ProcurePort Announces the Release of Spend Trend, an Enhancement to Its

Spend Analysis Software Allowing Companies to Track Increase/Decrease in

Spend Across Categories.

ProcurePort, leader in the enterprise SAAS software category for Online Procurement provides a
combination of Cloud hosted sourcing software such as RFP Software, RFQ Software, Online
Auction Software, Contract Management Software, Procure-to-Pay Software and Spend Analysis
Software. An enhancement to the Spend Analysis Software with Spend Trend allows ProcurePort
Clients to track increase and decrease in spend across suppliers, spend categories over monthly,
quarterly, annual periods.

Indianapolis, IN, July 16, 2018 --(PR.com)-- Spend Analysis is a critical part of Procurement. Without
visibility into procurement spend, it is impossible to make strategic sourcing decisions that help with
managing Procurement Spend.

After any Spend Analysis process, it is equally important to track ongoing spend to ensure that current
sourcing practices are performing optimally. ProcurePort's Spend Trend module allows companies to
track the increase or decrease in spend across different suppliers, spend categories and time periods. A
single dashboard allows procurement managers to monitor their spend to assess whether their current
sourcing practices are delivering the expected results.

Founded in 2011, the company has expanded its service set from discrete online auction tools to complete
on-demand sourcing solutions including providing sourcing, spend analysis services and Procure-to-Pay
Software. ProcurePort also provides an online marketplace solution that can be customized to launch
e-marketplaces in vertical specific B to B and B to C markets. Since the company's formation, its
operations have expanded from a single staff member to 84 technology and procurement professionals.

About ProcurePort
ProcurePort, a leader in cloud-based spend management software, enables businesses of all sizes globally
to streamline their procurement process. ProcurePort provides an easy to use suite of cloud hosted
procurement tools. The ProcurePort Source-to-Pay software includes capabilities such as e-RFI,
e-RFQ/RFP, Reverse Auction, P.O and Invoice Automation with full Inventory & Catalog management,
allowing customers to realize a return on investment within a few months of implementation. Learn more
at www.procureport.com or call 1.866.643.8153 (toll-free in North America).

Note to Media: To schedule an interview with a ProcurePort representative to discuss trends in

e-Sourcing, Online Procurement, e-Marketplaces, P.O and Invoice Automation, contact us at
sales@procureport.com

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Contact Information:
ProcurePort
Jack Smith
866-643-8153
Contact via Email
www.procureport.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/759443

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