Vendor management doesn’t need to be a manual process any longer. Admins simply send a request to vendors to sign up for the free Vendor Portal where they can submit:
–––All company and contact details
–––W-9 and W-Ben forms
–––Banking information for payments
–––Monthly or quarterly accrual estimates
All of this information is automatically stored in the Spend Management Platform, where invoice and accrual estimate details get automatically pushed to your ERP system.
To facilitate more transparency between purchasers and vendors, the Vendor Portal allows vendors to see:
–––Previous invoice and accrual submissions
–––Current PO balances
–––Status of pending invoice payments
–––Prior communications with admins
Gone are the days of chasing down information from vendors by email and phone. With our vendor management software, vendor response rates can increase by up to 40% compared to traditional phone and email requests.