Levvel Research

A Buyer’s Guide to Procurement Automation Software

One of the most important decisions an organization makes for procurement is to choose the right partner for automation. Those who take time to evaluate both potential software providers and their current procurement process could continue with business as usual seamlessly even in the face of disruption and uncertainty.

Procurement Insight Report: A Buyer’s Guide to Procurement Automation Software

Procurement’s success depends to a large part on the digital tools they use

Read the 2021 Levvel Procurement Insight Report and learn how to:

  • Modernize procurement processes to increase efficiency
  • Evaluate leading software tools to ensure they meet your company's unique needs
  • Assess eProcurement technology using a step-by-step guide.
Download the Report Now

Procurement adjustments to the "new" part of the new normal after the pandemic have slowly dulled. Now, with the business world returning to business as usual, one question emerges: what now? After one of the most disruptive crises in modern history, it remains to be seen what parts of the pre-pandemic world will return and which will be eliminated.

One trend the pandemic accelerated was the separation of leading tools. In the past, most organizations adopting a tool were coming from a fully manual or spreadsheet-based procurement environment. Now, many are shifting from a homegrown, ERP-based, or even third-party, cloud-based tool. More organizations are realizing that not all tools are created equally. Every software provider that claims to do eProcurement does not offer the same functionality or set of features. Learn to identify the best tools from the feedback of over 300 professionals in the Levvel Procurement Insights Report.

To improve their back-office operations, many organizations are trying to automate more tactical tasks, digitize their processes, improve communication and visibility, strengthen tech security, and use more analytics over the next year
Levvel Procurement Insight Report

FAQ

What are a few of the questions that the Levvel Procurement Insight Report answers?

The Levvel Procurement Insight Report provides the primary takeaways from a survey of over 300 procurement professionals. They also summarize the primary procurement employee tasks across the organizations surveyed, the structure of procurement departments, the top issues and challenges that procurement executives face, and how they are prioritizing initiatives relating to back office and business process improvements. Furthermore, the report lists the top goals procurement executives have when it comes to managing their suppliers, their primary methods for placing orders with suppliers, and the benefits that they are finding from the use of procurement software. The report also details the primary barriers that procurement leaders have found when attempting to adopt a third-party procurement solution, and it gauges their interest in eProcurement software, as well as their most probable adoption timeline.

Who did Levvel Research survey for this report?

For this report, Levvel Research surveyed over 300 professionals involved in or with knowledge of their organizational procurement process. The study consists of respondents from all seniority levels, including team members, analysts, middle managers, and executives, as well as all sizes and industries. Sample sizes vary across this report, due to logic that dictated which questions respondents were asked.

What types of procurement software do the survey respondents use?

The majority of procurement respondents (40%) use a third-party procurement automation software tool, while 29% use an ERP-based tool, 18% use non-procurement specific software, 10% use a homegrown tool, and 4% manage procurement manually without a software tool.