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Industry Intelligence

OfBusiness - Smart e-procurement for SMEs

20 Jul 2021
OfBusiness - Smart e-procurement for SMEs

OfBusiness is Indiaโ€™s first financing and fulfillment platform. Our in-depth experience and expertise in end-to-end procurement will digitize and transform your raw material procurement system. With our high level of accomplished data analytics and data extraction abilities, we aim to take your current procurement process to a whole new level. Our procurement company offers a wide range of solutions and in-house services to help our customers whenever wherever. Our services include :

Quoting the best prices

With our integrated e-procurement processes, you will be able to find the best prices for the raw materials that you want to procure. Our smart procurement system also provides you with the best group buying rates.

Management system

Our e-procurement system keeps an eye at every stage of your contract initiation to the very end including quoting, bidding, etc. It also manages everything in a way to provide better transparency and to achieve a greater level of efficiency so that all the administrative costs are also lowered.

Collateral free creditย 

Our system offers you a collateral-free credit of up to 2 crores which is based on a practical evaluation. The limit is assigned to you as per your working capital requirement. This way, you only pay interest for the amount that you have used. This limit can be used for the e-procurement of raw materials, machinery, etc. This facilitates a process to form a common stage for collaborations between organizations and traders to make the raw material procurement process easier.ย 

Supplier management system

Once the credit limit is offered the platform fetches quotes from many manufacturers and suppliers. These are some of the most crucial stages in an e-procurement system. We use technology for digital procurement that is efficient in real-time integrated reporting at multiple stages of the process which facilitates the process in a much better way.

There are also several advantages which you can avail through our services which are as follows :

Fast and hassle-free process

OfBusiness offers you simple, fast, and hassle-free solutions. Our strategic sourcing methods are the best. Also, there are no hidden penalties or prepayment charges which assure that you receive the best always.

Savings

At OfBusiness you not only save financially but you can also make a balance by making material savings using our e-procurement platform

Financial savings

You can get great cash discounts on paying the suppliers upfront with added benefits of getting lower interest rates on our website.

Material savings

We fetch you the best prices in the market for your need of materials. Also, you get added benefits by receiving quotes from 100+ suppliers in the process of negotiating the prices.

Best in class delivery services

Once you have completed all the necessary steps from your side, our team works on your behalf to ensure the delivery. You can track your delivery through our online app. We always aim to deliver the best from the start till the very end of this process.

We have built a reputation based on the hard work that has helped us to make a good foothold in this area. Donโ€™t wait, download OfBusiness app and take a step forward towards making your e-procurement process better!

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