What Is the Payoff for Implementing a Vendor Portal?

If you are thinking of adding a vendor portal to your technology tools, you’ll find that the cost is relatively low and the payoff is high. Phase 1 The first step in setting up a vendor portal is to determine what information will be provided to your vendors via the portal. Many portals are developed in phases. The first phase might include uploading invoice and payment information from the accounting system to enable the vendors to gather information using basic search functions. The…