e-Procurement

e-Procurement is the business-to-business purchase and sale of supplies and services over the Internet. The e-procurement helps both the buyers and the suppliers to reduce the cycle time, unnecessary paper work, waiting in long queues and simultaneously maintain the transparency in the entire process.

E-Lock Solutions integrate into the e-Procurement application providing the necessary authentication, confidentiality, security and Non Repudiation to the transacted data. Any document or form can be signed using the E-Lock digital signature solution the suppliers can digitally sign the data submitted making it legitimate. Which is then encrypted and forwarded to the server where it is first decrypted and verified and then forwarded for the further processing.

E-Lock’s modular approach makes it easier to implement the Digital signing and authentication solution in the e-procurement application without disturbing the current workflow. Making the Procurement process Secure, Faster and Paperless.

Presently OIL India LTD uses the E-Lock Digital Signature Solution in its e-Procurement application to enable the vendors to digitally sign the data they provide through the procurement website and authenticate the submitted data.