Manage suppliers
with Vendor Management
Vendor Management gives you complete control to maximize vendor relationships. Thanks to a central environment, you quickly have insight into your supplier database. This includes expenses, contracts, risk profiles and supplier assessment.
Easy communication with suppliers
Direct insight into expenses
Better compliance through risk management
Manage the process of Source-to-Pay
Do you need insight into and control of expenses? And are you looking for a seamless integration with your ERP system? It's time to optimize your savings, operate more efficient processes and reduce risks. The end-to-end portfolio of ISPnext offers the solution.
Find out more about Vendor Management from one of our colleagues.
The benefits of Vendor Management for your business
Easy communication with suppliers
Provide periodic updates and improve the relationship with your suppliers. Avoid unnecessary mistakes: occasionally request vendor information, such as contact details, in bulk through the Supplier Portal.
Direct insight into expenses
Quick insight into: expenditure per supplier, contracts and risk profiles. And don’t forget to rate your vendors by running Vendor Rating. This enables you to create direct insights into the performance of your supplier in relation to the contractual agreements.
Better compliance through risk management
Classify your suppliers to determine their impact on your services. Use a uniform classification thanks to internal survey lists. Then monitor financial ratios with Risk Management.
Agreeing bonus discounts
You receive proactive reminders about deadlines and suggestions on maximising discounts. This leads to substantial time savings, significant cost reductions, and, importantly, the timely collection of agreed bonuses.
“Easy access to your suppliers insights, contracts, expenses, risk profiles and judgements.”
- Maarten de Ru, Director Partners & Alliances | ISPnext
Vendor Management in 8 steps
Are you ready to take control on your processes?
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Discover our solutions
Discover our Business Spend Management solutions by clicking on the diagram on the left. ISPnext instantly increases your organisation's financial impact.
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