Manage vendors with confidence — onboard quickly, collect accurate data, enable collaboration, and reduce risk to build strong, strategic partnerships.
Vendor Management Software
Build stronger vendor relationships.
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Efficiency and Collaboration Throughout the Vendor Management Lifecycle
Simplify Vendor Onboarding
Tired of back-and-forth during vendor onboarding? Save time and reduce confusion by tailoring your vendor questionnaire to meet everyone's needs. Collect key details, contracts, and payment info directly from vendors through a self-serve portal, validated with AI and connections to government agencies. Vendors can even track payments, saving everyone time.
AI-Powered Vendor Validation That Protects Your Business
Automatically extract vendor tax details, validate tax IDs against the IRS and over 100 international government agencies, and flag invalid vendors before any payment is made. Avoid costly penalties, ensure audit readiness, and maximize eligible refunds on global tax filings.
Cultivate Strategic Vendor Relationships
Build and maintain enduring vendor partnerships with the help of data-driven insights. Evaluate vendor performance and quickly access information like payment terms, compliance status, spend info, and payment history.
Manage Your Vendors Your Way
Use advanced filters and customizable columns to tailor one or more views of vendor data and get the answers you need quickly. Access a single repository for all vendor information including all documents, risk assessments, performance metrics, preferred payment terms, and more.
Mitigate the Risk of Fraud
Enforce stronger compliance controls by reviewing and approving new vendor requests and changes made to vendor payment details. Mitigate the risk of fraud by identifying and reviewing payments made to a new bank account linked to an existing vendor. This ensures only authorized payments go out.
Manage Vendor Renewals with Ease
Never miss an opportunity for better terms and cost savings. With automated renewal planning, get early visibility into upcoming renewals and ensure all stakeholders are prepared to make timely and informed decisions.
Loved by Employers and Employees
FAQs
Vendor management is the processes and tools businesses use to oversee and optimize relationships with suppliers. It involves onboarding, evaluating performance, ensuring regulatory compliance, and maintaining smooth workflows to achieve cost efficiency, mitigate risks, and improve company operations.
A vendor portal is an online platform where vendors can self-manage their profiles, upload necessary documents, submit invoices, and track payment statuses. It reduces administrative friction, increases accuracy, and enables smoother communication between businesses and their suppliers.
Manage vendor risk by implementing risk assessment frameworks, automating compliance checks via tools like bank verification and Tax ID validation, and continuously monitoring performance. A robust vendor management system with built-in risk mitigation features can help identify and address red flags early.
You can automate vendor management with software that centralizes onboarding, stores vendor data in a unified repository, verifies vendor bank and tax details, and monitors vendor performance automatically. These tools save time, reduce errors, and improve compliance across procurement processes.