ProcurePort, Cloud Hosted Spend Management And e-Sourcing Software Now Comes With Electronic Signature Capabilities

ProcurePort partners with SignNow to deliver Digital Signature Capabilities integrated with its suite of e-Sourcing and Spend Management Software. Enterprises with vendor-facing electronic signature requirements are increasingly interested in using suites and services rapidly to automate signature-oriented business processes and implement required controls.

ProcurePort, in partnership with SignNow announces the seamless integration of the ProcurePort Suite of Sourcing Applications with the SignNow electronic signing capabilities, allowing for a smooth and secure electronic signing experience over the web and mobile devices.

According to Gartner, by 2019, expanding adoption of e-Invoicing, e-Sourcing and supplier information management technology will result in a tenfold increase in digital B2B interactions.

Ability to sign documents and contracts electronically will add significant process efficiency along with security and compliance to the entire transaction process. Processes that used to take weeks now take hours.

According to the Institute for Supply Management and Forrester Research, 85 percent of companies recently surveyed said they have made progress toward adopting the Internet for purchasing. Additionally, 46 percent said they use company-wide procurement tools. Utilizing e-Sourcing, ProcurePort customers have saved from 8 percent to 32 percent on the goods, materials and services they purchase from global suppliers and increased process efficiency.

The ProcurePort integration with SignNow offers the security, customization and integration features needed for enterprise-wide e-signature deployments.

E-Sourcing is quickly gaining momentum among mid-market organizations as firms like ProcurePort target them with easy-to-use, on-demand sourcing services that provide substantial cost savings with minimal investment. According to Purchasing magazine’s recent Benchmark Survey on E-Sourcing Strategy, the use of these services rose by 24 percent in the past year. The survey also indicated that this market is poised for continued growth as respondents stated that they plan to use e-Sourcing for a majority of their MRO & indirect spend.

Founded in 2001, the company has expanded its service set from discrete online auction tools to complete on-demand sourcing solutions including providing sourcing, spend analysis services and Procure-to-Pay Software. ProcurePort also provides an online marketplace solution that can be customized to launch e-marketplaces in vertical specific B to B and B to C markets. Since the company’s formation, its operations have expanded from a single staff member to 84 technology and procurement professionals.