E-procurement Solutions

Streamline Your Procurement Process

Make Purchasing Effortless

ElectGo provides a B2B e-commerce platform and customized e-procurement solutions,

empowering businesses from SMEs to MNCs to seamlessly manage their online procurement and selling process.

In today's fast-paced business environment, efficient procurement processes are crucial for maintaining operational effectiveness and cost management. However, many businesses still struggle with traditional and manual procurement systems, which leads to significant inefficiencies. These traditional processes not only waste valuable time but also incur high costs, which can negatively impact the bottom line.

Use ElectGo's e-procurement solutions to minimize purchasing time, reduce operational costs, and enhance your team's productivity

Minimize purchasing time

By automating the entire procurement process, from order requisition to fulfillment.

By integrating features such as automated approval workflows and instant quotation generation, the process is streamlined and accelerated. This eliminates delays, allowing businesses to quickly respond to market demands and operational needs, ensuring the timely availability of goods and services.

Reduce operational costs

By automating routine tasks and minimizing manual data entry, our solutions cut down on errors and administrative overhead. This not only reduces labor costs but also lowers the expenses associated with managing paperwork and compliance.

Additionally, enhanced data analytics and supplier management capabilities lead to more strategic purchasing decisions and cost savings.

Enhance your team productivity

Routine and repetitive tasks are automated, allowing procurement teams to focus on more strategic activities.

The solution's centralized platform and streamlined workflows reduce the time spent on administrative duties, freeing up team members to engage in higher-value work such as strategic sourcing and supplier relationship management. This boost in productivity leads to a more effective and efficient procurement function.

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Our e-procurement solutions

Our e-procurement solutions include punchout solution and credit term solution. Our punchout solution integrates seamlessly with your existing procurement system, reducing administrative burdens, while our flexible credit term solution helps manage cash flow effectively.

1. Punchout solution

Punchout solution or punchout catalog is an online B2B eCommerce platform that buyers can access directly from their procurement system. It allows B2B companies to streamline purchasing by automating authentication and transferring cart orders between buyer and ElectGo systems.

2. Credit term

Our credit term solution offers flexible payment options, allowing businesses to manage their cash flow more effectively. By extending payment terms, we enable you to purchase essential products and services now and pay later, ensuring smoother operations and financial stability

Why us?

no set up fee

No set-up fee

There are no setup fees or hidden costs involved.

We provide a transparent pricing model that ensures you only pay for the services you use, allowing you to leverage our advanced technology without worrying about additional expenses or unexpected charges.

customised solutions

Customized solutions

Our e-procurement solutions are designed to be highly adaptable, catering to your specific business needs.

We work closely with you to understand your unique requirements and tailor our solutions accordingly, ensuring that the system integrates seamlessly with your existing processes and maximizes efficiency

experienced team

Experienced team

Our team of seasoned professionals brings extensive experience and expertise to the table, offering you unparalleled support and guidance.

With a deep understanding of procurement challenges and best practices, we ensure that our solutions are not only effective but also aligned with your strategic goals, providing you with reliable and knowledgeable service

ElectGo is a B2B e-commerce platform and an e-procurement solutions provider

As a subsidiary of LKH Group of Companies, known for its rich history of over 60 years in the industrial sector.
We offer an extensive range of industrial products from global brands including:

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(65) 8492 2199

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Frequently asked questions (FAQs)

1. What is an e-procurement solution?

An e-procurement solution is a digital platform or software system designed to streamline and automate the procurement process for organizations. This solution allows businesses to manage their purchasing activities online, making the process more efficient and transparent. E-procurement solutions typically include functionalities such as:

Supplier management: Maintaining and evaluating supplier information.
Purchase order creation: Automating the generation of purchase orders.
Approval workflows: Streamlining the approval process for procurement requests.
Catalog management: Providing digital catalogs of products and services.
Spend analysis: Offering insights into spending patterns and cost-saving opportunities.
Contract management: Managing supplier contracts and compliance.

These solutions help organizations reduce costs, improve procurement efficiency, ensure compliance, and enhance supplier relationships.

2. How does e-procurement work?

E-procurement simplifies and automates the traditional procurement process through digital technologies, managing the entire purchasing lifecycle—from requisitioning and ordering to invoicing and payment—within an integrated online system.

With e-procurement solutions, businesses can efficiently manage supplier relationships, conduct strategic sourcing, and oversee contract management all in one platform. By automating tasks such as sending out tender documents, processing supplier onboarding, and managing purchase orders, e-procurement reduces manual effort, minimizes errors, and improves overall efficiency.

Moreover, it offers real-time analytics and reporting, enabling procurement professionals to make informed decisions while maintaining complete visibility and control over their spending.

3. What is the difference between procurement and e-procurement?

Procurement refers to the traditional process of sourcing, ordering, and purchasing goods and services, typically involving manual methods and extensive paperwork. In contrast, eProcurement leverages digital tools and online platforms to automate and streamline these activities. By using eProcurement, organizations can enhance efficiency, reduce errors, and gain real-time visibility into procurement processes, making it a more effective and cost-efficient approach compared to traditional procurement.

4. How does ElectGo integrate with your existing ERP systems?

ElectGo collaborates closely with your IT team to seamlessly integrate with your existing ERP systems. This integration facilitates smooth data exchange between ElectGo and your ERP, ensuring that all procurement activities are synchronized with your financial systems. It supports real-time updates and automated data transfers, providing a cohesive and efficient procurement process.