Vendor Portal/Supplier Portal Lowers Admin and Staffing Costs
RPM/SP The optimal way to lower your overall cost per transaction is the development of a supplier portal commonly called a vendor portal. The RPM Supplier Portal is an important component in a complete procure-to-pay solution that allows your suppliers to work in a self-serve environment while allowing you to receive invoices electronically from your suppliers thereby lowering your administrative and staffing costs.
This Web-based Supplier Portal allows you to:
-
Accept various electronic invoices (einvoices) formats including einvoicing
-
Enable vendors to track invoices through the approval and payment cycle process
-
Allow the vendor to manage their account with your organization in a totally secure and password-protected environment
-
Fully integrated with our Composite Applications suite
-
Optional dynamic discounting program that allows a flexible discounting program based on the cash flow needs and situation of you and your vendor
-
RPM Supplier Portal even comes with online help to guide users through its operation.
Here are some exciting new features of an RPM Supplier Portal:
Snapshot - Manage vendor with simple group communications or targeted, supplier specif communications
Vendors can view a snapshot of current invoice information and payment history. The supplier portal can also be equipped with a bulletin board to inform the vendors of policy or procedure changes or to send messages that affect them or the supplier community at large.
Invoice Submission - Reduce your staffs' processing time!
Vendors can submit invoices for payment through an online form or by uploading electronic files from most all commercially available accounting systems/package.
Invoice Inquiry - Improved Vendor Relations!
Because suppliers self administer their business with your company they can check all aspects of their Accounts Receivables. This will improve vendor/supplier relations and reduce phone-based vendor inquiries.
Collaborative Dynamic Discounting - Take Advantage of Significant New Discounting Opportunities!
Your company should be taking advantage of available discounts and implement a Dynamic Discounting program thereby creating real bottom line contribution. The portal allows the supplier to request, or the buyer to offer special discounts on any or all outstanding invoices that have been approved for payment.
Vendor Adminisration - Reduce the Workload of your Vendor Relations Team!
Can you imagine the economies you create for your department by enabling self-serve administration for thousands of vendor users? The vendor manages all users including modifying their permissions in a totally secure environment. The portal can also be configured to allow vendors to upload or download crital documents
If you're ready to take advantage of a Supplier Portal and today's Accounting Best Practices simply click the link below.
I am ready to have my vendors self-administer their payables inquiries with an RPM Supplier Portal.