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Procurement Glossary & Terminologies

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Procurement

What is Procure-to-pay (P2P)? An Ultimate Guide

Procure to pay is the process from procurement of materials needed...

Procol • April 15, 2025

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Procurement

Best eSourcing Tools: Top 10 eSourcing Software in 2025

Discover top 10 e-sourcing tools and esourcing platforms necessary for efficient...

Procol • February 24, 2025

What is Source to Pay? A Beginner's Guide
Procurement

What is Source-to-pay in 2025? An Ultimate Guide

Source to pay is the process of sourcing vendors to procure...

Procol • February 19, 2025

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The unique strategies they use during auctions help us achieve real cost reductions that aren’t always possible through face-to-face negotiations.

Naveen Nanda
Senior GM Procurement,
Havells

We integrated Procol with SAP, and it brought complete transparency to our procurement. Everything from PR to PO is now tracked, saving us 30–40% of time and costs.

Rahul Wadhwa
Head of Strategic Sourcing, Signature Global

After implementing Procol, the user experience is way better than it used to be. The cost is also much lower compared to other competitors in the market.

Rohan Gosh
Strategic Sourcing Manager, Emami

It’s super user-friendly, helps us reduce manual work, speeds up decision-making, and allows us to access all our procurement data anytime from one place.

Elango Srinivasan
Chief Financial Officer,
India Nippon Electricals Limited
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