Why manage supplier information?
Improve Compliance. Ensure a single source of truth across your supplier data.
- Creating and updating vendor records can get really tedious and burdensome especially when there are myriad internal and external policy compliances to check on
- Fetching necessary documents from your suppliers is often dependent upon traditional channels like email and sometimes even mail!
- Searching for relevant information hidden in heaps of emails and files can be very time consuming
- Also, blacklisted suppliers can creep into your payables history without necessary approval checks at the time of onboarding and 3rd party validations on an ongoing basis
Invocus with its robust and flexible mechanism for supplier information management via a self-service supplier portal makes life easy for all involved – be it your suppliers, your internal stakeholders, or you in accounts payable! Our supplier management solution not only takes care of preventing papers and calls coming your way, but also ensures that you improve overall compliance, have a smooth and hassle free onboarding process for all your vendors and prevent risks associated with engaging with blacklisted suppliers. On top of all of this, Invocus’ supplier management solution will ensure you get access to the most comprehensive, accurate, and unduplicated supplier master data at any given time, all of which is integrated with your ERP source systems!