What is Procurement Software?

Procurement has long been stuck in spreadsheets and manual approvals—but that’s changing fast. In this first episode of Sourced by Cofactr, host Ed Dodd, VP of Business Development at Cofactr, draws on 20 years in high-compliance electronics to explore how modern procurement software is transforming operations. From Source-to-Pay and Procure-to-Pay systems to full ERP integrations, Ed unpacks how technology is shifting procurement from a cost center to a strategic driver. You’ll hear real-world examples from startups to global enterprises, uncover the warning signs that it’s time to upgrade your tools, and learn why adoption, integration, and clean data are key to unlocking the full potential of procurement technology. Whether you’re running a small team or leading a global supply chain, this episode shows how procurement software can boost efficiency, cut costs, and give your company a competitive edge.