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mjunction offers e-procurement on Cloud

New Delhi, June 22 (UNI) With the world shifting from products to platforms, B2B Ecommerce company mjunction services limited has transitioned from selling its e-procurement application as a licensed software to making it available on Cloud, a statement said.
This new user-friendly platform is capable of supporting simple to complex procurement, covering the entire procurement life cycle.
“What sets our platform apart is its ability to support diverse requirements, unlike traditional procurement software,” informed mjunction CEO Mr Vinaya Varma.
He said that just like one size does not fit all, one standard procurement process cannot serve diverse organisations. Traditionally, organizations were forced to change their practice while adopting a new platform or incur high cost towards customisation of software. However, mjunction’s e-procurement platform allows organisationsto design their own workflow and rules, and to configure the system as per their need.
Not only that, it gives organisations the option to “pay as they use” – which means that once they pay a sign-up fee, they need to pay only for the number of transactions they have done through the platform, and not otherwise. This helps organisations to make upfront capital investment, Mr Varma informed.
Sukanta Sarkar, Director IT of the Ordnance Factory Board (OFB) under the Ministry of Defence, said that, “I am very satisfied with mjunction’s services in developing, deploying and maintaining our e-procurement system.” mjunction has been serving OFB since 2010.
“The world today is highly connected and networked. Realising that, mjunction’s system is connected to the ERP systems of organisations for seamless data exchange. The e-platform enables organisations to share supplier performance ratings with other organisations, which is not possible in an isolated standalone e-procurement implementation,” the release stated.
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