Name: PRM360 Simplified Procure-to-Pay Suite
Rating: 4.7 (151 reviews)

Overview

Product Information on PRM360 Simplified Procure-to-Pay Suite

Updated 13th October 2025

What is PRM360 Simplified Procure-to-Pay Suite?

PRM360 Simplified Procure-to-Pay Suite is a software designed to streamline and automate the procurement and payment processes within organizations. The software facilitates supplier management, sourcing, procurement, and invoicing functions through a centralized platform. It provides tools for managing purchase requisitions, purchase orders, supplier quotations, and approvals, along with invoice processing and payment tracking. The software aims to improve operational efficiency by reducing manual intervention, enhancing transparency, and ensuring compliance with organizational procurement policies. It is utilized for addressing challenges in managing end-to-end procurement workflows, reducing errors, and improving visibility into expenditure and supplier interactions.

Overall experience with PRM360 Simplified Procure-to-Pay Suite

Procurement Coordinator

Gov't/PS/ED <5,000 Employees, Education

FAVORABLE

“Reduced Paperwork and Error Rates ”

4.0

Jul 14, 2025

It was an amazing experience. PRM360 automates the entire Procure-to-Pay cycle, reducing manual intervention and minimizing errors, which leads to faster procurement and payment cycles.

Manager, Supply Chain

50M - 250M USD, Consumer Goods

CRITICAL

“Need improvement in user friendly frontend for Buyer”

3.0

Oct 19, 2022

Very Good Concept, Need improvement in self resolving , anticipated problem on missing master data alerts to users.

About Company

Company Description

PRM360 is a product developed by a startup aiming to digitize and simplify price negotiation processes. The central goal of the tool is to increase efficiency during vendor negotiations. Designed to host and manage online negotiations, users can invite their regular vendors, obtain quotations, and perform online comparisons. The tool is aimed at creating a competitive environment promoting vendors to offer their most advantageous prices. PRM360 can be utilized for transactions of any vertical, as long as the transaction value equals or exceeds 1 lakh rupees. The tool is positioned to generate average savings of 10-15%, offering no extra implementation costs since it seamlessly integrates with the user's existing procurement process. Additional features offered by the tool include procurement pattern identification, exploration of market trends for cost reduction opportunities and vendor management services to ensure users work with competitively priced and reliable vendors.

Company Details

Company type

Private

Year Founded

2016

Head office location

Hyderabad, India

Number of employees

51 - 200

Website

http://www.prm360.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: PRM360 Simplified Procure-to-Pay Suite

Performance of PRM360 Simplified Procure-to-Pay Suite Across Market Features

PRM360 Simplified Procure-to-Pay Suite Likes & Dislikes

- Reduced paperwork - Increased engagement - Streamline procurement process

Analysis / Reports

The Product provides a wide range of Procurement services like: RFQ floating Vendor Quotation Submission functionality Quotation Reviewing & Accepting or Rejecting option PR creation functionality PO creation functionality GRN creation Amending the PO Invoice creation both Direct & PO Based Asset Management Vendor Master Catalogue Master Integration with other ERPs like Oracle or SAP

- Difficult to integrate - Requires significant time and resources - Provides limited customization options

Master Data like product master and Vendor master data updation mandatory columns improper. and controls resulting in improper results after integration with Oracle application

Things that could be improved further are: Make the modules of the Application more access-driven Simplifying the Workflow creation method Dedicated mobile version of the Application

Top PRM360 Simplified Procure-to-Pay Suite Alternatives

Peer Discussions

PRM360 Simplified Procure-to-Pay Suite Reviews and Ratings

Recommended Gartner Insights

Gov't/PS/Ed

Education

Review Source

Reduced Paperwork and Error Rates

Procurement Associate

<50M USD

Services (non-Government)

Transforming Procurement: Exploring Innovative Vendor and Quotation Management Apps

Jan 24, 2025

I have been using this application for last 2yrs, it helps me in my Financial Management, by using following modules of the Application, like- PR Management, PO Management, Invoice Management, GRN Management etc.

Supply Chain Manager

50M-1B USD

Real Estate

Best in Market Procurement Tool to increase Transperency and Savings

5.0

Feb 28, 2023

We hve implemented PRM360 as a stand alone system with only couple of integration touch points at PO Level and invoice level with our ERP System. One thing which we are overjoyed about is the overall implementation timelines the team took. They just finished the implementation in a span of 4 weeks for the stand alone system with our required configurations and 2 more weeks for the integration piece. We have been using the system for the past year and half and so far have seen very little cases where i we have to go to them for suppport.

Manager

Healthcare and Biotech

Automate with PRM360 today for better tomorrow!

Outsmart the competition & save time & money with PRM360's automate procure-to-pay solution. Their intutive P2P product integrates seamlessly with our existing ERP system, allowing us to streamline the procure-to-pay process quickly and easily. Enjoy a complete, cost-effective solution that provides end-to-end visibility and accuracy , so you can focus on growing your business . Their automated P2P solution will revolutionize the way you do business, freeing up time and resources so you can focus on more important things. Stop wasting tome and money on manual transactions automate with PRM360 today!

SENIOR PROCUREMENT MANAGER

PRM 360

Mar 28, 2023

Need to improve for user friendly frontend for the purchasers.

Overview

Product Information on PRM360 Simplified Procure-to-Pay Suite

What is PRM360 Simplified Procure-to-Pay Suite?

PRM360 Simplified Procure-to-Pay Suite Pricing

Overall experience with PRM360 Simplified Procure-to-Pay Suite

“Reduced Paperwork and Error Rates ”

“Need improvement in user friendly frontend for Buyer”

About Company

Company Description

Company Details

Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: PRM360 Simplified Procure-to-Pay Suite

Performance of PRM360 Simplified Procure-to-Pay Suite Across Market Features

PRM360 Simplified Procure-to-Pay Suite Likes & Dislikes

Top PRM360 Simplified Procure-to-Pay Suite Alternatives

Peer Discussions

PRM360 Simplified Procure-to-Pay Suite Reviews and Ratings

Recommended Gartner Insights

About Company

Company Description

Company Details

PRM360 Simplified Procure-to-Pay Suite Likes & Dislikes

Recommended Gartner Insights

Top PRM360 Simplified Procure-to-Pay Suite Alternatives

PRM360 Simplified Procure-to-Pay Suite Reviews and Ratings

Performance of PRM360 Simplified Procure-to-Pay Suite Across Market Features

Reviewer Insights for: PRM360 Simplified Procure-to-Pay Suite

1. Coupa

2. SAP Ariba

3. GEP SMART

Reduced Paperwork and Error Rates

Transforming Procurement: Exploring Innovative Vendor and Quotation Management Apps

Best in Market Procurement Tool to increase Transperency and Savings

Automate with PRM360 today for better tomorrow!

PRM 360

4.7

(151 Ratings)

Rating Distribution

Customer Experience

Product Capabilities