Digital Supplier Portal
Unlocking Capital. Digital Portal for Suppliers.
A digital supplier portal for customers is an integral part in our effort to digitize and streamline all the processes within their supply chains.
These are traditionally painstaking, manual processes, executed by separate teams. Due to the fragmented nature of operations, there is a lengthy time gap in each step of the cycle, which cascades into several weeks of delay.
Additionally, it is a cumbersome process for both buyer and supplier to map exactly where the ticket is stuck.
The time taken from Purchase Order to Invoice matching, which, if automated shrinks timelines significantly, takes several weeks, leading to frustration for the suppliers.
The delay also eats into suppliers’ credit periods, deterring them from getting access to any kind of financing.
Challenges Faced By Enterprises
Lengthy receivable cycles
Purchase Order (PO)
Advanced Shipping Note (ASN)
Goods Receipt Note (GRN)
Quality Check
Invoice
Pitfalls In The Supplier - Anchor Relationships
Supplier onboarding – Onboarding suppliers onto buyers’ systems and their journey from Purchase Requisition to Payment is tedious
3-way matching – Mapping the stage of the supply chain process at which the ticket is stuck has been a historical pain point
Reconciliation – The reconciliation process has traditionally been manual and riddled with frequent delays
Compliance and Audit – Statutory compliance and audits require backups and once again involve manual interventions
Time spillage – Opaque processes hinder visibility, leading to months of time spillage in some cases
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