Spin your own transparent supplier web with FinessArt Supplier Connect
Reduce financial risk, enable visibility into supplier network by enhancing supplier collaboration.
80 Million +
Annual Tier-1 Transactions
80
cdyfty
8080B+ USD
Value of Transactions
Looking for an efficient, risk-free supplier on-boarding solution ?
- Enabling suppliers to self-serve eliminating manual work and minimizing errors while gathering information
- Analysis of Suppliers financial health through complex algorithms to reduce risk
- Automatic background checks enabled through real- time integration with GSP, MCA portal and mandatory attachment of financials
- Creating multiple approvals for supplier creation
Looking for a cost-driven eProcurement?
- Auto-generation of comparative statements based on the budget
- Allocate RFQ quantities to different vendors based on price trends
- Take advantage of early payment discount through auction
Want to automate your Account Payables?
- 3-way match to overcome invoice rejection
- Auto creation of debit and credit notes
- Direct posting of invoice to ERP
- Bank connect for account reconciliation
Want a smart SIM – Supplier Information Management ?
- Supplier performance score based on supplier’s track record and intuitive KPIs
- Better collaboration with supplier through direct communication via portal
- Flexibility for suppliers to self-serve to change profile details and maintain a clean master data
Procurement FAQs: Cost Control, Risk & Supplier Efficiency
Our experience with the market leaders across diverse industry segments helps us serve you better with expert knowledge on any of your supply chain challenges.
Any alternatives to the expensive labor-intensive supplier sourcing?
- eProcurement solutions serve as the platform to implement any cost-saving process as it automates the interactions between supply-chain business entities
- High degree of automation and accuracy through Supplier Connect eProcurement platform digitizes the RFQ to inventory processing and invoice approval to payment
How can I stick to the allocated budget?
- Hunting for the cheapest suppliers is made easier by conducting competitive online supplier auction events
- Generation of smart comparative statements which ranks suppliers closest to your budget
- Avoid surprise bills through late, partial and unknown shipments
How to minimize risk and expenses?
- Keep track of the audit trails with the suppliers to be aware of the price trends
- Take advantage of dynamic discounting
- Manage risk by analyzing supplier’s financial health and performance through Supplier Connect score card
- Strategic supplier relationship management with FinessArt can build positive professional relationship creating an opportunity for mutual benefit
Why FinessArt Supplier Connect ?
Improve accuracy of production planning through collaborative replenishment to streamline inventory
Accelerate efficiency through simplified RFQ and quote generation processes
Avoid unexpected expenses of late receipts
More on Benefits to the Stakeholders
Have questions or want to learn more?