Why Should You Choose TenderBoard Eprocurement System?
Tenderboard is a cloud platform that streamlines your procurement process through digitalisation and automations. Whether you struggle with lengthy turnaround times, noncompliance issues, or excessive spending – Tenderboard eProcurement can make your life easier and your company more profitable.
Trusted by leading companies across Singapore and throughout Asia, Tenderboard offers unparalleled peace of mind for companies through a streamlined source-to-pay process, enabling seamless transactions between buyers and suppliers. With real-time insights, extensive market analysis, and a commitment to corporate compliance, the platform opens ample opportunities for growth.
Through flexible forms and workflows, strategic sourcing, supplier management, budget management, contract management, and robust third-party integrations, Tenderboard eProcurement can improve your procurement process quickly and efficiently. Companies in Singapore and across Asia in real estate, education, construction, hospitality, and finance have benefitted from our dedicated platform.
Overcome Your Procurement Challenges With Our Electronic Procurement System
Purchase turn-around times are taking too long
Purchasing cycles can take a long time due to the multiple steps and approvals required, coordination among different parties, regulations and bidding process. When this is processed manually, purchase cycles become even longer.
Learn how digitalising and automating purchasing processes can help to shorten purchasing cycles and promote corporate governance.
Audits are flagging procurement lapses
From maverick spending or non-compliance to procurement policies, these are possible procurement lapses that are often flagged out during audits.
TenderBoard’s Source-to-Pay module tracks users through the RFQ/RFP process, providing procurement teams with an audit trail to ensure corporate governance.
You need to cut costs
Opaque spending patterns provide poor visibility to patterns that procurement teams could observe to improve cost-effective measures. eProcurement Platforms provide a source of truth for all purchases for better spend management and analytics.
TenderBoard’s Budget Management also allows procurement teams to track spend in real time as Purchase Requests are released, Purchase Orders are sent and Invoices are received.
Users are not complying to policies
Non-compliance can be hard to track when purchases and supplier communication are handled offline or through emails. Paper documents can be easily misplaced or edited after it has been processed, which makes it harder to ensure corporate governance.
With TenderBoard’s Supplier Management module, all supplier communication are logged in the system, and supplier forms and documents are tracked and stored.
Contracts are not used
Maverick spending happens when pre-negotiated contracts and price lists are not used by staff, which leads to increased costs, compliance and security issues, difficulty in identifying cost-saving opportunities, and negative impact on company’s relations with suppliers, vendors and strategic partners.
With a Cloud-based Procurement Platform, the system guides users to following your company’s purchasing policies, and can easily access and take advantage of contracts with existing suppliers.
Create an Efficient Procurement Process Your Team is Onboard with
Choose and implement the tools that help your team optimise spend management
Procure to Pay
Eliminate paperwork and manual processes by digitalising and automating workflows and approval routings. Reduce operational costs and improve corporate governance of up to 40%.
Strategic Sourcing
Source and manage evaluations for direct purchases, tenders and RFQs on a single platform. Automate compliance checks and evaluation recommendations based on your price-quality matrix.
Supplier Management
Collate, manage and track vendor information easily as you continue to work with them on a single platform.
Budget Management
Sync budget codes and track budget spend in real time as purchase requests are raised and flowed through the approval process.
Contract Management
Flip RFQs and approved quotations into contracts for your staff to access and use. Price lists are stored on the platform and spend is tracked as purchases draw down on contract value.
Item Management
Track and record items purchased for easy re-purchasing and spend management analysis.
Trusted By Industry Players and Partners
The TenderBoard Ecosystem
The Tenderboard eProcurement platform offers end-to-end visibility across the entire procurement process, providing flexible and seamless third-party integrations. Having end-to-end visibility is critical because it gives organisations a comprehensive understanding of their procurement activities, from the initial sourcing of goods and services to their final approval.
This level of visibility enables companies to make more informed decisions, detect and resolve any inefficiencies or bottlenecks in the procurement process, maintain compliance with regulatory requirements, and ensure that their procurement activities align with their overall business goals and strategies.
Tenderboard’s flexible third-party integration model allows organisations to seamlessly connect their eProcurement platform to their ERPs or accounting platforms for a fully connected procurement ecosystem. From bi-directional data flows to native data management, companies of all shapes and sizes can optimise their procurement process by increasing visibility from start to finish.
Find A System That Helps Solve Your Procurement Challenges and More
Flexible
Supplier Friendly
Enterprise Grade
Customer Success Driven
Secure
Seamless Third Party Integrations
We are here for you. Every step.
Singapore Discovery Centre