Vendor Management Software

What is Vendor Management Software ?

Supplier management software

Vendor Management Software is precisely designed to handle suppliers/contracts from any industry. This helps an organization eliminate the use of paper and integrate suppliers through the digital platform. Upload required vendor documents and let the verification team verify in real time and approve the vendor. Vendor Management Software Vendors can significantly reduce vendor onboarding time.

Simplified Vendor Management Software integration process

Simplify and digitize supplier onboarding

Define required integration documents for your company and attach them

Real-time screening and approval by the new supplier approval team

Automated notifications to the parties needed in successful supplier onboarding

Digitized vendor management software

Manage supplier agreements easily

Live monitoring of supplier performance, based on lead time, rejections, missing/excess quantities etc.

Define and track multiple milestones for the vendor

Track multiple tasks assigned to the vendor

Company blacklist vendor in a single click

Block payments to the vendor easily

Eliminate vendor empaneling from blacklisted suppliers

Vendor Management Software Advanced Support

Significantly reduces vendor uptime

Eliminate data processing time and cost through Vendor Login

Highlights cost-effective suppliers and reduces overall cost of procurement

Automated reminder when the contract is about to be renewed

Restrict suppliers to specific departments/cost centers

Map products/services to the supplier along with their pre-negotiated price, if any

Automatically integrate supplier management software with TYASuite P2P and ERP platforms

Manage multiple locations/multiple GST from the same vendor in a single window

Maintain full audit trail

Vendor Management Software Control Acquisition Costs

Manage vendor-level product pricing

Set the validity of the price

Manage supplier agreements

Access control for vendor price management

Set approval for vendor price update

Previous price history

Select your preferred vendor

Automate the purchase order for the preferred vendor

Restrict the supplier's order to the pre-agreed price

Review the previous purchase price before increasing the PO

Quotation Management

Send request for quotation

Release Information Request (RFI)

Release RFQ (request for proposal)

Continuous RFI/RFQ submission by vendors through vendor management software

Manage RFQ response

Restrict bid opening times

End-to-end bid management software

Contract of award / request for release

System Requirements

Supported Operating Systems

Mac OS X 10.5x (Leopard), Mac OS X 10.6 (Snow Leopard), Mac OS X 10.7 (Lion), Mac OS X 10.7 (Mountain Lion), OS X 10.9 (Mavericks), and Mac OS X 10.10 (Yosemite)

Hardware requirements

Memory - 1 GB RAM and more

Free disk space - 50 MB

System type - 32-bit and 64-bit OS