The process of Vendor Registration is very complex and elaborate. Each and every vendor needs to be evaluated on various parameters before being added to the list of registered vendors. The manual process requires the vendor to submit hard copies of the required documents. Being manual; there are malpractices in the vendor registration process and tracing these seem impossible.

Vendor Avenue

For fair, compliant and transparent registration, our Vendor Registration is an effective way which streamlines and automates the processes by being online. The system brings various stakeholders together like User Department, Vendor, Auditor and Procure team. It provides different access levels to different user roles with different user interface. In short, it simplifies the Vendor Management proves to be very vital for procurement.

The software product

  • Expedites vendor registration.
  • Maintains all the required documents and certificates in one single repository.
  • Maps the business approval setting to make sure all the registration details are authenticated as per the organization’s standard approval process.
  • Maintains a consolidated Vendor database of the increasing approved Vendors.
  • Tracks given data elements for age and sends an automated request for necessary action.
  • Pre-qualification prior to registration ensures that each vendor has completed all the organization’s qualification requests. The software keeps a trail of all the amendments made by the Vendor.
  • Provides Vendor Performance Metrics.
  • Visualize Vendor diversity and other organizational standards by viewing all Vendors in a centralized location.
  • Facilitates Invoicing, Procurement and other core functionality.

Process

  • Vendors are invited by mail to register.
  • The Vendor using the Vendor Registration portal, logs in to the system, provided details and uploads all necessary supporting documents.
  • The approvers verify the documents for authenticity and approve or disapprove.
  • Vendors get notified and remain updated about the requirements.