The eProcurement Solution automates the complete indirect goods and services supply chain from requisition to payment. Buyers and suppliers of business products and services are connected by enabling open interoperable marketplaces. eProcurement provides procurement organizations with significant cost reduction and simplified processes while providing an unsurpassed level of control and business intelligence for effective supplier management. The eProcurement Solution elevates the traditional "buyer - supplier" relationship, offering a strategic competitive advantage to all members of the trading community. Procurement organizations can focus on their supplier strategy, standardize product selections, and aggregate supplier purchases. Supplying organizations can focus activities, offer increased value to their best customers and increase differentiation. All members of the trading community share trading community intelligence and reporting, resulting in better market knowledge and ensuring that participation in the trading community delivers ever-increasing value.

The eProcurement Solution elevates the traditional "buyer - supplier" relationship, offering a strategic competitive advantage to all members of the trading community. Procurement organizations can focus on their supplier strategy, standardize product selections, and aggregate supplier purchases. Supplying organizations can focus activities, offer increased value to their best customers and increase differentiation. All members of the trading community share trading community intelligence and reporting, resulting in better market knowledge and ensuring that participation in the trading community delivers ever-increasing value.

The E-Procurement solution includes the following components:

• Tender Management System ('TMS')
• Catalog based purchasing ('Buysite')
• Auctions Software - Forward/Reverse
• MarketSite Tender Management System (TMS)

Tender Management System (TMS)

C1 India Tender Management Software ('TMS') has been developed/customized keeping in mind the tendering process followed in government and government organizations in India. Care has been taken to ensure that any kind of organization structure and process workflows can be configured on the software.

The Tender Management Software takes the guesswork out of the assessment process - making the selection objective, efficient, repeatable, publishable and auditable. Using the Tender Management solution, the indents, the Notice Inviting Tenders (NIT) requirements, assessment criteria and proposal responses can be linked and viewed by the selection team to ensure requirements are covered and assessment criteria are met. Additionally, the solution captures a complete audit trail of the decision, for internal and independent scrutiny.

The Tender Management solution organizes how bids are managed and evaluated, significantly reducing the administrative overhead. It fully supports the technical and commercial evaluations/assessments along with reasons for the same; not only improving efficiency, but giving more time to focus on the selection criteria and requirements that may represent the greatest risk.

BuySite is a web-based Intranet application that allows procurement organizations to cut indirect procurement costs, decrease rogue buying, increase compliance with negotiated contracts, better leverage procurement expenditures and increase overall operational efficiency

Auctions offers easy-to-use Web-based solutions for conducting dynamic exchanges in an online environment that provides real-time pricing and brings an unprecedented level of profitability, control, and simplicity to corporate procurement and liquidation.

With Auction Software, the buyers can establish real- time market prices for goods or services, thereby achieving a dramatic reduction of purchasing cost and increased profitability through controlled auctions. This is a trading model where a buyer invites many suppliers to bid. This model is also known as a downward auction. Typically, a seller's lowest bid wins the deal.

MarketSite provides the extranet environment required for real-time, interactive communication between members of a trading community. The MarketSite architecture only requires a single, secure Internet connection for each buying and supplying organization. MarketSite provides the means to ensure that all transactive content (e.g. catalog content, pricing and availability) is accurate and up-to-date, and delivers robust trading partner application functionality including on-line order processing, exception handling, distribution and payment. MarketSite also provides the environment for shared trading partner services such as spot buying, surplus disposition, bid & auction, RFP, RFQ and RFP processing and other various financial services.