Review of the best Procurement for Dynamics Business Central along with comparisons, pros, cons, etc to choose the most suitable platform for your business:
Procurement in businesses refers to the efficient acquiring of goods and services for the purpose of maintaining the business processes. The procurement process usually involves the following steps:
- Identify the goods and services needed through visualization tools
- Find suppliers with the best prices, negotiating with them
- Issuing payments and matching invoices
- Set up approval workflows with the help of procurement software
All of these requirements are being fulfilled with the help of a procurement solution. Some of them even offer Virtual as well as Physical cards that businesses can give to their employees, to make payments for the goods and services bought for business operations.
Plus, the powerful automation that they offer makes business processes quicker and more efficient. And, with the help of integrations, procurement becomes extremely smooth.
Table of Contents:
Dynamics 365 Business Central – Procurement Integration
Dynamics 365 Business Central is a cloud-based, unified platform for managing finance, operations, sales, and customer service. It can be integrated with other platforms to deliver centralized solutions for various business needs.
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In this article, we have come up with a well-researched list of the best platforms for procurement with Dynamics Business Central. You will get their detailed reviews and comparisons so that you can find the best one for your business.
Expert Advice: The main plus point of procurement solutions is the automation that they offer for supply chain management, finance management, and other business processes. Plus, some of the platforms offer some unique, highly useful features, which can save you costs in the long run.
Thus, you must go for the software that can offer you the most powerful features, so that you can improve your business’s efficiency, and save time and costs. But, if you have a small business, then you must look for a company that offers you customizable software, or allows you to pay for just what you use.
Frequently Asked Questions
Q #1) What is Dynamics 365 Business Central used for?
Answer: Dynamics 365 Business Central is a powerful platform for unifying and centralizing business operations like finance management, business operations management, sales, and customer services. You can even integrate with other platforms to get the best results.
Q #2) Why is procurement important in business?
Answer: Procurement is an important and crucial part of businesses. The process of procurement ensures you have enough goods and services for operations, you make wise decisions and the invoices are processed accurately, and on time.
Q #3) Which software is used for procurement?
Answer: Procure-to-pay software is used to make the procurement process easy and quick. They offer tools for maintaining visibility, control, and compliance.
Plus, you get automation to make the workflow approval process smoother and more efficient. And with the help of integrations, you can make your business operations centralized and more productive.
Q #4) What are the benefits of digital procurement?
Answer: Digital procurement is beneficial in the following ways:
- It saves a lot of time by making the processes automated.
- It saves costs.
- It safeguards your data from getting misplaced or lost.
- It increases accuracy and accountability.
List of the Best Procurement for Dynamics Business Central
Here is the list of the top Procurement Integrations with Dynamics 365:
- PairSoft Microsoft Dynamics 365 BC – Procurement
- Paramount WorkPlace
- Fraxion
- Emburse Nexonia
- Certify
- DXC Technology
- Procurify
- Coupa
- Erequester
- AvidXchange (for Procurement)
- ArcherPoint
- ProcureDesk
Comparison of the Top Procurement Integration with Dynamics 365
| Platform | Best feature | Most suitable for | Benefits |
|---|---|---|---|
| PairSoft Microsoft Dynamics 365 BC – Procurement | Seamless integrations with your ERP and CRM, powerful, useful automations | Businesses of all sizes. | • Pay just for what you need • Allows unlimited users and storage • Unlimited technical support • Free ERP and CRM integrations |
| Paramount WorkPlace | Easy to use and cost effective platform | Businesses of all sizes. | • Seamless, real-time integration with Dynamics 365 • Mobile friendly • Easy to use platform |
| Fraxion | Cost efficient, powerful procurement solutions. | Mid to large sized businesses. | • Wide range of features • Easy to learn • Mobile friendly |
| Emburse Nexonia | A customisable and mobile friendly platform. | Businesses of all sizes | • Scalable platform • Multi-currency support • Mobile friendly • Mileage tracking |
| Certify | An intuitive, quick expense management solution. | Businesses of all sizes. | • Intuitive platform • Seamless integration with your accounting systems • Mileage tracking • Automated reports • A free trial |
Detailed Reviews:
#1) PairSoft Microsoft Dynamics 365 BC – Procurement
Best for seamless integrations with your ERP and CRM, powerful and useful automation.
