Acturent
Acturent is a software platform for procurement and supply management. It provides solutions for sourcing, contracts, procurement, invoicing, supplier management, and spend analysis. The software aims to optimize procurement processes and spending.
Acturent: Procurement and Supply Management Software
Acturent is a software platform for procurement and supply management. It provides solutions for sourcing, contracts, procurement, invoicing, supplier management, and spend analysis. The software aims to optimize procurement processes and spending.
What is Acturent?
Acturent is a comprehensive cloud-based software solution designed for procurement and supply chain management. The platform provides a variety of tools to manage the full procurement lifecycle, from sourcing to contracts, purchasing, invoicing, supplier management, and spend analysis.
Key features of Acturent include:
- Strategic sourcing - Create RFx and manage the full bid process with suppliers
- Contracts - Centralize contract creation, approvals workflow, and ongoing management
- Procure-to-pay - Raise purchase requisitions, issue purchase orders, receive goods, invoice and pay suppliers
- Supplier management - Onboard and manage supplier master data and performance
- Spend analysis - Gain visibility into spending through analytics and reporting
Acturent employs AI and machine learning to provide intelligent recommendations for optimization of procurement activities. The software integrates seamlessly with major ERPs. It delivers a user-friendly interface and is accessible on desktop and mobile devices.
Ideal for mid-size to large enterprises, Acturent serves industries like manufacturing, retail, healthcare, financial services, and more. It aims to automate procurement workflows, enforce compliance, reduce maverick spend, and deliver bottom-line savings.
Acturent Features
Features
- Sourcing and tendering
- Contract management
- Procurement
- Invoicing
- Supplier management
- Spend analysis
Pricing
- Subscription-Based
Pros
Streamlines procurement processes
Increases visibility into spending
Automates workflows
Integrates with ERP systems
Provides analytics and reporting
Cons
Can be complex to implement
Requires training for users
Limited flexibility in some areas
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