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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.

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Easy communication with suppliers

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Direct insight into expenses

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Better compliance through risk management

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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.

Maarten de Ru ISPnext Hexagon
“Easy access to your suppliers insights, contracts, expenses, risk profiles and judgements.”

- Maarten de Ru, Director Partners & Alliances | ISPnext

Vendor Management in 8 steps

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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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AP Automation

 Less administrative work to digitize, match and approve? Realize significant cost savings for invoice processing with our solution AP Automation.

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Dynamic Discounting

By paying invoices faster, you can arrange attractive discounts with your suppliers. The Dynamic Discounting process helps you do this, is digital and prevents manual operations. This results in considerable savings and improves your organisation's cash flow.

Read more about Dynamic Discounting

Vendor Management

Thanks to a central environment in Vendor Management, you quickly have insight into your supplier database. This includes expenses, contracts, risk profiles and supplier assessment. You have complete control to maximize vendor relationships. 

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Contract Management

With Contract Management, you manage the contract process from contract preparation to contract renewal or termination. Including approval and digital signing with your supplier.  

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Procurement

With our solution Procurement you automate the entire purchasing process. Automatically generate an ordered recommendation and place orders with preferred suppliers in linked online shops.   

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Sourcing

Managing the procurement process from procurement needs to signing the contract with our Sourcing solution. Find the best suppliers based on internal needs, project specifications and supplier details.

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Spend Analytics

One view of all spending with best practice dashboards in Spend Analytics. Thanks to up-to-date data, a spend analysis allows you to identify bottlenecks in time and take action. 

Read more about Spend Analytics

Supplier360

Do you already have centralised information from all your suppliers? Supplier360's master data cloud provides a comprehensive overview of your supplier chain, compiled from multiple sources, giving you real-time data always available centrally.

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BSM

Build a sustainable business with Business Spend Management. Increase your financial impact right away by managing all your organization’s expenses and processes in one platform.

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Rebate Management

Want to receive your bonus agreements better, more efficiently and on time? With our solution Rebate Management you are able to manage and utilise bonus agreements more effectively.

Read more about Rebate Management