Vendor Portals
Utilizing vendor portal technology streamlines communication and collaboration with vendors. These platforms provide a centralized hub for managing purchase orders, invoices, payments, and other vital information fostering transparency and efficiency. This strengthens vendor relationships.
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Promote Vendor Self-Service
Allow your vendors to submit or retrieve crucial information 24/7 without contacting you.
Real-Time Collaboration
Portal forms and workflows allow you and your vendors to exchange invoices, documents, comments, etc.
Save Time and Money
When vendors take over tasks that your team historically completed, your organization saves time and money.
ICG’s vendor portal was the right solution for our business because we could introduce functionality over time. Between the Inquiry and Disputes models, our company was able to reallocate over 50% of those resources to other activities. In addition, the company was able to receive over 2,000 invoices per week to flow through the portal – it constantly saves time and money. A win-win all around. To be fair, I had some reservations about the degree of use we would actually achieve with our vendors, and in the end, I was astounded by the high adoption rate. We frequently heard vendors cite the ease of use as a strong driver to get them to use the portal features. Our experience was nothing short of astounding!
Relevant Blog Posts
Vendor Portal Functionality
A vendor portal is a central platform for vendors or suppliers to communicate, collaborate, and transact with an organization. The specific features and functions can vary depending on the organization's needs and the vendor management process. In this blog post, we...
Why Procurement Needs Vendor Portals
Vendor portals offer many benefits to procurement departments. In this blog, we will look at some general benefits these highly collaborative, cloud-hosted portals provide. Then, we'll dig a little deeper at some specific procurement-related functionality. Procurement...
Automated PO Dispatch & Update Solutions
Automated PO dispatch & update solutions deliver value, savings, and efficiency. They rapidly deploy in a centralized or remote processing environment, supporting healthy supply chains. Cloud-hosted and portal-based, ICG's PO dispatch & update solution...
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