What is the difference between eSourcing software and eProcurement software?

An eSourcing solution is a system that facilitates the business process of finding, evaluating, selecting and collaborating with potential suppliers through an online platform. It also includes all the analytical aspects of identifying savings, value, risks etc.

An eProcurement solution, on the other hand is an enterprise system that enables buyers to place orders, purchase goods and complete business transactions using an online platform.

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