Promena

Promena e-Procurement

Composite Score

8.0 /10

CX Score

8.4 /10

29 Reviews Write a Review

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What is Promena e-Procurement?

Promena provides its customers with the highest level of efficiency, control, time and labor savings in purchasing processes with its 4 main modules. E-Sourcing module helps customers to create RFx/e-Auction events. Customers can identify, select and collaborate with leading vendors. E-Procurement module helps businesses to manage the Catalog, Budget, Requisition and Purchase requisition-to-purchase process. With SxM module, customers can have a single database of their suppliers for their entire organization and the procurement processes. With the spend analysis module, customers can easily slice and dice all of the data running through the platform.

Company Details

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Awards & Recognition

Promena e-Procurement won the following awards in the Strategic Sourcing category

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2024 Emotional Footprint Champion

Latest Award, 2024

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

Latest Award, 2024

2024 Data Quadrant Gold Medalist

2024

11 Top Rated Capabilities

9 Top Rated Features

2024

2023 Emotional Footprint Champion

2023

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

2023

2023 Data Quadrant Gold Medalist

2023

10 Top Rated Capabilities

10 Top Rated Features

2023

Promena e-Procurement Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Promena e-Procurement.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

88 Likeliness to Recommend

2
Since last award

95 Plan to Renew

5
Since last award

85 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+98 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Promena e-Procurement?

0% Negative

0% Neutral

100% Positive

Pros

Helps Innovate
Continually Improving Product
Performance Enhancing
Enables Productivity

Feature Ratings

Average 83

Auction Management

eAuction Functionality

Supplier Management

Consulting & Advisory

Spend Analysis

Procurement Management

Communications

ERFx

Community Support

Catalog Management

Workflow Management

Vendor Capability Ratings

Average 84

Business Value Created

Usability and Intuitiveness

Ease of IT Administration

Product Strategy and Rate of Improvement

Quality of Features

Vendor Support

Availability and Quality of Training

Breadth of Features

Ease of Implementation

Ease of Data Integration

Ease of Customization

Promena e-Procurement Reviews

keshav p.

Role: Information Technology
Industry: Engineering
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jan 2025

Streamline efficient e-procurement & user-friendly

Likeliness to Recommend

10 /10

What differentiates Promena e-Procurement from other similar products?

Promena e-Procurement excels with its intuitive interface, advanced automation, and customizable features, providing a more efficient procurement process compared to other solutions.

What is your favorite aspect of this product?

My favorite feature is its seamless automation, simplifying procurement workflows and reducing manual effort.

What do you dislike most about this product?

The reporting options could be more customizable for specific needs.

What recommendations would you give to someone considering this product?

I’d recommend evaluating your specific procurement needs to ensure the platform's features align well with your requirements for maximum efficiency.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Jeevana t.

Role: Student Academic
Industry: Education
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Jan 2025

Easy to use, but a bit pricey

Likeliness to Recommend

9 /10

What differentiates Promena e-Procurement from other similar products?

Promena e-Procurement stands out with its comprehensive process digitalization, user-friendly interface, and integrated catalog management. It supports advanced e-auction types (e.g., English, Dutch, Japanese) for cost efficiency and competitive bidding. The platform excels in Supplier Relationship Management (SRM) for effective supplier updates and risk analysis. Its seamless ERP integration ensures smooth workflows, while robust reporting and analytics provide actionable insights. Promena’s holistic approach enhances procurement transparency, control, and efficiency.

What is your favorite aspect of this product?

The one standout aspect of Promena e-Procurement is its advanced e-auction capabilities. Supporting various auction types (like English, Dutch, and Japanese) fosters competitive bidding and significant cost savings, making it a powerful tool for organizations aiming to optimize procurement strategies.

What do you dislike most about this product?

Potential concerns about Promena e-Procurement include its complexity for smaller businesses and a possible learning curve for mastering advanced features. Some users might find customization options limited for niche needs. Its reliance on ERP integration could pose challenges for companies without such systems. Additionally, extensive features might feel overwhelming for simpler procurement setups. These depend on the user’s specific requirements and scale of operations.

What recommendations would you give to someone considering this product?

Assess your procurement needs to ensure Promena aligns with your business goals. Plan training for your team to utilize advanced features like e-auctions effectively. Verify ERP compatibility for seamless integration and smooth workflows. Leverage Promena’s support services to simplify implementation and onboarding. Start with basic features, expanding usage as your team gains confidence.

Pros

Helps Innovate
Enables Productivity
Respectful
Altruistic

Fariz F.

Role: Sales Marketing
Industry: Electronics
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Jan 2023

Fantastic product which is easy to use

Likeliness to Recommend

8 /10

What differentiates Promena e-Procurement from other similar products?

Promena is an easy to use, intuitive and global product in Procurement Software marker which is not that deep. Thus, it is always among the first choices

What is your favorite aspect of this product?

As I mentioned before, its intuitiveness and accessibility make it stand out and are my favorite features

What do you dislike most about this product?

During my time of interaction with this software I haven't pointed out any aspects to dislike

What recommendations would you give to someone considering this product?

Definitely worth to give it a go, great product to enhance efficiency and effectiveness of procurement of your company

Pros

Helps Innovate
Performance Enhancing
Enables Productivity
Unique Features

Promena e-Procurement

What is Promena e-Procurement?

Company Details

Need Assistance?

Awards & Recognition

2024 Emotional Footprint Champion

2024 Data Quadrant Gold Medalist

2023 Emotional Footprint Champion

2023 Data Quadrant Gold Medalist

Promena e-Procurement Ratings

88 Likeliness to Recommend

2 Since last award

95 Plan to Renew

5 Since last award

85 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+98 Net Emotional Footprint

How much do users love Promena e-Procurement?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Auction Management Includes bid management, bidder management and buyer notifications.

eAuction Functionality The ability to provide forward, reverse, Japanese, Dutch, and English step auctions.

Supplier Management Supplier collaboration, including Quarterly Business Review Meetings, Scorecards, KPI and SLAs.

Consulting & Advisory Consult and advise on procurement support, managed services, group purchasing organization (GPO) and strategic sourcing initiatives such as measurable savings.

Spend Analysis Includes data visibility and quality, supplier ranking, and compliance and reporting.

Procurement Management Includes purchasing and procurement management, as well as supplier management and optimization.

Communications Includes communication portals or secure messaging or automated alerts.

ERFx Evaluation and scoring of supplier responses.

Community Support Highly personal support service to both buyer and supplier communities, ensuring proposal uptake and supplier help.

Catalog Management Includes customizable shipping and payment options, product pricing, advanced catalog search, and navigation.

Workflow Management Includes ability to support flexible and comprehensive workflow-based capabilities.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Promena e-Procurement Reviews

keshav p.

Streamline efficient e-procurement & user-friendly

Likeliness to Recommend

Pros

Jeevana t.

Easy to use, but a bit pricey

Likeliness to Recommend

Pros

Fariz F.

Fantastic product which is easy to use

Likeliness to Recommend

Pros

Most Popular Promena e-Procurement Comparisons

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2
Since last award

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Feature Ratings

Auction Management

eAuction Functionality

Supplier Management

Consulting & Advisory

Spend Analysis

Procurement Management

Communications

ERFx

Community Support

Catalog Management

Workflow Management

Vendor Capability Ratings

Business Value Created

Usability and Intuitiveness

Ease of IT Administration

Product Strategy and Rate of Improvement

Quality of Features

Vendor Support

Availability and Quality of Training

Breadth of Features

Ease of Implementation

Ease of Data Integration

Ease of Customization