// VENDOR MANAGEMENT
STREAMLINE VENDOR MANAGEMENT
WITH YOUR SUPPLIERS
When you’re simply receiving vendor bills and running them through an accounts payable process, this is a form of “passive” vendor management in effect because you are essentially receiving information in whatever form the vendor chooses.
While DocuPeak supports this passive model of interacting with vendors, there’s a more sophisticated way of managing vendor interactions you can benefit from.
Active Vendor Management involves providing tools for the vendor to deliver information, such as vendor bills or expense reports, in a manner that you prefer. Specifically, a DocuPeak portal can be created that allows vendors to submit bills or expenses using DocuPeak Electronic Forms.
When the vendor enters this information electronically, the burden on you accounts payable department decreases greatly because the information is already in the format your systems can consume. No data entry, no key from image, no barcodes or OCR required. It makes sense to move over to active vendor management and gain all these advantages.
REACH PEAK PERFORMANCE
ACTIVE VENDOR MANAGEMENT
Vendor-related documents are automatically routed to approvers via e-mail to signal bill approval
DECREASE LABOR COSTS
Manual work decreases greatly because information is already in a format your systems can consume
DocuPeak portal allows vendors to submit bills or expenses using secure electronic forms
“Our accounts payable department saw an immediate 30% decrease in time required to process incoming invoices…”
“The implementation and support have been consistently excellent…including the hand-off after completion.”
MANAGE VENDOR TRANSACTIONS
WITH PEAK PERFORMANCE
If you would like to discuss DocuPeak for the management of your vendor interactions, including invoice submittals and contract management, please contact us today.
We can share real-world examples of how we’ve helped other organizations to automate their vendor transactions to reach peak performance within their operations.
Simplify vendor management utilizing a central and well-maintained solution – while saving valuable time and increasing staff productivity.
Plus, it gives management oversight on all vendor transactions in a single, centralized solution. All if this can easily be integrated into your existing ERP solution.
EXTEND YOUR EXISTING
Introducing new solutions usually means long hours of training your staff. Not with DocuPeak.
Since we integrate directly into your existing ERP solution, your employees are already familiar with most of the navigation and screens.
By adding a new tab within the interface, it makes accessing and managing vendors easier than ever before.
In fact, some users don’t even know they are using an integration and assume there are new features added into their current ERP software.
If you would like to learn how DocuPeak delivers peak performance when managing your vendors, contact us today!