Functionality Overview: The ProcureWise Suite is a comprehensive procurement and supply chain management platform that supports end-to-end processes from sourcing to payment. The suite provides the following capabilities:

1. Create and Manage Purchase Orders (POs): Efficiently create, approve, and manage purchase orders within the system.
2. Manage Supplier Information and Communications: Store detailed supplier profiles and facilitate seamless communication.
3. Evaluate and Onboard Suppliers: Assess supplier performance and streamline the onboarding process.
4. Monitor Inventory and Provide Demand Forecasts: Track inventory levels in real-time and generate accurate demand forecasts.
5. Create and Track Key Performance Indicators (KPIs) and Other Metrics: Develop and monitor KPIs to measure and improve supply chain performance.
6. Store and Manage Contracts: Securely store and manage supplier contracts with easy access and compliance tracking.
7. Identify and Manage Supply Chain Risks: Detect and mitigate risks across the supply chain to ensure smooth operations.
8. Integrate with Other Systems and Tools (e.g., Accounting Software): Seamlessly integrate with accounting software and other business tools for comprehensive management.

Modules Included:

• eSourcing
• Procure to Pay
• Source to Pay
• Catalogues
• Contract Management
• Supply Chain Management
• Service Portal

Published License and Product Terms:

• License Type: Monthly Subscription License
• Pricing: £145 per user per month

ProcureWise Suite Product Terms

License Overview:
ProcureWise Suite is a comprehensive supply chain and procurement management platform that provides end-to-end solutions for managing purchase orders, supplier information, inventory, contracts, and supply chain risks. The platform is licensed on a monthly subscription per user, with pricing tiers based on user count and module selection.

1. License Type:

• Subscription Model: Monthly subscription per user.
• License Scope: The license grants access to the following key features:
  • Create and manage purchase orders (POs)
  • Manage supplier information and communications
  • Evaluate and onboard suppliers
  • Monitor inventory and provide demand forecasts
  • Create and track Key Performance Indicators (KPIs) and other metrics
  • Store and manage contracts
  • Identify and manage supply chain risks
  • Integrate with other systems and tools (e.g., accounting software)

2. Modules Included:

• eSourcing: Streamline the sourcing process with automated RFPs and supplier evaluations.
• Procure to Pay: Manage the entire procurement lifecycle, from purchase orders to invoice payments.
• Source to Pay: Ensure full visibility into the sourcing and procurement process.
• Catalogues: Manage supplier product catalogs for easy selection and purchasing.
• Contract Management: Store, manage, and track supplier contracts with built-in compliance tools.
• Supply Chain Management: Oversee supply chain operations, demand forecasting, and logistics.
• Service Portal: Offer suppliers a self-service portal for communication and order updates.

3. API and Integration Rights:

• Integration Capabilities: ProcureWise integrates with ERP, accounting, and inventory management software via APIs.
• APIs Included: Full API access to streamline workflows and enable data synchronization with external systems.

4. Middleware and Customization:

• Middleware Support: Seamlessly integrate middleware to automate data transfer between ProcureWise and other business systems.
• Customization Options: Customizable dashboards, workflows, and reports to meet specific business needs.

5. Service Level Agreement (SLA):

• Uptime Guarantee: ProcureWise offers a 99.9% uptime guarantee, ensuring continuous access to procurement and supply chain data.
• Support: 24/7 customer support via live chat, email, and phone. Enterprise customers are assigned a dedicated support manager.

6. Termination and Renewals:

• Monthly Subscription: The subscription renews automatically each month unless terminated with a 30-day notice by the user.
• Termination Rights: ProcureWise reserves the right to suspend or terminate services for non-payment or breach of product terms.

7. Data Protection and Compliance:

• Data Security: ProcureWise ensures compliance with GDPR, CCPA, and other relevant data privacy regulations. All data is encrypted and stored in secure servers.
• Data Backup: Regular backups are performed to safeguard business-critical procurement and supply chain data.

8. Pricing Terms:

• Base Pricing: Starts at £130 per user per month for access to all modules.
• Volume Discounts: Discounts are available for customers with 100+ users.
• Additional Fees: Custom integrations, premium support, or enhanced modules may incur additional costs.

9. Intellectual Property Rights:

• Ownership: ProcureWise retains full ownership of the software, including all intellectual property rights. Users are granted a non-exclusive, non-transferable license to use the platform for internal business purposes.
• User Data: While the user owns their data, ProcureWise reserves the right to use anonymized data to improve product functionality.

10. Limitation of Liability:

• Liability Cap: ProcureWise’s liability is limited to the total subscription fees paid by the customer in the 12 months preceding any claim.
• Exclusions: ProcureWise is not responsible for any indirect damages, loss of data, or business interruption resulting from the use of the software.

11. Updates and Feature Releases:

• Product Updates: Regular updates, including new features and bug fixes, are rolled out automatically at no additional cost.
• Feature Releases: Advanced features or new modules may be released and available for additional fees, depending on the user’s subscription plan.

12. User Limits and Usage Restrictions:

• User Limits: The subscription covers the number of users specified in the agreement. Additional users can be added at the applicable per-user rate.
• Usage Restrictions: The software is for internal business use only and cannot be resold or used for commercial purposes outside the terms of this agreement.

13. Training and Support:

• Training: Onboarding and training sessions are included for enterprise customers to ensure full utilization of the platform’s features.
• Knowledge Base: Users can access a comprehensive online knowledge base and community forums for additional support and training materials.