Increasing Understanding for Consultants

This in turn can reduce costs and minimize human error. For example implementing an automated system for invoice entry can significantly reduce the time and resources spent on accounts payable and other related departments. Strengthened supplier relationships A supplier portal enables companies to build closer relationships with their suppliers by providing a secure and transparent environment for processing orders and payments. All in all a supplier portal with its sourcing capabilities can benefit businesses that use their ERP and financial system to create a purchase order. By delivering order confirmations electronically and automating invoice processing supplier portals can effectively reduce administrative workloads improve accuracy and facilitate interactions between buyers and supplier