The cloud-based system includes features such as RFQ and purchase order tracking, communications and documentation management, and vendor terms management or invoice generation and tracking depending on whether the user is a buyer or seller.
The company says that the application can also be used as a “mini-procurement system” for those who do not have an in-house purchasing set-up.
“Typical corporate software systems can be expensive to license and support. This is also true of eProcurement systems, even if they are cloud-based. Moving software delivery to the cloud in a Software-as-a-Service (SAAS) model should deliver an equal or better end-user experience along with an overall cost saving for both buyer and seller,” said Issa Odeh, CEO of iMarine Software.
“We are not seeing this in the current market and feel that this is preventing many companies from moving to an automated eProcurement system. Current systems are either too complicated, too expensive, or both.”
“We developed SeaProc to provide the same robust features and benefits at a price point that any fleet owner, operator, and their suppliers can afford. We believe the benefits of an eProcurement system should be available to any company that wants it regardless of size.”
SeaProc's software runs in a cloud server environment that the user accesses using an internet browser. Shipping companies aiming to purchase items via the service can access the system at no charge, while the suppliers are charged a monthly access fee.
“There are no other transaction fees or charges of any kind. There are no contracts or annual support policies and creating a user account is quick and easy on our website. We expect this pricing model to provide substantial savings for both parties,” said Mr Oddeh.
The company also offers an integration application service to link the service to a ship owner's current fleet management system (FMS), to facilitate the exchange of data between the two products.