SoftCo Vendor Management is a comprehensive solution designed to optimize how organizations manage, onboard, and interact with their suppliers. The platform provides an intuitive portal for vendor lifecycle management, enabling efficient onboarding, centralized data access, and seamless communication. By automating manual tasks and integrating with ERP systems, it reduces administrative overhead, enhances data accuracy, and ensures compliance with internal policies and external regulations, including AML requirements. The solution offers complete visibility into orders, invoices, and vendor status, empowering procurement teams to make data-driven decisions and address queries or disputes promptly. Features such as self-service onboarding, third-party verification, and customizable workflows help mitigate supply chain risks, control costs, and foster stronger vendor relationships. SoftCo Vendor Management is suitable for organizations seeking to improve supplier collaboration, maintain robust compliance, and gain end-to-end control over their vendor ecosystem.

Features & Benefits

• Intuitive Vendor Lifecycle Management Portal: Enables onboarding, management, and communication with vendors through a user-friendly portal, saving substantial employee time.
• AML Compliance Management: Tracks and manages all internal and external AML compliance obligations for vendors.
• Easy Invoice Submission: Allows vendors to submit invoices and purchase orders, track status, and utilize PO Flip functionality.
• Powerful Reporting and AI Analytics: Provides full visibility and supports data-driven procurement decisions with comprehensive vendor process overviews.
• Seamless ERP Integration: Ensures the ERP system remains the primary owner of vendor master data for consistency and accuracy.
• Accelerated Query Management: Captures, escalates, and resolves vendor queries and disputes efficiently.
• Enhanced Vendor Relationships: Streamlined onboarding and clear communication improve supplier collaboration and satisfaction.