s competitive pricing, user-friendly interface, and comprehensive features have established its reputation among a diverse client base, ranging from startups to industry leaders. Among the most notable clients are Burger King, IFOS, and Prime Data Centers.
Key features of Team Procure:
- Procurement management
- Inventory management
- Delivery tracking
- Supplier management
- Purchase orders
- Purchase requests
- Approvals
- RFQ and e-auctions
- Budgeting
- Spend analysis
- Third-party integrations
Pricing:
Team Procure provides a free trial and two subscription plans:
- Procurement Suite: $250 per month
- Enterprise Procurement: custom pricing
Conclusion
These are the top procurement software solutions currently available in the market. They can help you simplify and automate administrative tasks, minimize human error, and, of course, identify savings opportunities. Each of the provided tools boasts rich functionality, a user-friendly interface, extensive customization capabilities, and seamless integrations.
The choice is up to you. We suggest that you thoroughly explore the options and compare their features, pricing options, and customer reviews. It will help you make an informed decision and find the solution that best aligns with your organization’s needs and requirements, driving your business forward.
If you want to feature your procurement software on this list, email us or submit a form in the Top Choices section. After a thorough assessment, we’ll decide whether it’s a valuable addition.
