Elcom International Inc. (ELCO)

Overview

Elcom International Inc. is a global provider of cloud-based e-procurement solutions, designed to streamline the procurement and invoicing processes for a broad range of sectors, including governments, educational institutions, healthcare organizations, and private enterprises. Founded in 1992 and headquartered in Braintree, Massachusetts, Elcom International Inc. specializes in delivering comprehensive Procure To Pay (P2P) solutions. These include managing and publishing supplier content, connecting buyers with suppliers, and delivering detailed analytics on spend and procurement activities. Elcom’s services are geared towards enhancing procurement efficiency, ensuring supplier compliance, and driving cost savings for its clients worldwide.

Products and Services

Procure to Pay Solutions: Elcom’s flagship offering, focusing on streamlining every step of the procurement process, from publishing and managing supplier content to connecting buyers with the right suppliers. The solution offers extensive capabilities for analyzing spend and optimizing procurement processes to achieve efficiency and cost savings.

eInvoicing Solutions: This service enables seamless sending and receiving of electronic invoices, ensuring that all transactions are digital, easy to track, and secure. Elcom guarantees supplier adoption, making it effortless for clients to transition to eInvoicing and achieve significant reductions in processing costs.

Sourcing Solutions: Elcom provides robust tools to research and connect with potential suppliers, both locally and globally. This aids in the optimization of the supply chain by discovering suppliers who can meet specific procurement requirements, ensuring competitiveness in sourcing activities.

Services for Buyers: Elcom offers a suite of services tailored for buyers, including catalog processing and the development of punchout catalogs. Additionally, it facilitates the integration of the PECOS solution into existing purchasing processes, enhancing procurement strategies and operations.

Services for Suppliers: To support its supplier users, Elcom offers comprehensive onboarding services to help new suppliers utilize the solution effectively. Furthermore, suppliers gain access to demand-generating activities and can access bids related to their products and services, opening up new opportunities for business growth.