PairSoft Microsoft Dynamics 365 BC – Procurement is an award-winning platform that offers the best procurement integrations with Dynamics 365 Business Central.
The platform offers some powerful automation and integrations that can smoothen business processes. This allows you to gain control over the procure-to-pay and requisition process, thus delivering a seamless spend management process.
It is a powerful, reliable platform that reduces the chances of errors and duplicates of data entry. It is a Microsoft-certified platform. With Pairsoft Microsoft Dynamics 365 BC – Procurement, you get full visibility into vendor management, analysis tools, and performance indicators that help you identify and remove bottlenecks and ensure best practices.
Features:
- Real-time vendor communication tools.
- Automated invoice processing.
- Advanced Optical Character Recognition (OCR) technology for extracting financial data from documents, and more.
- Automated order fulfillment tool.
Pros:
- Useful automation
- Pay just for what you need.
- Allows unlimited users and storage.
- Unlimited technical support.
- Free ERP and CRM integrations.
Cons:
- Customer support services can be improved.
Verdict: Pairsoft claims to deliver 21% lower labor costs, eliminate the time-consuming manual data entry and save an average of $62,000 of employee time.
The platform is trusted by more than 2,000 organizations from around the world for automating procurement. We highly recommend Pairsoft Microsoft Dynamics 365 BC – Procurement for businesses of all sizes.
Price: Contact directly to get a price quote.
#2) Paramount WorkPlace
Best for the ease of use and cost-effectiveness that it offers.
Paramount WorkPlace is a trusted platform for streamlining the procurement and requisition process. TriOak Foods, YMCA, Lifecore Biomedical, and Cardinals are some of their clients.
The platform gives you a mobile-friendly experience, lets you control your company’s spending, offers tools for streamlining approved workflows, and ensures compliance.
Features:
- Spend management tools include building buying catalogs, PunchOut catalogs, and more.
- Workflow management and routing tools based on project, amount, or expense type.
- Automated supplier relationship management.
- Optical Character Recognition technology for importing invoices and receipts.
Pros:
- Seamless, real-time integration with Dynamics 365.
- Mobile friendly.
- Easy-to-use platform.
Cons:
- Some of the users are of the view that the reporting tools can be more advanced.
Verdict: The platform claims to reduce your processing costs by up to 85%, with the help of its automation and routing rules. It is an award-winning, highly recommended platform. It makes business operations extremely easy, more efficient, time-savvy, and cost-effective. Their customer support service is good.
Price: Contact directly to get a price quote.
#3) Fraxion
Best for cost-effective, powerful procurement solutions.
Fraxion is a spend management solution that offers a wide range of procurement solutions including invoice matching and approvals, policy management, multi-level approval workflows, project accounting, and more.
It is trusted by many industries including Education, Government agencies, Healthcare, Nonprofits, and Property management. The advanced automation offered by the platform makes business operations and workflows more efficient, with increased accountability and a huge reduction in time.
Features:
- Automated purchasing workflows and proactive spend control features.
- Gives you notifications and lets you approve workflows from any device, from anywhere.
- Seamless integration with your ERP or accounting solution.
- Gives you insights into your spending history so that extra costs can be cut.
Pros:
- Mobile application
- Embedded Microsoft Power BI Analytics
- Multi-currency support
- Easy learning
- Cost-effective platform
Cons:
- It can be a bit complicated and too heavy for small businesses which do not require the whole set of features.
Verdict: Fraxion is an award-winning platform with outstanding customer reviews. The platform is reportedly cost-effective, easy to use, and offers good customer support services. They claim to have cut your operational costs by up to 20%.
We recommend Fraxion for mid to large-sized businesses.
Price: Contact directly to get a price quote.
Website: Fraxion
#4) Emburse Nexonia
Best for being a customizable and mobile-friendly platform.
Emburse Nexonia is a cloud-based expense management program that is trusted by organizations from all over the world. Community America Credit Union, Clarity, TED, Indeed, Internet Society, and Frisco First Baptist Church are some of their clients.
It has more than 12 million users from over 120 countries and processes an average of more than $65 billion spends a year. It is a team of more than 850 employees who work with the mission of making users’ lives and businesses better.
Features:
- Manage your expenses through mobile as well as desktop devices, anytime, from anywhere.
- Quick reimbursement to employees through direct deposit.
- Seamless integration with your ERP and more.
- Custom approval workflows.
- Keeps records of your data, so as to give you reports when needed.
