SourceEzy Technologies: Enabling businesses to significantly enhance productivity and reduce costs while increasing tran

(L-R: Deepak Ramesh, Chaitra Prabhakar, Alwyn Santhumayor)

Advancement in internet technologies has had a great impact on sourcing practices and strategies. One such development is e-procurement which offers a completely unique and novel way of streamlining procurement processes to create several benefits including Significant Cost Reduction, Greater Spend Visibility, Enhance Productivity, Increased internal Controls, greater compliance and strong audit trail. Perfectly positioned to offer these benefits to businesses, SourceEzy Technologies offers its Cloud-based E-procurement Platform to support organizations in all their procurement needs.

Founded in 2012 by Deepak Ramesh and Chaitra Prabhakar, the angel funded SourceEzy Technologies, with offices in Bengaluru and Dubai, launched its Cloud-based e-procurement software and Sourcing Consulting services to meet the procurement needs of not only large organizations but also SMEs that were in dire need of these services.

“We noticed a huge vacuum in the SME segment where organizations were on the lookout for solutions to streamline their procurement processes and increase transparency, compliance and auditability in their end to end processes,” says Deepak Ramesh, Founder and Managing Director, SourceEzy Technologies. “We built our Cloud-based E-procurement platform which is offered along with consulting services at a reasonable price, to meet the procurement needs of organizations of all sizes. Our
clients have used the platform for years and reaped the benefits of the software and consulting services year on year,” Deepak adds.

Bringing these benefits to its customers, SourceEzy’s Platform offers various features to capture spend demand, helps companies onboard existing and new vendors, modules for e-RFI, e-RFP, e-tendering, Online negotiations and price discovery through reverse and forward auctions, vendor selection / approval and online purchase orders. SourceEzy’s clients have saved over 10% on spends routed through the software and have access to a large number of vendors on the platform who cater to indirect spends, direct spends, Capex and services. SourceEzy’s consulting team runs hundreds of e-sourcing projects for its clients on a weekly basis.

" We noticed a huge vacuum in the SME segment where organisations were on the lookout for solutions to streamline their procurement processes and increase transparency, compliance and auditability in their end to end processes"

SourceEzy has an experienced consulting team that works closely with clients to manage the entire procurement process end to end and is equipped with a dedicated Vendor Discovery team to help clients identify new vendors both locally and internationally.

Having operated in this domain for over 7 years and worked with clients in different countries and various industries, SourceEzy Technologies, with its team of experienced professionals has catered to the procurement needs of clients in various industries like Banking, Retail, Manufacturing, Construction, Healthcare, and Hospitality across four countries.

SourceEzy also has a strategic alliance with Prudent CFO, a Tax and Business consultancy firm, having offices in India, United Arab Emirates, and the United Kingdom and offers the following services for both buyers and vendors and offers Domestic Trade Finance, Factoring “On open account”– Simple factoring, Invoice Discounting, Export Trade Finance, Factoring Via Payment against documents and Letters of Credit, Third Party LC’s and Bank Guarantees.