SupplierBank

Supplier Adoption

One of the biggest issues when carrying out an ERP or marketplace project is the resource heavy task of supplier adoption.

Supplier Adoption or enablement is simply the task of collating all the information required to make electronic purchasing systems work. Every supplier has to be contacted, its details obtained a verified, the supplier then has to be categorised to match the categories used on the purchasing system.

Usually the data is then transferred into a template and then uploaded into the purchasing system.

The supplierbank profiles and data collection allows for much more than supplier adoption. Public sector organisations such as local government are tasked with having to report on how and who they spend their money with.

This includes money spent with small and medium enterprises as well as minority organisations.

How it Works

Supplierbank is a very similar concept to social networking sites that are now mainstream in many peoples lives. Connections are made through requests and approvals, just like making friends on facebook!

In most cases the buying organisations write or phone their suppliers and asks them to register their sales information and other pertinent data that can be loaded into the purchasing and payment systems that produce purchase orders and receives invoices.

Suppliers can create a free profile and then request a connection to the buying organisation it supplies. Once a connection has been requested, the buying organisation can then determine if the supplier is required, approve the connection and then add the unique vendor number that comes from their purchasing system.

The data can then be uploaded into the purchasing system and the supplier can then be made visible to its purchasers.

Please be aware we do not and never will ask for Bank Details