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Vendor Management
Streamline your
vendor
management
with ease
Redefine your vendor management strategy with advanced features. Centralize vendor data, streamline onboarding, and guarantee timely payments for better relationships
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Vendor
Data
Verification
Process
Visibility
Workflows
Collaboration
Enhance vendor relationships with
better features
Vendor Onboarding
Easily add multiple vendors on the platform by providing basic details like their name, email, phone number, PAN, GST, and bank account
Invoicing
Process
Upload single or bulk invoices in the dashboard and effortlessly manage and process them in a centralized system, ensuring a streamlined workflow
Advance Payments
Facilitate advance payments with the “Add Advance” option to give payment upfront as and when needed
Payment
Management
Streamline the entire payment process, from approval to execution, and get flexible payment modes like NEFT, IMPS, RTGS, UPI, debit cards virtual cards, and more to ensure timely payment
Tracking and Reporting
Gain real-time insights into spending patterns, track expenses, and generate comprehensive reports for informed decision-making
One platform for effortless
collaboration and cost control
How does it work?
1/4
Easily add and manage vendors, collecting necessary information through a simplified digital process
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 vendor management 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.
xSeeking 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.
