Supplier Portal
Empower your vendors with our Supplier Portal. Submit invoices, track status, and update information seamlessly with the rapidECM solution, reducing errors and accelerating payments for a streamlined, efficient, self-service process.
A supplier portal integrated with your ECM software can significantly improve your accounts payable (AP) process. Not only can it make your relationships with your suppliers stronger and more efficient but you can focus your own team on tasks that really needs their time rather than handling endless requests, questions and problems in an inefficient way.
Streamlined Workflows
- Self-service for Suppliers: Suppliers can submit invoices electronically, update their information, and track payment status directly through the portal, reducing manual data entry and freeing up your AP team’s time
- Automated Invoice Processing: The portal can integrate with your ECM’s document capture and workflow features. Invoices are automatically routed for approval based on pre-defined rules, eliminating the need for manual routing and chasing approvals.
Improved Efficiency and Accuracy
- Reduced Errors: Manual data entry is minimised, leading to fewer errors and discrepancies in invoices.
- Faster Processing: Streamlined workflows and automation lead to quicker invoice processing and payment cycles.
Enhanced Visibility and Communication
- Real-time Status Updates: Suppliers can track the status of their invoices in real-time, fostering better communication and reducing inquiries to your AP team.
- Improved Cash Flow Management: With faster processing, you gain better visibility into upcoming payments, allowing for better cash flow management.
Additional Benefits
- Early Payment Discounts: Faster processing allows you to take advantage of early payment discounts offered by suppliers.
- Stronger Supplier Relationships: The portal promotes transparency and improves communication with suppliers, leading to stronger relationships.