Pros:
- Mobile friendly
- Improve compliance and employ tighter controls.
- Multi-currency support
- Mileage tracking
Cons:
- The interface needs to be more intuitive.
Verdict: Emburse Nexonia is a leading, award-winning platform for procurement solutions. Their customer support service is good. The platform can be tailored, as per your unique requirements, which is its biggest plus point. The platform is scalable and suitable for businesses of all sizes.
Price: Contact directly to get a price quote.
Website: Emburse Nexonia
#5) Certify
Best for being an intuitive, quick expense management solution.
Certify is an expense management platform that offers you actionable dashboards and unbeatable reliability with 99.5% uptime, empowers smart spending, and automates expense report creation.
It is an award-winning platform that is scalable and powerful. They offer a basic version for small businesses and an advanced one with more features, for enterprises.
Features:
- Tools for streamlining reconciliation, thus reducing reimbursement times.
- Built-in policy control features to enforce compliance.
- Gives you complete visibility into your spending.
- Supports 140+ currencies and 64 languages.
Pros:
- Intuitive platform
- Seamless integration with your accounting systems
- Mileage tracking
- 99.5% uptime
- Automated reports
- Free trial
Verdict: Certify is suitable for businesses of all sizes. They offer 24-hour live support on weekdays. Email support is also available. Their customer support service is good. The platform is highly useful and makes expense management easy and quick.
Price: Contact directly to get a price quote.
Website: Certify
#6) DXC Technology
Best for large enterprises that require a wide range of features.
DXC Technology is an over 60-year-old platform, which has more than 130,000 employees and delivers its services to 70+ countries. More than 240 Fortune 500 companies are customers of DXC Technology.
The platform claims to reduce ongoing maintenance costs by 40%, delivers 59% faster speed to the market, and has a 95%+ customer satisfaction rate.
Features:
- Tools for simplifying and streamlining procurement operations by increasing visibility and control, reducing cycle time, and more.
- Supply chain management tools.
- Asset life cycle management and compliance management.
- Automation and analytics for streamlining IT operations.
Pros:
- Scalable platform
- Risk management tools
- Sustainable and environmentally friendly practices.
Cons:
- Some of the clients have complained about their customer service.
Verdict: DXC is a leading company that provides solutions for procurement for Dynamics Business Central. Nissan, American Airlines, MassMutual, Galicia, Copa Airlines, and Zeiss are some of its clients, and all of them have given good ratings to DXC Technology. We highly recommend this platform for businesses of all sizes.
Price: Contact directly to get a price quote.
Website: DXC Technology
#7) Procurify
Best for simplifying business spend management with the help of some modern, highly useful tools.
Procurify is a cloud-based, all-in-one spend management software that offers you modern, intuitive procurement solutions.
The application offers you tools for digital audit trails, managing procurement workflows, issuing spending cards, and much more. Procurify is easy to use and scalable. The platform is suitable for businesses of all sizes.
Features:
- Tools for making purchase approvals from one centralized location.
- Issue physical as well as virtual prepaid spending cards to your team.
- Tools that deliver instant visibility into budgets against actual spending.
- Automation tools to generate purchase orders, approval notifications, and more.
- In-platform communication tools.
- Direct integration with Oracle NetSuite, Intuit QuickBooks, Slack, Amazon Business, and more platforms
Verdict: Procurify is an award-winning platform that is trusted by companies and organizations like Asana, the University of Maryland, Hootsuite, Barnes and Noble College, and many more.
The best things about Procurify are the easy-to-use mobile app that they offer and a wide range of highly useful features like in-app communication.
Price: Contact directly to get a price quote.
Website: Procurify
#8) Coupa
Best for being an easy-to-use, scalable platform for small to medium-sized businesses.
Coupa is a feature-rich platform that offers you tools for AP automation, Compliance & Control, Digital transformation, ERP integrations, Operational Benchmarking, Supply Chain Resiliency, Third-party risk management, and more.
The industries served by the platform include Automotive, Banking & Investment, Business Services, Education, Food & Beverage, Healthcare, Industrial Manufacturing, Insurance, Life Sciences, Oil & Gas, Process Manufacturing, Retail, and more.
Features:
- Gives you full visibility over the purchase-to-pay process.
- Control features to ensure compliance.
- Guide your employees during the buying process by alerting them about discounted pricing and other advantageous terms.
- Seamless integration with many applications.
