ProcurePort Combines Its e-Sourcing Platform with a P2P Software, Delivering

a Comprehensive Cloud Hosted Source-to-Pay Platform

ProcurePort, a leading provider of On Demand E-Sourcing Software including Reverse Auction

Software and services, is embracing 2017 as a banner year thanks to the growing acceptance of
E-Sourcing as a way to dramatically cut purchasing costs and streamline procurement. To continue
with this growth momentum, ProcurePort is launching a cloud hosted Procure-to-Pay Software
(P2P) fully integrated with its E-Sourcing suite to deliver a comprehensive Source-to-Pay Platform.

Indianapolis, IN, July 10, 2017 --(PR.com)-- The new integrated ProcurePort Source-to-Pay (S2P)
platform will support enterprise processes relating to the purchase of direct and indirect goods and
services. Most common business processes that can be automated with the ProcurePort Source-to-Pay
(S2P) platform include bid solicitation (including reverse auctions), supplier management, catalog &
inventory management, requisitioning, receiving, inbound invoice processing and payment, contract
management and contract compliance.

ProurePort's zero footprint cloud based platform has been proven at the enterprise level since 2001. It is
easy to use and easy to integrate with any 3rd party ERP suite; delivering the right tools to get the job
done.

Send Analysis Software + Service: Unlike other sourcing platforms, ProcurePort combines automated
solutions with human intellect to give an organization accurate categories, comprehensive data and true
visibility into purchasing trends.

Strategic Sourcing Suite: ProcurePort empowers an organization to generate cost savings and reduce
sourcing cycle time by leveraging its comprehensive e-sourcing toolkit, allowing for streamlining the
RFP, RFI and RFQ process, resulting in better supplier agreements.

Procure-To-Pay Suite: Simplicity is not just a buzz word, it is the way that organizations can achieve user
adoption and prevent maverick purchases by implementing the ProcurePort P2P Software. ProcurePort
offers a full suite of tools to streamline the entire source-to-pay process, in a format that anyone can learn
and everyone will love.

According to Gartner, by 2019, expanding adoption of e-invoicing, e-sourcing and supplier information
management technology will result in a tenfold increase in digital B2B interactions.

By 2020, over 70% of spending on procurement and sourcing technology will be for cloud delivered
solutions.

Because ProcurePort' s Web-based E-Sourcing and Spend Management solutions do not require
expensive and time-consuming setup or integration, many of ProcurePort' s customers realize a return on
their investment immediately after their first sourcing event. This on-demand model is much more
affordable than other alternatives and allows mid-sized businesses to benefit from the same online

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procurement technology that was previously only available to large corporations, explains Smith. The
rapid return on investment delivered through E-Sourcing and Spend Management technology is one of the
major reasons ProcurePort predicts that the strategic sourcing market will grow significantly over the next
decade.

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Contact Information:
ProcurePort
Jack Smith
866-643-8153
Contact via Email
www.procureport.com

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/722768

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