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10 Most Promising Procurement Solution Providers - 2017

Empronc: Assisting Businesses with Spend Process Management

In order to build spend discipline, capture spend data accurately, and build high levels of governance, compliance and audit ability, it is significant for businesses to articulate the importance of automating accounts payable and operational procurement processes. However, to ensure that these systems are implemented accurately, they require expert assistance. Mumbai based Empronc holds great competencies in the operational procurement and payment processes and comes up with assistance needed to deal with the challenges involved in the process. An e-procurement and accounts payable software company, Empronc empowers financial firms by mitigating the flaws of operational procurement and lifting the production uptime. In its bid to robotize the payment process, Empronc enrolls best-in-class operational procurement models and maps the growth story of its clients. With spend discipline and high levels of governance, Empronc confers the best procurement models to its clients that is best suited and tailored to their culture.

Acclaimed as a reliable spend management solution provider, Empronc brings forth best-in-class integrated processes and adds value to both ERP and non-ERP environments. With its ‘Spend Control Software’ and ‘Spend Analysis Readiness Software’, Empronc assists enterprises looking forward to embrace digitalization in a cost-effective way. “We are ready to serve the global customers and those who choose to partner with us, we can promise them a great experience and cost savings delivered in collaboration to address their pains,” says Manish Bazari, Director & CEO, Empronc.

Empronc’s flagship product BAZ provides an exceptionally reliable framework to create an agile and productive workflow. The solution seamlessly integrates with any existing financial system and works well with or without an ERP deployment. BAZ helps to transform businesses in a very cost-effective manner. It brings to the table best practices and a center of competence approach to Spend Governance with minimal efforts.

BAZ brings to the table best practices and a center of competence approach to Spend Governance with minimal efforts

The BAZ suite comes with modules such as P2P, Vendor Management, Contract Management, Non PO Invoices, Expenses/ CTC reimbursements and Petty Cash/Card Management. These integrated products help companies to fabricate an overarching spend governance structure and advocate expenses optimally ensuring a healthy bottom-line. The solution also optimizes the ERP cost by outsourcing the complexities in customization and resources.

Operating on near six sigma policies, Empronc continuously lays stress on quality of its solutions to ensure best procurement workflow for its clients. Recently, a banking company was looking for a solution that could end the complexities of manual processes running across its corporate office and 200+ branches. The company was facing difficulties in carrying out transactions because of unavailability of a viable option for passing payments for the humongous number of bills and employee reimbursements for 400000+ employees. With Empronc’s spend management solution, the company achieved 100 percent adherence for processing claims and tracking of documents and integrated it to their core banking solution. The transactions have been e-enabled thereby, incorporating a paperless culture in the bank.

Going forward, Empronc envisions expanding geographically and being a global leader in enterprise spend management. “Our technology platform is stable in the Microsoft technology stack and we see no technology related challenges over the next few years. Our mobile strategy for the on the go approvals has already been executed and we will deliver more on the mobile platform in the coming year increasing the convenience and experience of the end users,” concludes Bazari.