Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
What are supplier portals? Supplier Portals (or Vendor Portals as some people call it) is a web-based, supplier management solution that allows you to collaborate with your suppliers in a secure, online environment. Among the functions a Supplier Portal can provide is to allow organizations to streamline the Supplier Onboarding process via supplier self-service as well as […]
Read FullWhat are Vendor Portals? A Vendor Portal (or a Supplier Portal as some people call it) is a web-based, vendor management solution that allows you to collaborate with your vendors in a secure, online environment. So what are vendor portals? Let’s talk about it. Among the functions a Vendor Portal can provide is to allow […]
Read FullWhat is Workflow? Workflow, sometimes referred to as Business Process Management (BPM), in the accounts payable world, is the required tasks needed to approve a payment to a vendor or creditor based on a predetermined set of rules. These rules can range from highly complex to fairly simplistic depending on the nature of the AP […]
Read FullWhat is Data Capture? Data capture is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. It is present in some form or another in every organization’s financial back-office. An Accounts Payable (AP) environment extracts information […]
Read FullWhat is Invoice Matching? Invoice matching is the comparing and linking of a supplier invoice with the underlying data on which the cost is based, such as a contract or purchase order (PO). Usually companies will perform a 2 or 3 way match. A two way match compares the invoice amount to the corresponding PO. If […]
Read FullWhat is a PO Flip? A PO Flip, is essentially a conversion of a purchase order into an invoice. Usually done electronically or through an automated solution such as a Vendor Portal or Supplier Portal. In a PO Flip scenario the vendor would enter a PO number into a web form and the the buying company’s […]
Read FullWhat is Vendor Self-Service? Vendor Self-Service is a benefit of Vendor Portals and Supplier Portals. They allow a vendor to provide and access information without intervention from the buying company. This data may be necessary for vendor onboarding, compliance or payment or may be the results of payment status or payment dispute inquiries. By providing […]
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