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Track your vendors, keep track of your spending, and make your vendor relationship more efficient.
Using outside vendors can be a major pain. Keeping track of their contact information, invoices, work history, and timetables, as well as ensuring that the actual work is completed, can entail a lot of paperwork, spreadsheets, and stress. Vendor management software is a web-based solution that helps businesses control expenses, improve service, and reduce risk so they can get more value from their vendors throughout the business life cycle.
Vendors can be fully and seamlessly integrated into your maintenance system with TeroTAM’s Vendor Management Software. You can get the same data from a Vendor as you would from a member of your own maintenance staff, making managing outside Vendors as simple as managing your own.
When working with contractors and third-party providers, you need to be able to integrate them into your existing internal operations. With TeroTAM’s Vendor Management Software, manage each and every vendor related activity from a single centralized dashboard to keep track of every vendor information and analytics for streamlined operational decisions
Get all the necessary information about your vendors at single place with click-easy way as and when needed to make well informed vendor decisions
Track your Vendor's Past and Present work performances, invoices, quotations to analyze their future suitability with the organization for seamless operations.
Keep a strict eye on inventory by Third-party with Vendor Management software to avoid over-stocking as well as out-of-stock position and maintain optimum inventory level.
Simplify the communication between you, your vendors, and your suppliers to streamline the day-to-day updates with automated updates and alerts regarding your vendor related information. Track and Rate their performance and send them feedback with an in-built vendor rating system.
The comprehensive dashboard lists all ongoing contracts and keeps you up to date on their progress. Contracts that are about to expire will receive automated reminders, allowing you to renew them on time and continue working without interruption.
Define precise performance indicators and conduct periodic vendor evaluations. You can rank them based on service quality, delivery time, complaint history, quality management systems, and a variety of other characteristics.
Vendor ratings and work reviews are included in the built-in rating system, which helps you award contracts to vendors appropriately. This way, depending on their track record, you'll always know which vendor to hire for a job.
Experience a 360-degree perspective of all supplier-related data, including performance and risk with a Centralized Dashboard
Invite and onboard new vendors and suppliers to expand your catalog. Manage your existing vendors and suppliers and invite new ones to be a part of your ecosystem. Centrally Manage digital agreements and contracts and view all your vendor and supplier contracts and pricing. Expedite your Vendor On-boarding with a cloud-based digital system.
Retrieve and validate supplier information such as business reports, financial information, and credit risk information. Confirm goods receipt notifications (GRNs), goods return ship notices, and other documents in real time.
Gather important vendor information in order to screen them based on their reputation, historical performance, and other factors. Register suppliers fast and easily, access vendor information promptly, and use multilingual catalogs.
With a separate vendor dashboard, merchants can simply update their information and receive alerts on order and payment details. Let them Integrate their system with our vendor management platform to allow them to keep you informed.
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Manage all your Vendor related information on the go with Vendor Management Software on your Smartphones
Access all Vendor Past Performance Records anytime anywhere to make a cognitive decision.
With a Mobile-Friendly User Interface, you can keep track of any vendor’s work progress on your smartphone.
Get Alerts and Reminders for scheduled vendor expiry and renewal dates to streamline your vendor management.
Create and assign tickets for vendor related issues on your mobile device. Keep track of how many actions have been taken on it, as well as what the next action will be and when it will be taken.
Allow Vendors Create and share Quotations and Invoice with Vendor Dedicated dashboard through their Smartphone
Get Alerts and Notifications regarding, Goods receipt, Goods return shipments, and other important delivery updates on your smartphones.
Obtain and verify supplier information such as business reports, financial information, and credit risk information. Do the Initial Screening of the Vendor before you make the decision. Compare all the quotations on the centralized platform and choose the best one for the business.
All POs, PRs, contracts, and secret vendor payment information are accessible from one location. You need not pull up the bundles of files and papers now nor do you need to scroll down the excel sheets, you can just get all the information from the centralized portal of vendor management software.
Collect all the payment related details at the time of on-boarding of the Vendor. Make the digital payments through account transfers and generate the digital payment receipts to experience the smooth financial transactions and keep the payment cycle clean and clear with no objections and obstacles.
Initiate corrective action plans (SCAR) or offboard suppliers who perform poorly. On the vendor management software compare the supplies, rates, timing all the key parameters of their performance and rate them according to their quality of services. On-board the best performers and off-board who are generating costs for the enterprise.
When catalog prices are raised, incorporate rate contracts and enforce contract pricing. Work on the pre-decided rates, no more negotiations and rate up-down with every transaction with Rate agreements at the time of Vendor On-boarding on the system. Keep your Vendor dealing hassle-free.
Gather important vendor information in order to screen them based on their reputation, historical performance, and other factors. Make all the records and documentation on-line with the help of e-vendor management system where vendors also have the dedicated portal to update all the information.
The Most common Brain Teaser for Vendor Management Software
Got a question? We would love to hear from you. Send us your message, we will respond you as soon as possible.
We have been using the TeroTAM platform for 1 year and we have seen a streamlined approach in our Staff management and Project Management. After we get started with them, our asset management has been upgraded and becoming cost-effective day by day. “Keep it up…Team TeroTAM.
Starting from Asset Management to Complaint Management, each solution we used, has made our process fluent and flawless. We have remarkably reduced the cost of Inventory management and maintenance management with easy-to-use TeroTAM CMMS software. We experienced superfast tracking and location management with the QR-code scanning technology they offer. All-and-all, it’s a one-stop solution for all your business needs. Strongly recommend it to all.
