✓ 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
✓ 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
✓ 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
✓ 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
Why FinessArt Supplier Connect ?