eProcurement is the electronic method of procuring goods and services. eProcurement systems allow buyers to select and purchase goods and services choosing from system catalogues or supplier websites to create an order before being electronically authorised.
Orders are transmitted to the supplier immediately and once the goods and services are received; a goods receipt is completed by the eProcurement user.
Suppliers send invoices directly to the relevant department for payment, and if purchase order, goods receipt and invoice all match (known as a 3-way match), the invoice will be paid when due.
For more information on eProcurement please contact us.