TekStream’s Procure-It Business Solutions

Create order out of chaos using our proprietary procurement technology

TekStream has a long history of helping companies identify the best way to solve their business issues through traditional on-premise technologies. Now we’ve made things even better. TekStream’s Business Solutions now take full advantage of the Cloud, enabling customers to address common challenges using fewer resources. TekStream introduces Procure-it, a Cloud-based procurement platform that enables businesses to gain control over their purchasing practices.

About Our Procure-It Business Solutions Services:

TekStream’s Procure-it, part of the Process Lifecycle Suite, is designed to simplify common procurement processes while addressing the move to the Cloud. Many organizations have set specific goals for their Procurement processes that include reducing costs, doing more digitally, being more effective in mitigating risk, improving supplier relations, improving interdepartmental collaboration, and scaling their resources efficiently to do more.

Our Procure-It platform addresses these needs and more while providing unique benefits to stakeholders in all areas of the business, including:

  • Line of Business— By providing Self-Service purchasing request to employees, simplifying purchasing processes, reducing the impact on operations of purchasing activities, offering management visibility to purchasing activities, and reducing operational costs
  • Procurement Offices— By defining and abiding by standard procurement processes, managing the evaluation of suppliers, products, and services, automatically engaging key groups and individuals during the procurement process, accessing accurate reports and analytics, and reducing operational costs
  • Legal Management— By collaborating across the enterprise, reducing contract review cycles, maintaining a legal and contract repository for both active and closed contracts, quickly accessing key information and details, establishing and maintaining a contract template library, and seamlessly engaging external legal counsel
  • Executive Management— By minimizing risk by reducing processing and human error, ensuring process standards are documented and followed, delivering accurate reports and analytics, maintaining all documents, and ensuring proper lifecycle handling based on corporate and industry regulations

Procurement procedures remain one of the most unwieldy areas of operational management. TekStream provides a cutting-edge platform on the Cloud to streamline these processes. Procure-It provides unique solutions to typical problems, including:

  • Intuitive and standardized purchase processing
  • Intelligent and timely workflows
  • Robust process tracking and reporting
  • Zero/No Code created, maintained, and modified processes
  • Process analytics and reporting
  • RFX and evaluation management
  • Secured file sharing and digital signatures
  • Controlled template libraries
  • Centralized and searchable repository with retention management

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