In the ever-evolving world of procurement, specialized tools that focus on the purchasing request and workflow process are gaining prominence. Unlike general eProcurement Suites, these tools offer tailored solutions that address the unique complexities of procurement. They provide a streamlined, user-friendly experience that enhances efficiency, compliance, and transparency. Let's explore two such tools: Formcycle and Lhotse
Formcycle is a versatile tool designed for creating and managing various forms such as WebApps, registration forms, insurance applications, administrative forms, and more. It's a highly customizable, easy-to-set-up solution that offers features like:
Formcycle's generic nature allows customers to use it for various use cases. However, it's not focused on integrating into existing systems (such as SAP) and processes.
Lhotse takes a specific approach that focuses on the complexities of creating and approving purchasing requests and the problems associated with this (e.g. maverick buying, low PR quality, missed cost savings). Unlike generic form builders, Lhotse integrates into systems such as SAP, enabling the use of existing data like suppliers, cost centres, material groups, etc. Its unique selling points include:
Both Formcycle and Lhotse offer easy setup, with Formcycle allowing immediate start and Lhotse requiring 5-10 days for integration into existing data. Both are intuitive and come with a no-code form and workflow builder.
Formcycle: Covers broader use cases and offers a highly customizable, generic form builder. May not specifically address Maverick Buying.
Lhotse: Procurement-focused, complementary to existing S2P processes, and integrates seamlessly with systems like SAP. Specifically designed to tackle issues like Maverick Buying.
In conclusion, while Formcycle offers a versatile solution for various needs, Lhotse provides a specialized tool for procurement forms. Choosing between the two depends on the specific requirements and focus of your organization.
Remember, each organization has unique needs, so evaluating your specific requirements is essential before making a decision. Your procurement efficiency is at stake, and choosing the right tool can make a significant impact on your overall operations.
We are happy to help you with this decision. Make an appointment for a private demo with us and we will discuss your specific needs.
