As the demand for secure, SaaS-based, Vendor Portals increases so too do the concerns about Vendor Portal SaaS Security. These concerns are not limited to Vendor Portal applications they are more ubiquitous across all on-demand solutions. One of the major advantages of a SaaS-based Vendor Portal application is that it can be accessed virtually from anyplace at any time, as long as you have Internet connectivity. However,...
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Vendor Master Management strategies are what makes it possible for you to create a strong and mutually beneficial relationship with your service providers and suppliers. That’s why it’s completely wrong and unjust to say that vendor management is nothing more than a couple of negotiations aiming to win the lowest price possible for your business. Vendor master management offers so much more if you press...
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Vendor Portal Systems are fast becoming a high priority within large enterprises. In 2014, Deloitte put out their Global CPO Survey annual survey where they claimed that 65%procurement leaders endeavored to invest in a Vendor Portal system rather than upgrade their ERP....
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Vendor Portal Benefits take many forms. Many people do not realize just how integrated a configurable a vendor portal will end up until they bring their team together and start to collect requirements. Also known as a Supplier Portal, they are web-based and genuine vendor management solutions that provide multiple benefits with an excellent opportunity to work and communicate with your vendors in a safe, secure,...
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Synchronized Vendor Master Management across your enterprise may seem like a true mission impossible. However, there are some tips that you can follow to easily turn your current process into a controlled and efficient best practice....
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Using a vendor Portal to de-risk your supply chain. A supply chain is a living business organism, which inevitably has to go through periods of intense disruptions or high risks, every now and then. According to the findings of the Zurich Global Insurance Group in 2011, more than 85% of companies, which took part in the survey, experienced the consequences associated with the supply chain...
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Data Privacy is one of the leading concerns that customers express when setting up a Vendor Portal. Vendor Portals transfer sensitive data from buyers to suppliers and back again. Ultimately, each customer must make some degree of internal risk-reward calculation to determine if the time-money saving benefits of a Vendor Portal will outweigh the data privacy and security concerns that a SaaS tool introduces. Vendor Portals transfer...
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