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• Private/Neutral Marketplaces – E-procurement software enables companies, organizations and government to establish private or neutral marketplaces enabling them to interact electronically with their vendors. • Electronic Procurement – E-procurement capabilities significantly increase efficiencies by streamlining paper flow and reducing time spent generating quotes. • Request for Quotes – Buyers can submit RFQ’s to multiple suppliers in minutes, assuring the best price for products purchased. • Direct Purchases – Buyers can purchase directly from preferred suppliers using direct purchase. • Folder Management – Frequently purchased items, or complex RFQ’s, can be stored to folders for later retrieval. • Tracking and Reporting – Buyers can track all expenditures using the software, resulting in immediate and long term cost savings. • Central Product Database - The purchasing engine, or Quick Select features a central database of hundreds of thousands of product descriptions, providing a standard set of information that both buyers and suppliers understand. • Quick Deployment – Using the central database of product descriptions buyers or suppliers can be up and running on the system within minutes. • Eliminates System Integration – Using the central product database, suppliers indicate which product descriptions they carry, eliminating the costly process of system integration. • Import/Export Utility to Accounting Packages – Accounting departments are able to capture the complete history for the company’s procurement expenditures and import the data into legacy accounting systems. • Creates Electronic Invoices/PO’s – E-procurement software reduces paper flow through the proprietary Master Tracking Document that creates matching invoices and purchase orders electronically. • Accounting Codes – Buyers can easily assign accounting codes to product descriptions on the site, eliminating the costly and time-consuming process of manually assigning codes. • Customer Relations Management – E-procurement software features an easy-to-use system for managing the exchange of important information between buyers and suppliers. This information is always kept with the purchase for future reference. • The Bottom Line – E-procurement can save companies up to 20% on purchasing by streamlining the procurement process.