How long does it take you to onboard a new business partner? How many pieces of information need to be gathered?
What percentage of emails bounce back when you send out communications about new warehouses, transportation policies or payment terms to your vendors?
How much faster could you operate if all your vendors provided PO acknowledgements, ASNs, invoices and price updates in electronic formats?
If you don’t have good answers to the questions above, you may want to invest further in your vendor onboarding, communications and electronic commerce capabilities. OpenText has worked with many companies who have discovered a significant amount of cost reductions simply by automating day-to-day interactions with their business partners.
Consider one or all of the following solutions:
Vendor Registration—OpenText™ Active Community provides an automated approach to registering and onboarding vendors. All of the necessary documentation is collected electronically in a centralised portal. Learn more about OpenText Active Community
Vendor Communications—OpenText Active Community lets you send communications out to your business partners about changes to your business processes or contract terms, so for example, you could survey trading partners about their Corporate Social Responsibility practices or e-commerce readiness.
Automate Order-to-Pay—Enable your vendors to receive purchase orders and remittance advices electronically. Empower them to send order acknowledgements, shipment notifications and invoices. OpenText Intelligent Web Forms provides a low-cost, easy-to-use approach to order-to-pay automation. Learn more about OpenText™ Intelligent Web Forms