Supplier enablement

Reduce the administrative effort needed to introduce suppliers to early payment solutions such as virtual cards or supply chain finance.

Solution for

Enterprises

That want to roll out early payment programs, such as virtual card or supply chain finance, to their suppliers

Financial Institutions

That are supporting an enterprise to roll out an early payment program

The challenge

It can take time and a lot of spreadsheets to identity and reach out to suppliers that will be offered an early payment solution

  • Suppliers have to be analyzed to assess their suitability and segmented into waves.
  • A number of departments such as accounts payable and procurement need to authorise engagement.
  • Contact information and contract details have to be gathered to ensure the activity is well targeted.
  • The status of engagement with each supplier must be tracked to ensure the outcome is recorded.

The solution

Automate the process of supplier selection based on predefined criteria, presenting the information in a consolidated list for final approval. Streamline the outreach through standardized templates, and provide a centralized dashboard for tracking the status of supplier engagement efforts.

  • Aggregation of information from across multiple systems.
  • Automated supplier analysis and segmentation.
  • Standardized workflow tools to get supplier outreach started without needing spreadsheets.
  • Status tracking so the latest engagement is always recorded.
  • Alerts for new supplier opportunities.

How it works

  1. Connect your ERP and other systems such as contract management systems
  2. Get a consolidated list of spend automatically categorized with standard classifications.
  3. Complete the automated analysis to select suppliers based on predefined criteria.
  4. Use the workflow tools to get approval for outreach and track the latest status of each supplier.
  5. Receive regular update alerts on changes to a supplier’s status so that you can target at the best time.

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Connectivity, data harmony and actionable insights underpinned with AI and multi-party intelligence. Proven and secure enough to be trusted to authorize payments pre-approval.

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