Financial services – Vendorlink

Financial services

Gaining insight into your contract compliance is often a time-consuming process. Much work lies mainly in bringing together contract and spending information. In VendorLink it is possible to carry out this process automated in a single application. This is the simplicity and integration. Save time and get more insight into your spending.

Contract compliance

By contract information linking in Vendor link to your spending suppliers get an insight into the spending inside and outside contract. When was purchased within a contract that means that agreements about the price and other conditions. Your contract compliance can be measured beyond the time you can help provide insight into your procurement objectives. Additional VendorLink not only understand the contract compliance your organization but also indicates that a purchase package, or cost centre.

Spend Analyse

is up to date insight into your spending is important for any organization. However, the larger the organization, the greater the effort to collect all the data, grouping and reporting. VendorLink helps clients here and automates this process so that it can be reported more frequently based on standardized online reports with more detailed information. By establishing a link between the financial system and VendorLink your Spend Analysis is always up to date.

Supplier Rating

When the end date of a contract is understanding, it is time to decide to cancel it or extend. In taking this decision you are not going to happen overnight. A well-founded choice makes you decide to stay with the supplier or to look for a new provider. Monitoring your supplier performance you can help during the term of a contract. With Vendor Rating VendorLink you can easily put a supplier assessment on the basis of user surveys. Send this periodically to stakeholders within your organization and collect valuable information. This is also an excellent source of information to periodically enter into dialogue with the supplier.

Optimizing audit process

As an organization you set strict requirements to your vendors, new and old. Many of these processes are invests in a department and be carried out ad hoc and updated. The result is a mailbox and network drives filled with data and actions. VendorLink supports these processes in a pragmatic manner with the vendorLink Supplier Portal. Create a group of suppliers a quick checklist of documentation that they must provide periodic and invite them to supply these data via the Supplier Portal. With VendorLink move your workload so that you can focus on the audit, the quality and validity of documents.

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