Promena

Promena e-Procurement

Composite Score

7.9 /10

CX Score

8.4 /10

23 Reviews Write a Review

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What is Promena e-Procurement?

Promena provides its customers with the highest level of efficiency, control, time and labor savings in purchasing processes with its 4 main modules. E-Sourcing module helps customers to create RFx/e-Auction events. Customers can identify, select and collaborate with leading vendors. E-Procurement module helps businesses to manage the Catalog, Budget, Requisition and Purchase requisition-to-purchase process. With SxM module, customers can have a single database of their suppliers for their entire organization and the procurement processes. With the spend analysis module, customers can easily slice and dice all of the data running through the platform.

Company Details

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Awards & Recognition

Promena e-Procurement won the following awards in the Strategic Sourcing category

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2024 Emotional Footprint Champion

Latest Award, 2024

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

Latest Award, 2024

2024 Data Quadrant Gold Medalist

2024

11 Top Rated Capabilities

9 Top Rated Features

2024

2023 Emotional Footprint Champion

2023

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

2023

2023 Data Quadrant Gold Medalist

2023

10 Top Rated Capabilities

10 Top Rated Features

2023

Promena e-Procurement Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Promena e-Procurement.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

89 Likeliness to Recommend

1
Since last award

100 Plan to Renew

86 Satisfaction of Cost Relative to Value

1
Since last award

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+98 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Promena e-Procurement?

0% Negative

0% Neutral

100% Positive

Pros

Helps Innovate
Continually Improving Product
Performance Enhancing
Enables Productivity

Feature Ratings

Average 83

eAuction Functionality

Community Support

Consulting & Advisory

ERFx

Auction Management

Supplier Management

Spend Analysis

Procurement Management

Communications

Catalog Management

Workflow Management

Vendor Capability Ratings

Average 84

Business Value Created

Ease of IT Administration

Usability and Intuitiveness

Ease of Data Integration

Vendor Support

Quality of Features

Ease of Implementation

Availability and Quality of Training

Ease of Customization

Product Strategy and Rate of Improvement

Breadth of Features

Promena e-Procurement Reviews

AHMET N.

Role: Information Technology
Industry: Manufacturing
Involvement: IT Development, Integration, and Administration

Validated Review

Verified Reviewer

Submitted Jun 2022

good price but not easy use or friendly

Likeliness to Recommend

8 /10

What differentiates Promena e-Procurement from other similar products?

cheaper then similar products

What is your favorite aspect of this product?

good vendor management system

What do you dislike most about this product?

item describe not enough information

What recommendations would you give to someone considering this product?

I recommend this product

Pros

Continually Improving Product
Includes Product Enhancements
Helps Innovate
Reliable

Role: Operations
Industry: Other
Involvement: Vendor Selection and Purchasing

Validated Review

Anonymous Reviewer

Submitted Apr 2022

Relationship, Price, Vendor Man. & Auction Man.

Likeliness to Recommend

10 /10

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

MERT K.

Role: Vendor Management
Industry: Energy
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jan 2022

inevitable tool for our commercial negotiations

Likeliness to Recommend

9 /10

What differentiates Promena e-Procurement from other similar products?

Competent workforce client focused

What is your favorite aspect of this product?

watching a live e-auction

What do you dislike most about this product?

Doesn't exist

What recommendations would you give to someone considering this product?

They should immediately ask for a demo. As a user, I'm delighted to proceed some of my strategic auctions on Promena.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Promena e-Procurement

What is Promena e-Procurement?

Company Details

Need Assistance?

Awards & Recognition

2024 Emotional Footprint Champion

2024 Data Quadrant Gold Medalist

2023 Emotional Footprint Champion

2023 Data Quadrant Gold Medalist

Promena e-Procurement Ratings

89 Likeliness to Recommend

1 Since last award

100 Plan to Renew

86 Satisfaction of Cost Relative to Value

1 Since last award

Emotional Footprint Overview

+98 Net Emotional Footprint

How much do users love Promena e-Procurement?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

eAuction Functionality The ability to provide forward, reverse, Japanese, Dutch, and English step auctions.

Community Support Highly personal support service to both buyer and supplier communities, ensuring proposal uptake and supplier help.

Consulting & Advisory Consult and advise on procurement support, managed services, group purchasing organization (GPO) and strategic sourcing initiatives such as measurable savings.

ERFx Evaluation and scoring of supplier responses.

Auction Management Includes bid management, bidder management and buyer notifications.

Supplier Management Supplier collaboration, including Quarterly Business Review Meetings, Scorecards, KPI and SLAs.

Spend Analysis Includes data visibility and quality, supplier ranking, and compliance and reporting.

Procurement Management Includes purchasing and procurement management, as well as supplier management and optimization.

Communications Includes communication portals or secure messaging or automated alerts.

Catalog Management Includes customizable shipping and payment options, product pricing, advanced catalog search, and navigation.

Workflow Management Includes ability to support flexible and comprehensive workflow-based capabilities.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Promena e-Procurement Reviews

AHMET N.

good price but not easy use or friendly

Likeliness to Recommend

Pros

Relationship, Price, Vendor Man. & Auction Man.

Likeliness to Recommend

Pros

MERT K.

inevitable tool for our commercial negotiations

Likeliness to Recommend

Pros

Most Popular Promena e-Procurement Comparisons

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Feature Ratings

eAuction Functionality

Community Support

Consulting & Advisory

ERFx

Auction Management

Supplier Management

Spend Analysis

Procurement Management

Communications

Catalog Management

Workflow Management

Vendor Capability Ratings

Business Value Created

Ease of IT Administration

Usability and Intuitiveness

Ease of Data Integration

Vendor Support

Quality of Features

Ease of Implementation

Availability and Quality of Training

Ease of Customization

Product Strategy and Rate of Improvement

Breadth of Features