What is Know Your Suppliers?
Know Your Suppliers is a supplier management software that stores vital information such as category and services of your suppliers.
What are the benefits of using Know Your Suppliers?
Know Your Suppliers offers a bunch of benefits. Some of them are
listed below -
● In a supplier management process, it
is difficult to track the entire lifecycle of suppliers. Thus,
making this
process inefficient. With supplier management software, you can
easily track the complete lifecycle of the suppliers.
●
A supplier On-boarding software sents automated reminders to your
suppliers
to complete the compliance. This saves you a lot of time that
can be utilized on essential tasks.
● It is deployed on
the cloud so that you can access all your supplier’s
information, whenever
you need it. Also, you don’t need any specific devices as it is
compatible with laptops, mobiles, and tablets.
● With
analytics, you can evaluate the performance of your suppliers
and find
the suppliers who are not performing up to the mark.
● The loss of the critical data of your supplier can be
harmful to your business. It uses SSL encryption to make your
data secure. To streamline the manual tasks at your office, you
should
adopt digital document management tools since they make various
office management processes transparent while being
cost-efficient.
● Supplier On-boarding -single point of contact for all supplier management solution like
on-boarding, supplier Self registration, upload invoice and many more.
