Digitalize Procurement

The government through Ministry of Finance (MOF) is working together with Bank
Simpanan Nasional (BSN), SME Bank and Malaysia Digital Economy Corporation (MDEC)
in managing the grant to eligible Small & Medium Enterprises (SMEs)
to adopt digitalization in daily operations.

The government will provide a 50% matching grant of up to RM5,000 per company for the subscription of procurement services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to upgrade their systems.

Digitalize Procurement

The government through Ministry of Finance (MOF) is working together with Bank Simpanan Nasional (BSN), SME Bank and Malaysia Digital Economy Corporation (MDEC) in managing the grant to eligible Small & Medium Enterprises (SMEs) to adopt digitalization in daily operations.

The government will provide a 50% matching grant of up to RM5,000 per company for the subscription of procurement services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to upgrade their systems.

Technology Solution Provider (TSP)

TSP is a technology company identified to support Malaysian SME’s in digital
adoption under SME Business Digitalization Grant

Privasia Sdn Bhd, a subsidiary of Privasia Technology Berhad, a public listed company. We are leading technology company specialized in IT consultancy, software development & implementation and eProcurement.

Procurehere is Saas enterprise tool under Privasia Sdn Bhd that integrate with business process solutions and delivers secure, accessible and affordable procurement tools to help you garner more saving and enhance engagement with your suppliers.

Technology Solution Provider (TSP)

TSP is a technology company identified to support Malaysian SME’s in digital adoption under SME Business Digitalization Grant

Privasia Sdn Bhd, a subsidiary of Privasia Technology Berhad, a public listed company. We are leading technology company specialized in IT consultancy, software development & implementation and eProcurement.

Procurehere is Saas enterprise tool under Privasia Sdn Bhd that integrate with business process solutions and delivers secure, accessible and affordable procurement tools to help you garner more saving and enhance engagement with your suppliers.

Procurehere’s Features

  • Simplified sourcing tool streamlined to help obtain viable and accurate submissions from suppliers via Tenders and Bidding.

  • Transparent, audit-ready, approval & tracking system for purchase request and purchase orders.

  • The approval made easy with a mobile app that allows the management team to approve event, while on the go.

  • Reduce procurement cost and enhance savings using Sourcing and Auctions tools.

  • Unlimited access to our Global pool of Suppliers.

Procurehere’s Features

  • Simplified sourcing tool streamlined to help obtain viable and accurate submissions from suppliers via Tenders and Bidding.

  • Transparent, audit-ready, approval & tracking system for purchase request and purchase orders.

  • The approval made easy with a mobile app that allows the management team to approve event, while on the go.

  • Reduce procurement cost and enhance savings using Sourcing and Auctions tools.

  • Unlimited access to our Global pool of Suppliers.

Procurehere Capabilities

E-Sourcing

With Procurehere Strategic Sourcing, you can choose the right suppliers by uncovering new sourcing opportunities and consolidating your spend all within 1 platform. Start realizing cost savings for every purchase done.

E- Bidding

3 types of Auction Procurehere host English, Dutch and Sealed Bid, all of them can be set either forward or reverse auctions. This means your business is empowered to pick the auction type which best fits the needs of your project, delivering maximized savings with minimal hassle through our simplified e-auction solution.

Procure to Pay

Procure to Pay made simple! Strengthen compliance and gain control on account payables, suppliers, buyers and regulators.

Spend Analytics

Procurehere’s Spend Analytic assist in collecting and cleansing historical data, providing real time spend data for planning and compliance initiatives.

Contract Management

Procurehere Contract Management Solution streamlines and automates contract processes by eliminating inefficacy and disconnection from a procurement process. Contract Management covers Contracted Product Items Purchase and Contract e-Signature to strengthen compliance and improving efficiency in the process.

Supplier Management

Procurehere’s Supplier management tool provides a comprehensive streamlined solution for managing all your suppliers across the entire supply chain process.

Procurehere Capabilities

E-Sourcing

With Procurehere Strategic Sourcing, you can choose the right suppliers by uncovering new sourcing opportunities and consolidating your spend all within 1 platform. Start realizing cost savings for every purchase done.

E- Bidding

3 types of Auction Procurehere host English, Dutch and Sealed Bid, all of them can be set either forward or reverse auctions. This means your business is empowered to pick the auction type which best fits the needs of your project, delivering maximized savings with minimal hassle through our simplified e-auction solution.

Procure to Pay

Procure to Pay made simple! Strengthen compliance and gain control on account payables, suppliers, buyers and regulators.

Spend Analytics

Procurehere’s Spend Analytic assist in collecting and cleansing historical data, providing real time spend data for planning and compliance initiatives.

