Vendor Management
Manage Vendors
with Confidence
Using EnKash
Gain complete control of vendor relationships. From onboarding to payments and compliance, our platform empowers businesses to work faster, reduce risks, and maintain healthy supplier partnerships.
The Best Vendor Management and Onboarding Platform
Accurate Verification
Fast Onboarding
Delightful Experience
Vendor Management System
to Enhance
Vendor Relationships
Instant Vendor Onboarding
Effortless Invoice
Management
Flexible Payment Options
Advanced Reporting
& Insights
Customizable Approval Flows
EnKash Products - Making Payments
Smarter
Step-by-Step Guide to
Vendor Management Process
How does it work?
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Sign Up and Add Vendors:
Create your account and invite vendors to collect their information using digital forms.
Learn how our vendor management can revolutionize the way you work!
Read Blogs
What is Vendor Payment and How Does It Work?
Dec 23, 2022
Accounts payable is a vital part of a firm’s operation and is responsible for processing the payment to the vendors. In addition, it is responsible for making virtual payments that are not associated with payroll. Making the...
Read More
Why Is Vendor Reconciliation Essential and How to Make It Simple?
May 11, 2023
Reconciliation of accounts, whether it is bank versus cash or collections and receivables or anything else is an ongoing process. When done manually, the process of reconciliation can be time-consuming and prone to errors...
Read More
Enhance your Productivity with Vendor Payment Automation
Aug 15, 2023
It is rightly said that one must have a supplier relationship of continuous improvement to create an agile process of procuring to pay process flow and in turn, boost business growth and productivity....
Read More
Got Questions?
Don't worry! Our FAQs section will help you learn about automated reconciliation in detail
What is Vendor Management System (VMS)?
A Vendor Management System (VMS) is a centralized platform designed to streamline and optimize the management of vendors or suppliers. Our vendor management offers advanced features to centralize vendor data, automate verification processes, and provide real-time insights into spending patterns.
What is the vendor life cycle?
The vendor life cycle encompasses the five stages of managing vendors:
Pre-qualification: Identifying and evaluating potential vendors based on your needs and criteria
Selection: Choosing the most suitable vendor after a thorough assessment
Onboarding: Integrating the chosen vendor into your systems and processes
Management: Collaborating effectively with the vendor, monitoring performance, and ensuring contract compliance
Renewal/Termination: Deciding whether to renew the contract or find a new vendor based on performance and future needs
What is another name for vendor management?
Supplier management and third-party relationship management (TPRM) are two alternative terms for vendor management. Though slightly nuanced, they essentially involve building and maintaining efficient relationships with external partners who provide goods or services necessary for your business operations.
What are the four stages of vendor management?
The four stages of vendor management typically include vendor identification, onboarding, ongoing monitoring, and performance evaluation.
Seeking further understanding of vendor management? Explore our comprehensive guide
Vendor management involves overseeing relationships with external suppliers, ensuring efficient collaboration, and monitoring performance to optimize operational processes and control costs. It aims to foster positive and productive partnerships between a company and its vendors.
What are the benefits of a vendor management system?
Benefits of using EnKash vendor management system:
- Streamlined Operations: EnKash centralizes vendor data, onboarding, invoicing, and payments, eliminating manual processes and saving time.
- Improved Cost Efficiency: Gain real-time insights into spending patterns, and identify discounts and early payment opportunities.
- Enhanced Transparency and Compliance: Ensure accuracy and consistency in vendor data, and maintain complete audit trails.
- Reduced Risks and Fraud: Automate vendor verification through eKYC to minimize the risk of fraudulent activity.
Is vendor management a part of ITIL?
Yes, vendor management is a crucial component of ITIL (Information Technology Infrastructure Library) practices, ensuring effective management of external service providers.
Who is responsible for vendor management?
Vendor management is a collaborative effort involving various stakeholders, with responsibility often falling on procurement, supply chain, or vendor management teams.
Seeking further understanding of vendor management?
Vendor management involves overseeing relationships with external suppliers, ensuring efficient collaboration, and monitoring performance to optimize operational processes and control costs. It aims to foster positive and productive partnerships between a company and its vendors.
