The Howdy Glossary

Claritum is a cloud-based procurement software designed to facilitate the purchasing process for businesses by offering tools for managing suppliers, sourcing, contracts, RFx processes, and order processing. This platform focuses on streamlining complex procurement tasks and providing detailed analytics on spending and supplier performance. It supports mid-size enterprises and large organizations across various industries in their procurement needs.

The creation of Claritum was driven by developers and business experts seeking to simplify the purchasing process through a comprehensive cloud-based solution. The collective effort aimed at addressing the complexities of procurement management while providing valuable insights into spending patterns and supplier relationships. Specifically designed to optimize and automate procurement processes, Claritum enhances efficiency and transparency for businesses in different sectors such as retail, manufacturing, healthcare, education, finance, and public sector departments.

Claritum distinguishes itself with features tailored to robust supplier management, sourcing, contract management, RFx processes, and efficient order processing functionalities. Its emphasis on delivering detailed analytics about spending patterns sets it apart from traditional systems. While facing competition from other providers like Coupa, SAP Ariba, Jaggaer, and Procurify that offer similar solutions with unique customizations or integrations; Claritum's focus on simplicity paired with comprehensive functionality ensures its competitive edge in effectively catering to a wide range of mid-sized enterprises' diverse procurement requirements.