Manual supplier setup and data management processes represent a huge hidden cost for most organisations. Without the right tools to manage information across thousands of supplier records, data is typically incomplete, inaccurate and out-of-date. web3 Supplier Information Management (SIM) can help.
web3 SIM introduces key features that allow for quick and easy supplier on-boarding and maintenance. With a comprehensive feature set including automated milestone and alert management, you can put the onus onto your suppliers. You can also ensure your finance and business systems are kept up to date.
With web3 SIM, you also have the flexibility to terminate or put suppliers ‘on hold’. Activities such as payments and ordering are automatically suspended right across the business.
Download our product paper to understand how web3 SIM facilitates the complete end-to-end supplier information journey.