Verdict: Coupa is a scalable, powerful platform for procurement. Odyssey, Nestle, and The Fresh Market are some of the companies that rely on Coupa to make their business operations more simplified.
The platform offers a good range of features at reasonable prices. We recommend Procurify for small to medium-sized businesses.
Price: Contact directly to get a price quote.
Website: Coupa
#9) eRequester
Best for being an intuitive, fast procurement solution.
eRequester is a requisition and purchasing solutions provider that offers you tools for standardizing purchasing practices for streamlining and managing the supply chain.
With eRequester, you can get a customized solution for your business processes as per your needs. It is a secure platform. They offer a nice set of procurement solutions.
Features:
- Integration with Sage ERP X3, Sage 300 ERP, Microsoft Dynamics GP & SL; MAS 500, MAS 90/200 & PFW.
- Save requisitions as templates, to be duplicated or re-used.
- Automation of the procurement process.
- Encourages the use of preferred vendors, which enables better terms and prices.
- Allows you to create an unlimited number of approval levels.
- Seamless purchase order creation.
Verdict: eRequester offers an easy-to-use web interface for simplifying the e-procurement process, expense management, increasing transaction visibility and financial accountability, and more.
The platform is suitable for mid to large-sized businesses.
Price: Contact directly to get a price quote.
Website: eRequester
#10) AvidXchange
Best for scalable process control features.
AvidXchange offers you some reliable purchase order automation solutions. It is a trusted and popular platform.
Their solutions are available for Real Estate, Community Association Management, Construction, Financial Services, Healthcare, Hospitality, Media Technology & Software industries.
Features:
- Gives visibility into the purchase process.
- Embedded business intelligence and analytics solutions to help you make better decisions.
- 2-way and 3-way invoice matching.
- Offers 220+ integrations including Sage, Oracle NetSuite, Acumatica, Blackbaud, Microsoft Dynamics, and more.
Verdict: AvidXchange is a highly recommended platform that offers the best procurement integrations with Dynamics 365 Business Central. The platform claims to reduce the costs of operation, increase efficiency, maintain control, reduce risks, improve relationships with your suppliers, increase visibility, and work remotely.
Price: Contact directly to get a price quote.
Website: AvidXchange
#11) ArcherPoint
Best for mid to large-sized businesses that require a wide range of features for their business operations.
ArcherPoint is one of the best platforms that offers procurement for Dynamics Business Central. The platform delivers a number of business solutions including Financial Management, Supply Chain Management, Demand Forecasting, Point of Sale, Microsoft Cloud Solutions, and much more.
Price: Contact directly to get a price quote.
Website: ArcherPoint
#12) ProcureDesk
Best for offering a simplified and scalable procure-to-pay process.
ProcureDesk is a simple platform that helps in enhancing the Dynamic 365 Business Central purchasing process. The platform offers automation for PO Generation, invoice matching, and more.
They offer integrations with Slack, SSO, Xero, Sage Intacct, NetSuite, and more platforms. A money-back guarantee of 30 days is also available. The application is suitable for businesses of all sizes.
Price: A free trial is available for 14 days. Price plans are as follows:
- Purchasing Automation: $475 per month
- Purchasing & AP Automation: $700 per month
- Enterprise Plan: Contact directly to get a customized price quote
Website: ProcureDesk
Conclusion
Our study suggests that the platforms that offer the best procurement for Dynamics Business Central in 2024 are PairSoft, Paramount WorkPlace, Fraxion, Emburse Nexonia, Certify, DXC Technology, Procurify, Coupa, eRequester, AvidXchange, ArcherPoint, ProcureDesk.
The platforms are highly useful in making business operations simple, quick, and more efficient, with the help of some beneficial tools that they offer, for example, visibility and control features, workflow automation, supply chain management, integrations, and much more.
These platforms have become an integral part of businesses. Small businesses as well as the top Fortune 500 companies look for a good platform that can simplify their business operations and make them more efficient and productive in the most effective way.
Suggested Reading =>> Procurement Software for Microsoft Dynamics and Dynamics 365
Research Process:
- Time Taken to Research this Article: We spent 16 hours researching and writing this article so you can get a useful summarised list of tools with comparisons of the top 5 for your quick review.
- Total Procurement for Dynamics Business Central Researched Online: 33
- Top Procurement for Dynamics Business Central Shortlisted for Review: 12