Stave ProcurementPath is an all-in-one Procurement suite to automate sourcing, procurement, purchasing, and contracts department operations and management.
Key capabilities include:
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Sourcing and Procurement Management
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Procurement Requisition and Approval (eProcurement)
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Source Selection and Bid Management
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Contract Lifecycle Management
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Purchase Order Creation and Approval
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Payment Management including invoice receipt, approval, and payment tracking
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Supplier and Vendor Onboarding, Performance, Issue, and Lifecycle Management
Benefits include:
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Streamline and automate sourcing, contracting, and purchasing
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Accelerate procurement activities using guided workflows, task management, and notifications
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Full visibility into contract and procurement activities, timelines, and key dates and events
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Enforce process governance and track end-to-end compliance
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Track spending by vendor, contract and category
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Self-service for Users and Vendors for activity tracking, request automation and profile management
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Ensure vendor compliance and reporting
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Reduce poor communication and miscommunication that extend timelines and result in dissatisfied customers
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Increase productivity for procurement users through the automation of repetitive, minimal business impact tasks
Procurement Lifecycle Management
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Digital procurement suite that provides end-to-end self-service, automation, and tracking for all procurement users, including the procurement team, users, and vendors to collaboratively manage and interact on all aspects of the procurement lifecycle.
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Full automation of the procure-to-pay / source-to-settle process.
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Procurement self-service that is fully mobile for a consumerized purchasing and tracking experience
Strategic Sourcing
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Category and spend management
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Sourcing and Procurement planning
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Market research management
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eProcurement RFx publishing and Vendor submission
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Small Business / MBE supplier management
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Evaluation and Sourcing management
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Preferred Vendor Management
Contract Management
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Contract Award Management
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Current and Expiring contract management and tracking
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Award and Option Period management
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Terms & Conditions and Clause management
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Contract Spend management
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Contract documentation and artifact management
Procure-to-Pay
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Procure-to-Pay, procure-to-invoice, and invoice-to-pay guided workflows for request, approval, and execution
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Purchase Order generation and transmission
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Goods and services receipt management
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Three-way invoice matching and approval
Vendor Management
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Vendor Onboarding and Lifecycle management
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Vendor Performance and Issues management
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Vendor Bid Submission and Opportunity management
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Vendor Compliance management
Procurement Operations
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Team resource, assignment, and task management
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Skills and certification management
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Integrated Knowledge Base
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Request management and tracking
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Event and upcoming key date visibility and notifications
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Supporting procurement workflows and reporting
Dashboards, Reports, and Notifications
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Real-time dashboard reporting capabilities place critical data and metrics, key dates, and important contacts at users’ fingertips
Available Integrations
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Integration with ServiceNow Vendor Performance Management (ITBM), Vendor Risk Management (GRC), and existing purchase order features
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Major ERP vendor integration including SAP, Oracle, JD Edwards, and NetSuite