Company Overview

About ORPM

ORPM Details

Founded

2019

Revenue

$74M

Funding

$123K

Team Size

20K

What SIA Thinks

ORPM is a Software-as-a-Service (SaaS) solution designed to simplify Online Requisition and Purchase Management for businesses of all sizes. Imagine having a tool that takes the hassle out of tracking purchase requests, approvals, and vendor interactions. That's what ORPM does. It gives companies a clear way to manage their purchasing process in a streamlined, efficient manner.

This software is built to be user-friendly, so you don’t need to be an IT expert to use it. With ORPM, businesses can easily keep tabs on what has been ordered, where the orders are in the process, and what still needs approval. This helps to avoid confusion and errors that typically come with manual purchase management.

ORPM comes packed with features that make purchasing smoother. For instance, it offers automated workflows for requisition approval, ensuring that requests never get lost and are always directed to the right people. Notifications and alerts help keep everyone in the loop, so nothing falls through the cracks.

Another benefit is the platform's ability to centralize vendor information. This means you can store all vendor details, communication logs, and transaction history in one place, making it easy to access and manage. Plus, you can generate insightful reports on your purchasing activities, which helps in making informed business decisions.

One of the standout points of ORPM is its flexibility. It can be customized to fit specific business needs, whether it's a small startup or a large corporation. It integrates smoothly with existing systems, so you don’t have to worry about any disruptions during implementation.

In short, ORPM is all about making the purchase management process more organized and less time-consuming. It helps teams focus on what they do best, without getting bogged down by the complexities of procurement.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
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Pros and Cons

Pros

  • User-friendly
  • Cost effective
  • Efficient processes
  • Time-saving features
  • Scalable platform

Cons

  • Initial setup cost
  • Limited customization
  • Limited integrations
  • Learning curve
  • Subscription fees

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