Contract Management

Procurehere Contract Management Solution streamlines and automates contract processes by eliminating inefficacy and disconnection from a procurement process. Contract Management covers Contracted Product Items Purchase and Contract e-Signature to strengthen compliance and improving efficiency in the process.

Supplier Management

Procurehere’s Supplier management tool provides a comprehensive streamlined solution for managing all your suppliers across the entire supply chain process.

Benefits to SME

Save Time

  • Comprehensively reduce Sourcing Time

  • Decrease time of overall procurement

  • Strategic sourcing and negotiation tool

Save Money

  • 17% cost saving from e-sourcing

  • No IT infrastructure or training cost

  • Significantly improve efficiency from automated processes

Work on the Go

  • Secured cloud-based software, accessible anywhere, anytime

  • Mobile application for simple overview and approval

  • 24/7 online knowledge base and customer support

Streamline Workflow

  • Establish team networks for easy collaboration

  • Reduce approval from weeks to hour

  • Can be seamlessly integrated with ERP solutions

Increase Oversight

  • Comprehensive audit trail

  • Eliminate maverick buying

  • Business transparency

Benefits to SME

Save Time

  • Comprehensively reduce Sourcing Time

  • Decrease time of overall procurement

  • Strategic sourcing and negotiation tool

Save Money

  • 17% cost saving from e-sourcing

  • No IT infrastructure or training cost

  • Significantly improve efficiency from automated processes

Work on the Go

  • Secured cloud-based software, accessible anywhere, anytime

  • Mobile application for simple overview and approval

  • 24/7 online knowledge base and customer support

Streamline Workflow

  • Establish team networks for easy collaboration

  • Reduce approval from weeks to hour

  • Can be seamlessly integrated with ERP solutions

Increase Oversight

  • Comprehensive audit trail

  • Eliminate maverick buying

  • Business transparency

SME Grant Eligibility

  • The company is at least 60% Malaysian owned

  • The company is registered under the relevant laws of Malaysia

  • The company has been in operation for at least one (1) year

  • Company which has been in operation for one (1) year, the company is required to have a minimum annual sales turnover of RM100,000.00 for the first year

  • Company which have been in operation for two (2) years or more, the company is required to have a minimum annual sales turnover of RM50,000.00 for the preceding two (2) consecutive year.

SME Grant Eligibility

  • The company is at least 60% Malaysian owned

  • The company is registered under the relevant laws of Malaysia

  • The company has been in operation for at least one (1) year

  • Company which has been in operation for one (1) year, the company is required to have a minimum annual sales turnover of RM100,000.00 for the first year

  • Company which have been in operation for two (2) years or more, the company is required to have a minimum annual sales turnover of RM50,000.00 for the preceding two (2) consecutive year.

Application Workflow & Documents

Workflow

Application Workflow & Documents

Workflow

Documents

  • Copy of identification card or passport of director (s)/ partner(s) / Proprietor (s) whichever is applicable.

  • Complete application form & declaration form.

  • Copy of business registration licenses (CCm, Form A/B, Form 24 & 49 and M&A or any similar forms under the company act 2016).

  • Audited financial statement for the last financial year and the latest management account or evidences of sales turnover (if any).

  • Company bank statement for the last two (s) month.

  • Invoicing/ Billing and services agreement from authorized TSP list by MDEC.

  • Company’s profile (If any)

Contact Sales

Documents

  • Copy of identification card or passport of director (s)/ partner(s) / Proprietor (s) whichever is applicable.

  • Complete application form & declaration form.

  • Copy of business registration licenses (CCm, Form A/B, Form 24 & 49 and M&A or any similar forms under the company act 2016).

  • Audited financial statement for the last financial year and the latest management account or evidences of sales turnover (if any).

  • Company bank statement for the last two (s) month.

  • Invoicing/ Billing and services agreement from authorized TSP list by MDEC.

  • Company’s profile (If any)

Contact Sales

Product Offering

Starter pack (3 Users)

RM7,500
  • Additional user add-on: RM 4,800/User
  • Recommended for any business size and users
  • RFx/Tender
  • RFi
  • RFp
  • RFq
  • RFt (i.e. Tender)
  • Auction
  • English Auction
  • Dutch Auction
  • Sealed Bid
  • Requisitioning
  • Usage
  • Unlimited Event

Product Offering

Starter pack (3 Users)

RM7,500
  • Additional user add-on: RM 4,800/User
  • Recommended for any business size and users
  • RFx/Tender
  • RFi
  • RFp
  • RFq
  • RFt (i.e. Tender)
  • Auction
  • English Auction
  • Dutch Auction
  • Sealed Bid
  • Requisitioning
  • Usage
  • Unlimited Event