The organisations which rely on traditional paper-based processes struggle to onboard vendors efficiently. This increases the cycle time for procurement of products and services while impacting the business.
Business benefits for Vendor Onboarding
Faster processing
Speed up vendor onboarding process by automating the workflow while removing intra and inter departmental movement of physical documents.
Track process
Better monitoring and control by digitising the entire process and removing the dependency on paper.
Compliance
Ensure compliance through audit trails, notifications and live visibility into the process.
Efficiency
Improve business efficiency by faster procurement of products and services while ensuring shorter time to market for the finished goods.