Simplifying Vendor Master Management
Gain complete control over your supplier data, while realizing greater efficiency at reduced costs
With the rise of complex, large global supplier networks, we are witnessing an exponential growth in vendor records. Managing the scale, security, and quality of this data, dispersed across disparate systems, can be extremely cumbersome and expensive. Also, maintaining accurate and standardized vendor information to effectively comply with a slew of global regulations is a huge challenge.
A well-orchestrated vendor master management process can significantly ease all your worries related to supplier data. A robust supplier information management solution can help free up your working capital, leading to increased operational efficiency and reduced costs.
Achieve greater ROI with superior enterprise collaboration.
Manual, paper-based processes
Disparate ERP systems
Lack of an integrated information model
Lack of a robust platform for effective supplier engagement
Without a strategic vision and integrated technology solutions, you could be grappling with data decay. Don’t risk losing your competitive advantage.
Don’t be overwhelmed by data - Partner with Invocus
At Invocus, we have a precise understanding of your goals and pain points. Using our extensive experience and expertise, we have developed an end-to- end Supplier Information Management Solution to solve all your vendor master data management problems.
We simplify your vendor on boarding process.We also mitigate your risk of inadvertently working with blacklisted suppliers. In fact, with our easy-to- use and flexible Self-Service Supplier Portal, you can offload much of the data management tasks to suppliers themselves.
By partnering with us, you not only build a single source of validated data but also create better synergies across your enterprise.
A glimpse into what we help you achieve: View Demo
- Eliminate paperwork; achieve greater efficiency and productivity
- Build up-to- date, accurate, and complete supplier master data
- Drive better collaboration across departments
- Simplify the search for suppliers using multiple parameters and user configurable views
- Effectively comply with supplier documentation requirements such as W9, insurance or diversity certificates
- Realize cost savings of up to $950 per supplier on information management
- Reduce risk by getting alerts when suppliers are blacklisted, through custom third party validation
KEY FEATURES OF OUR SOLUTION
- Supplier portal for self-registration of supplier
- Pre-qualification, de-duplication and regulatory compliance check
- Automated approval workflows to obtain timely stakeholder and supplier input
- Document tracking and audit trail management
- Single source of supplier information with powerful supplier search
- Integration with ERP source systems and parent-child linkage
Seamless supplier risk management
- Supplier data enrichment
- Automated alerts and risk scoring
- Supplier trend analysis for preventive risk management