How a BPAAS Vendor Portal Slashes AP Costs ?
Reduce costs in Accounts Payable Enhance customer service with a Vendor Portal solution
Accounts Payable department is usually busy and often overworked. They manage what seems like an endless stream of phone calls and emails from vendors inquiring about invoices receipts, payment statues and other information. This activity has a negative impact on the efficiency of processing cycles and can cause errors.
A self-serve Vendor Portal should have the look and feel of the company, customized with the logo and other branding specifications. It should also be seamlessly integrated with the ERP or accounting software. Using a portal will improve staff productivity because suppliers can submit invoices, track the approval and payment status and update information