Acquirell Review by a Buyer
Use Cases and Deployment Scope
Now we can easily handle PO processing and running RFI, RFQ, and RFP events with Acquirell. Also, we keep and manage our requisitions in a single system just by adding line items (or requirements as it is called in Acquirell) to the requisitions. However, we decided not to use their Contract Management module.
It is very easy to communicate within a team and with vendors regarding our purchases through Acquirell
The tool enables us to manage almost all procurement processes and move them from Excel, Word, Email, etc.
It is easy to review the quotes through Acquirell instead of collecting bids via Email
Pros
- Good PO processing capabilities
- A robust Sourcing Module where we run our RFI, RFQ, and RFP events
- Requisitioning module that allows keeping requisitions in electronic form instead of sending emails that are always being lost
- Communication that is recorded in the system
- Approval Routes features that let us handle our complex approval flow
Cons
- Cannot edit the text of the contracts in the Contract Management module just like we were editing it in MS Word
- Accounts Payable is out of scope
- The Supplier Management module is "just okay". Acquirell team should develop features
Most Important Features
- PO processing
- Sourcing
- Requisitioning
- Approval Routes
Return on Investment
- We have reduced the time waste required for doing purchase activities manually by around 30%
- It became more convenient for the procurement team to keep the purchasing in one system instead of handling various files in various places. Also, it is easier for managers to review these activities
- Now we avoid some misunderstandings because all the communication is recorded
Other Software Used
Google Sheets, Outlook4Gmail, Slack
