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Embracing the eMarketplace – Busting Common Myths

Clarifying the 5 most common misconceptions surrounding eMarketplace and procurement software usage.

It happens often. “Hey, check out this cool new app!” “You HAVE to try out this new social media thingamajig. You’ll be hooked!” You nod along, but even though something comes highly recommended, more often than not, you are skeptical of trying it out. And why shouldn’t you be? Any new undertaking requires time, effort, and commitment. The same has been noticed in the perception of businesses towards online marketplace, or eMarketplace. Since the technology is relatively Avante-Garde, most businesses are careful when it comes to testing new waters. Here we bust the 5 most common myths related to eMarketplace –

  1. “My specific requirements cannot be fulfilled by online vendors.”

Not true. Purchasing Platform is a procurement market place that connects you to a variety of vendors who are committed to suit your needs. You can place custom-tailored orders in the eProcurement Suite that specifically suit your business requirement. With features such as Vendor Pricing Controls and Centralized Vendor Marketplace, you will find eProcurement solutions that are far and wide!

  1. “All online products are the same.”

Again, not true. Purchasing Platform is a catalog marketplace on which products are curated to enable eProcurement by all kinds of small and medium businesses. With member access to over 1,000,000 products with an average 30% discount daily, you should be able to find plenty of options that fit your business needs.

  1. “I cannot be sure of the quality I will be provided.”

Purchasing Platform is a B2B marketplace which ensures that only certified vendors are hosted at our eMarketplace. This is done through thorough quality checks from time to time. Cost-effectiveness by no means implies a compromise on quality.

  1. “Inventory management will be a tedious process.”

To make the life of your accounting team easier, Purchasing Platform is a catalog management and purchasing management software that gives you the option of maintaining a healthy inventory system by mapping all purchases made on our site to your internal system.

  1. “It is all automated. I will not have control over my team’s actions.”

Incorrect. With this unique P2P eMarketplace, you can monitor and review your team’s spending habits. We have also added the options of Management Approval and Employee Spend Limits in our eMarketplace that allow you to be in total control.

Sometimes change is good. New technologies and procurement software solutions such as eSourcing and Procure to Pay Solutions are continuously making businesses run smoother than before. It is prudent to be skeptical when trying something new. However, when the greatest advantage on offer is cost-effectiveness and saving of precious productive time, the deal must be worth it!

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Embracing the eMarketplace – Busting Common Myths
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Embracing the eMarketplace – Busting Common Myths
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eMarketplace technology is relatively new, most businesses are careful when it comes to testing new waters. Here we bust the 5 most common myths related to Procurement eMarketplace. Clarifying the 5 most common misconceptions surrounding eMarketplace and procurement software usage.
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Purchasing Platform
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