By having vendors submit their invoices electronically, they can more actively participate in the supply chain process while being able to monitor their submitted documents dynamically.
Additionally, by facilitating online submission of their documents, we help them drastically reduce their cost to output and mail their business correspondence and in turn help our customers to rapidly process submitted items in a faster fashion than manual processing.
The vendor portal is also helpful in managing vendor relations and promoting vendor self-sufficiency. By empowering your vendors to audit their submitted documents, you can help offset some of the inbound phone and support pressures that your AP & AR departments face on a day to day basis.
If you're interested in learning more about Vendor Portal Technology, give us a call today to learn more!