NextBuy is a standalone procurement platform designed for businesses with 50 or fewer employees. The system handles purchase order processing, regardless of whether purchase orders are generated by customers or employees. Users can communicate in real time with both customers and suppliers and create templates.
NextBuy features a supplier database to choose from that includes user ratings of supplier performance, as well as a catalog of products with a familiar shopping-cart style ordering interface that can integrate with supplier catalogs.
A contract management module can be used to manage documents related to contracts and notify users of upcoming contract expirations. NextBuy’s reporting module allows users to see average savings per product, open orders, price deviations and spend forecasts over a 30- or 60-day period.
NextBuy is a cloud-based system that is priced according to the number of users on a license. Billing is on an annual or monthly basis.