eProcurement, or electronic procurement, refers to the process of purchasing goods and services using digital systems and internet-based technologies. This method aims to streamline and automate the procurement process, making it more efficient, transparent, and cost-effective. Here are some key features and benefits of eProcurement:

1. Automation: Automates various procurement tasks, such as requisitioning, purchasing, order management, and invoice processing.
2. Transparency: Provides greater visibility into the procurement process, allowing for better tracking and management of orders and expenses.
3. Cost Savings: Reduces procurement costs by improving efficiency, reducing paperwork, and minimizing human errors.
4. Supplier Management: Facilitates better management of supplier relationships and contracts, including performance tracking and compliance.
5. Compliance: Ensures adherence to company policies and regulatory requirements through standardized processes.
6. Efficiency: Speeds up procurement cycles, leading to faster fulfillment of orders and improved overall operational efficiency.
7. Data Analysis: Provides valuable data insights and analytics, enabling better decision-making and strategic planning.
8. Integration: Often integrates with other enterprise systems like ERP (Enterprise Resource Planning) and SCM (Supply Chain Management) for seamless operations.

Typical eProcurement systems include modules for sourcing, contract management, purchase order processing, and supplier collaboration.