Managing vendors efficiently is crucial to ensuring a successful project delivery. However, it can be a daunting task to manage vendors across different departments, projects, systems, and legal entities.
A central vendor management system helps streamline this process and reduce errors between departments, something that causes information roadblock and slows things down.
Our vendor master system allows all vendor information to be easily accessed and managed in one convenient place, eliminating the need to switch between different systems and departments and uncertainties around different information attached to the same vendor.
This one ‘point of truth’ creates seamless efficiencies when onboarding new vendors since your financial department, estimating team, and ERP or CRM solutions can all be confident that the data they are working from is accurate and up to date.
This system can be used independently from the rest of our construction software management suite of tools as its primary focus is to remove the likelihood of errors being introduced during the onboarding process.
The benefits to a company, from an administration perspective, cannot be understated since a tool like this eliminates future problems ranging from vendors being incorrectly labelled in an estimating system, to different legal entities being entered in your finance software and mis-typed contact details added to an ERP or CRM creating headaches for your project managers.
As with all of our suite of software, our objective with this vendor master tool is to bring consistency, efficiency and transparency to our client’s systems and processes.
This means less loss across the company, from the administration to the daily contact of your contractors. Giving ‘time’ back to your team and creating such process-driven efficiencies ultimately leads to greater profitability across all aspects of the organisations and strengthens your bottom line without having to bring anyone extra onto the payroll.
Giving ‘time’ back to your team and creating such process-driven efficiencies ultimately leads to greater profitability across all aspects of the organisations and strengthens your bottom line without having to bring anyone extra onto the payroll.