Algonomy's Supplier Collaboration Platform is a retail-focused solution that aims to transform how businesses interact with their suppliers. It addresses the inefficiencies of traditional, manual, and isolated supplier processes that rely on outdated communication methods like phone calls and faxes. By digitizing and integrating these processes, the platform helps retailers reduce costs associated with stock-outs, order and payment management, supplier information management, and unrealized promotions. Key capabilities include faster vendor onboarding through e-approval workflows and self-help portals, achieving 100% accuracy in supplier data, and enabling collaborative product launches for up to 40% faster new product introduction. The platform also optimizes the order-to-pay cycle, reducing PO processing time by 60% and cost-per-invoice by 50% through automated reconciliation. Furthermore, it enhances promotion effectiveness and rebate recovery with collaborative planning and automatic calculations. Advanced features like vendor scorecards, inventory and competitive insights, integrated chat, file sharing, and mobile access empower users to manage supplier relationships and data more effectively. Algonomy's solution is trusted by numerous top retailers worldwide, demonstrating its ability to deliver significant cost savings and revenue improvements.

Features & Benefits

• Streamlined Supplier Processes: Automates and digitizes end-to-end supplier interactions, reducing reliance on manual methods.
• Optimized Order-to-Pay Cycle: Reduces processing times and costs associated with purchase orders and invoices.
• Enhanced Promotions and Rebates: Improves the effectiveness of promotions and facilitates accurate rebate recovery.
• Data-Driven Insights and Monitoring: Provides tools for performance monitoring and gaining actionable insights from supplier and inventory data.
• Improved Collaboration Tools: Facilitates seamless communication and data sharing between retailers and suppliers.