Key features of vendor management software

Simplified Onboarding Process

• Make vendor onboarding easier and more digital.
• Define and attach mandatory onboarding documents for your company.
• New vendor screening and approval in real time via vendor system
• On successful vendor onboarding, automated notifications are sent to the appropriate parties.

Digitized Vendor Management Tool

• Manage vendor agreements easily
• Live vendor performance tracking based on on-time delivery, rejections, short/excess quantities, and so on.
• Set and track various vendor milestones.
• Track various tasks assigned for the vendor
• In a single click, you can blacklist a vendor from your company.

Advanced Assistance

• Reduces vendor go-live time significantly.
• Reduce data processing time and costs by using vendor login.
• Highlights the most cost-effective vendors and reduces overall procurement costs.
• When the agreement is up for renewal
• Limit vendors to a specific department or cost centre.

Control Procurement Cost

• Manage product pricing at the vendor level.
• Set the price validity period.
• Controlled access for vendor price management
• Set approval for vendor price increases.

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