ESM’s Supplier Management solution provides a central location to streamline all aspects of working with your suppliers. With it, your organization can automate manual workflows, enable your suppliers for self-service and reduce your exposure to fraud and theft - all at the same time.
Your Entire Supplier Lifecycle in a Single Solution
Workflows & Notifications
KPI's and Scorecards
In a recent example, more than $3 million was paid to a fraudulent account.
A supplier management solution reduces this risk: Vendors are responsible for updating bank information in the portal. Only authorized users are able to make those changes.