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Word of the Week: Supplier Onboarding

What is Supplier Onboarding?

Supplier onboarding, or vendor onboarding, is the process of gathering the documents and data needed to set up a company as an approved vendor and to enable your organization to efficiently conduct business, purchase goods and services, and make payments to that company. 

A supplier onboarding solution should offer functionality such as vetting and validation to insure the prospective vendor is compliant with laws/regulations; diversity data, validation and tracking; W9 and W8 collection; TIN validation; insurance; and all the other data and document collection needed to do business with a vendor.

ICG’s Solution

ICG Consulting’s solutions provide for ongoing maintenance and administration of your vendors and suppliers by tracking and providing notification of expirations of licenses, insurance policies, and other time-sensitive compliance information.

At ICG Consulting, we provide a faster and easier way to request, receive, validate and approve information from your prospective vendors through our highly configurableĀ vendor portals and supplier portals. ICG’s vendor portal solutions provide a comprehensive vendor self-service platform for your company to effectively and efficiently manage your suppliers and vendors.

Click here to watch a high-level demo of our Supplier Onboarding solution. You can also request a personalized demo to learn more about how ICG’s solutions can benefit your organization.