Services Procurement

Research by Ardent Partners indicates statement of work (SOW) accounts for as much as 55-65% of overall contingent workforce spend and 81% of companies cite services procurement as a major priority. Technology-enabled management of SOW services provides the visibility and governance necessary to consistently deliver projects on time and on budget.

Key Capabilities of Procurewise

Procurewise offers unique capabilities, unsurpassed value, and unmatched support to enable procurement and project teams to streamline procurement of professional services and project management.

AI-Powered Services Procurement

Our AI-powered platform can help you digitally transform how you procure professional services and manage projects, resources, and budgets.

Integrated Workforce Ecosystem

Leverage hundreds of integrations with a vast ecosystem of service providers and utilize out-of-the-box APIs and tools for your business needs.

Streamlined Workflow Automation

Automate the full lifecycle of Services Procurement to simplify and standardize processes to reduce time, cost, and complexity for all stakeholders.

Governance and Compliance

Monitor and manage every stage of Services Procurement with flexibility, visibility, and control over contract governance and legal compliance.

Advanced Business Intelligence

Utilize dashboards, reporting, and analytics to make data-driven procurement decisions based on performance, efficiency, and cost-effectiveness.

How Procurewise Works

Managing your SOW services through a centralized location keeps your project moving forward.  Use Procurewise to define project milestones and deliverables, oversee top-tier suppliers, and track your project’s progress from start to finish.

Source SOW Requirements

Create your statement of work (SOW), automatically request bids from qualified vendors, and evaluate proposals based on project or resource requirements and terms and conditions.

Engage Resources

Select and engage project vendors and onboard professional resources, if required, through standardized automated processes to ensure compliance with legal regulations and company policies.

Manage Projects and Assignments

Manage projects and assignments, including approving milestones and deliverables, timesheets, and invoices and payments, and communicate with vendors and resources with on-board tools.

Utilize Third-Party Integrations

Streamline and simplify the entire Services Procurement lifecycle by utilizing integrations with third-party service providers to manage all SOW data in one easy-to-use platform.

Analyze Outcomes

Apply advanced business intelligence to access real-time data and analytics, and use intuitive dashboards and robust reporting, to analyze spend, vendor performance, and business outcomes.