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In this blog post, we will explore the benefits and key highlights of inoday’s enterprise vendor portal.
The Healthcare industry is growing rapidly and so are the businesses in it. Therefore, they need a dedicated vendor portal. This portal should align with the goals of these businesses and help them grow.
However, it has become difficult for business to manage their vendors as they attain the growth milestone. Moreover, it has become difficult to maintain vendor relations as there may be multiple vendors.
Therefore, inoday comes with a solution of having a dedicated vendor self service portal so they can access, view, and edit the necessary details. It enables a business using it to stay updated about their vendors and the goods they supply.
So, let’s jump right in and know the basics first.
What is Enterprise Vendor Portal?
Enable your business to communicate with multiple vendors and manage them. This portal streamlines transactions between a supplier/vendor and a business. It is a self service vendor portal where suppliers/vendors get real-time visibility into your company.
There is no need for them to manually communicate with the business owners via email and calls. In the same way, it reduces the work of the businesses in the same way.
Here’s a short case study to understand to get a better understanding of it.
A healthcare company manages 100+ suppliers of different medicines. However, it has become a herculean task for them to manage all these vendors. This lack of management results in dissatisfaction among most of the vendors and the creation of some operational and compliance issues.
To tackle this, the healthcare company chose inoday’s Enterprise Vendor Portal. This portal provides them with the capability to efficiently manage suppliers/vendors. It resulted in quality control, regulatory compliance, and on-time delivery of crucial drugs.
inoday Enterprise Vendor Portal for Healthcare Industry
inoday understand the pain point of businesses in the healthcare industry about managing multiple vendors. These businesses can use the feature-rich portal for vendor management which is integrated with ORACLE NetSuite and Dynamics 365 Business Central.
Enterprise vendor portal in healthcare by inoday helps businesses of any size in the healthcare industry. It is useful for a business that deals with multiple vendors to streamline its operations.
This portal facilitates communication between suppliers/vendors and businesses in resolving various pain points. It is helpful to resolve invoice processing delays, late payments, augmenting communication, etc. This robust platform requires a vendor to first register, and then use the portal to the fullest.
Key Benefits of Using inoday Enterprise Vendor Portal
Being the best digital transformation company, inoday provides capability to businesses in the healthcare industry to use its dedicated portal. This portal is important for the growth of supplier/vendor management through the following benefits:
- This portal is important for both customers/businesses and suppliers/vendors that ensure flawless collaboration and communication. It allows both to work seamlessly using a single platform by reducing misunderstandings.
- Self service portal for vendors that helps them feed and edit data by themselves. It reduces the need to hire additional resources on fixed payrolls. Moreover, it increases satisfaction among vendors by tracking resources.
- Expedite the new vendor onboarding process for new vendors as they can start just by clicking and completing a few steps. The onboarding process helps reduce manual errors and speeds up vendor registration and approval.
- This portal is efficient in managing returns and payments-related disputes with the digitization of supplier processes. This system can track the return status, validate claims, and process refunds without unnecessary delays.
- This vendor management system is platform-independent so vendors & businesses can use it through any device. The only thing that is essential here is an internet connection and the correct credentials.
Additional Highlights of inoday Vendor Management System
Healthcare businesses can leverage the above given beneficial points and other points also to stay ahead of the curve. These points make inoday vendor management system stand out from the rest.
- Enables management of cargo which is a key part of the supply chain process.
- Uptime of 99.99% so businesses can access and view cargo information anytime.
- Dynamic platform which can be tailored to meet specific business needs.
- Ability to add cargo insurance details and SOS information.
- Minimum manual intervention is required with economical licensing.
Registration on inoday’s vendor portal is easy for a vendor and mostly can be done through on-screen instructions. After that, management of the portal by both vendors and businesses in the healthcare industry is easy.
One more quality that sets this portal apart is the capability to integrate with Business Central and NetSuite ERP. These are useful for making Healthcare procurement solutions which are also useful in supply chain logistics.
Conclusion
Indeed, technology is important for the flawless functioning of vendor portals, and we pay special attention to it. Healthcare businesses can use the robust vendor management software to streamline operations and mitigate risks. This system enables a business to excel in efficiency and maintain a competitive lead in operations.
To get additional details about the vendor portal of inoday, contact our qualified and reliable IT consultants.
