CormSquare logo

CormSquare

by Cormorant Engineering India Private Limited · Since 2015
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ActiveAvailable globallyCloud
Quick facts
VendorCormorant Engineering India Private Limited
Year launched2015
StatusActive
LocationNo. 683/A, 2nd Floor, 100 Ft Ring Road, 15th Cross, JP Nagar 2nd Phase, Bengaluru 560 078
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About CormSquare

CormSquare is a suite of software solutions for procurement, supply chain, and spend management. It offers tools for e-procurement, contract compliance, and multi-enterprise collaboration to automate processes and provide analytics.

CormSquare, from Cormorant Engineering, is a comprehensive platform for procurement and supply chain management. It offers a suite of modular solutions including e-Procurement, Spend Management, Contract Compliance, and Multi-Enterprise Supply Chain collaboration. The system is designed to automate processes from requisition to payment, featuring tools like e-auctions, digital catalogues, and self-service vendor portals. It emphasizes analytics and visibility across the supply network. The platform is cloud-based and designed to integrate with existing ERP systems. Pricing is not publicly available, requiring potential customers to book a demo for details. Support is offered via email.

Pros & Cons

Pros
  • Provides a comprehensive suite of tools covering the entire procurement lifecycle.
  • Enables collaboration across the entire supply chain network through a multi-enterprise platform.
  • Features strong analytics and reporting capabilities for data-driven decision making.
  • Designed for integration with existing ERP and third-party systems.
Cons
  • Pricing information is not publicly available and requires contacting the vendor for a demo.
  • The website does not offer a free trial or a free tier for evaluation.

Features

Key features

Multi-Enterprise Supply Chain

Provides visibility and collaboration across company boundaries to streamline processes and track progress.

e-Procurement Solutions

A procure-to-pay (P2P) suite including requisition management, auto-negotiation, eAuctions, and digital catalogues.

Spend Management

Enables real-time spend monitoring and control, with analytics to identify rationalization and demand aggregation opportunities.

Contract Compliance Management

Manages the post-signature lifecycle of contracts, ensuring service obligations are met and invoices are verified against contract terms.

Unified Procurement Operations

Automates order processing, e-invoicing, and e-settlement to reduce manual document checking and reconciliation.

Additional features

Self-Service Vendor Portals

Allows suppliers to manage their data, update transaction statuses, and collaborate within the supply chain network.

Business Logic Engine

Configures events, monitors transactions, and sets up 'what-if' scenarios to control supply chain processes with alerts and notifications.

Reports and Analytics

Provides a suite of reporting options to run queries across multi-enterprise data sources for actionable insights.

ERP Integrations

The platform is designed to integrate with ERP systems and other third-party software for a single version of data.

Requisition Management

Streamlines the requisition and e-quotation process to minimize maverick spending.

Digital Catalogues

Manages a full lifecycle of catalogues, including buyer-defined masters and supplier-published punch-out catalogues.

Supplier Information Management

Offers a self-service portal for efficient vendor onboarding, data maintenance, and auditing.

eInvoice and eSettlement

Electronically captures and processes invoices, automates reconciliation, and manages the accounts payable process.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
2
Billing currencies

Interface languages

English

Billing currencies

🇧🇩BDT🇺🇸USD

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