Businesses and their suppliers work in a complex environment that calls for simple, secure, and seamless processes in order to operate efficiently with one another. Without the right solutions and platforms in place, these business processes can be extremely time-consuming and potentially frustrating to work around. 

DespaQ’s supplier portal can be the solution to many issues organisations face when working within supply chain management. A vendor portal can be used to store information, submit documents, receive updates, display inventory, and house communication. 

Common Uses for a Supplier Portal

Streamlining vendor onboarding. This allows new partnerships to start off on the right foot by being able to easily provide the vendor with important links, process instructions, and answers to any frequently asked questions.

Simplifying tracking and reporting. Businesses are able to track multiple suppliers and get a clear picture of their own progress with customised reporting.

Staying up to date with procurement functions. Invoices, purchase orders, and payment histories are easily accessible through the portal, as well as visibility into any changes or updates with a shipment, the expected delivery date, payment status, and other vendor notifications in real-time.