oboloo an innovative cloud-based, self-service procurement software platform has launched the world’ s first free procurement software solution for small and medium enterprises( SMEs) and charities, removing the cost barriers to make powerful procurement tools available to more businesses. said James Lancaster, Co-Founder at oboloo.“ Every day brings new financial pressures and businesses simply can’ t afford to let costs spiral due to a lack of visibility or well-intentioned but outdated procurement practices.

The Free Forever Plan offers visibility and control over sourcing, contracts, suppliers and savings in one easy to use platform, helping to significantly improve cost control and reduce financial risks.

Just as CRM solutions have evolved from enterprise-only software into indispensable tools for SMEs, oboloo believes procurement software should be just as accessible.

Mounting cost pressures is driving a near 30-year high of businesses failing in the UK, with official government statistics putting this figure at 2,000 businesses per month, with the majority being SMEs.

Key features of the Free Forever Plan include:

• A hub for all supplier and contract information to ensure clear visibility

• Automated email alerts to notify of upcoming contract renewals and builtin audit trails

• A step-by-step process to manage supplier sourcing events

• A tracker to help record savings achieved

• Integration capabilities with a wide range of third-party business softwares

“ SMEs are the backbone of the UK economy, yet they are the hardest hit during periods of economic instability,”

“ With our Free Forever Plan, we’ re removing cost as a barrier and putting powerful procurement tools directly into the hands of businesses, helping them to stay on top of supplier decisions and costs.

“ Unlike traditional procurement solutions that are often expensive and complex to implement, oboloo has been designed to be intuitive, fast to implement and easy to scale.

“ This launch marks a significant step in oboloo’ s mission to democratise procurement technology, making it accessible to every business, regardless of size or budget, at a time when it matters most.” �

At the same time, recent industry research showed between 25 – 40 % of subscriptions and licences go unused or underutilised with auto-renewals acerbating the problem and driving up costs.

The Free Forever Plan addresses this gap by giving SMEs immediate access to core procurement tools, enabling them to take control of their supplier relationships and contracts and make better-informed decisions.

Intelligent SME. tech

31