Supplier Portal Checklist: Six features that deliver value added to your global operations
A self-service supplier portal can make a huge impact on your global financial organization. You can significantly reduce—or even eliminate—the time spent fielding routine calls from suppliers with questions about invoices and payments. In addition, the best solutions help you reap a broad range of additional benefits. You will be able to:
- Capture a higher percentage of early payment discounts.
- Promote timely communication with your suppliers for better negotiated prices.
- Improve compliance with your supplier on-boarding procedures.
- Reduce the risk of supplier fraud.
- Reduce your cost per supplier, per invoice and per inquiry.
- Gather information about your suppliers for better-informed decision making.
- Significantly improve supplier satisfaction around the globe.