Cloud-based, self-service procurement software platform, Oboloo, has launched what it says is the world’s first free procurement software solution for SMEs and charities. 

As costs rise and economic uncertainty persists, Oboloo says SMEs are under increasing pressure to manage their procurement more effectively, yet many still rely on spreadsheets to track contract renewals and manage suppliers.

Oboloo’s Free Forever Plan is promoted as offering 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. 

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 built-in 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

Oboloo co-founder James Lancaster says SMEs are the backbone of every economy, yet they are often the hardest hit during periods of economic instability.

“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pressures and businesses simply can’t afford to let costs spiral due to a lack of visibility or well-intentioned but outdated procurement practices,” he says.

“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.”

The Free Forever Plan is available globally. Businesses can create an account and start using oboloo in “minutes” at oboloo.com.