A vendor portal is a collaborative platform for direct information exchange with your vendors (including in real time). To encourage vendor self-service and hence reduce your vendor management overload and operating costs, our portals support:
- role-based access control
- information and verifications’ submission, as well as profile details’ updates by vendors
- search for and on-portal acceptance of open purchase orders (POs)
- delivery dates setup and updates
- claims settlement
- direct electronic invoice submission
- inquiries about payments and invoice statuses
- statistics about previous purchases and supplies, etc.
With a vendor portal, all the necessary vendor information is quickly available for all departments involved. As the company and the vendors together gain from saving time and effort, a vendor portal is a win-win collaboration solution for both of you.