Managing vendors with manual and disparate processes such as spreadsheets, phone calls, emails, and paper-based filing systems can prove challenging. Without a centralized electronic process, vendor management workflow bottlenecks can significantly decrease your organization’s profitability. Fortunately, leading-edge vendor management software can help increase your vendor profitability by leveraging cost-saving vendor management best practices. Read on to discover three vendor management best practices you can implement immediately to help increase your organization’s ROI.
Registering vendors with manual processes - such as with email, disparate filing systems, and spreadsheets - can prove challenging. Without a centralized electronic process, vendor registration bottlenecks can significantly undermine productivity. Fortunately, leading-edge vendor management software with a centralized vendor registration portal can streamline your end-to-end vendor management workflow with optimal oversight. Read on to learn how CobbleStone Vendor Management Software’s "wizard"-based vendor gateway registration can supercharge vendor onboarding.