eProcurement

What is eProcurement?
An eProcurement solution is a seamless electronic connection between your company and a supplier to help you find products, place orders, receive invoices and make payments easily and efficiently.

We offer all-inclusive solutions to meet your business needs, which include:

• Punchout Catalog - By utilizing the World Electric Punchout Catalog, you can have access to the most up-to-date product and pricing information from World Electric. You will no longer need to call someone to determine your price or find out if an item is in stock. Our real-time pricing and product availability features help save you time in the shopping process. In addition, you will have access to a significant amount of technical product information, product images, videos, MSDS sheets, and other great tools to help you find the products you need, when you need them. You can also view and convert existing quotes.
• Automation of Transactions - World Electric integrates with your procurement system to help automate quote, order and invoice transactions and minimize manual intervention. We support a vast number of formats which include but not limited to EDI, XML, and email.

What are the benefits?
Whether you have eProcurement software or an Enterprise Resource Planning (ERP) system, World Electric can help you reduce requisition-to-order costs and increasing your invoice-to-purchase order matching. We offer all-inclusive solutions to meet your business needs.

Automating your procurement process can help reduce errors, lower your costs, and provide control and visibility to the products you are buying. It can also help you reduce paper transactions, control unauthorized spend, expedite the approval process, and reduce delivery and payment cycle times.

How does it work?

Is this right for you?
First you need to determine if you have the appropriate software to integrate your purchasing process with a supplier. Systems like SAP, Oracle, and Peoplesoft provide modules specifically designed to manage your spend. In addition, your organization may utilize a procurement network or marketplace like Ariba, Coupa, Jaggaer or several others. World Electric currently connects with more than 100 platforms and marketplace providers.

Listed below are some of the many eProcurement applications we integrate with, serving various industries.

How do I get set up?
To learn more about World Electric's eProcurement solutions, please contact your sales representative. Your World Electric sales representative will initiate a discovery process while working with a Digital Solutions Manager to determine the best solution for your procurement needs.