ELIT.ai eSupplier Solution – From Supplier Onboarding to Strategic Collaboration
ELIT.ai eSupplier portal- From supplier on-boarding to strategic collaboration, the supplier lifecycle can be structured and streamlined using ELIT.ai eSupplier Portal. ELIT.ai eSupplier Management provides web-based applications to support supplier qualification, onboarding, and overall management. ELIT.ai’s eSupplier solution allows businesses to manage supplier information and automate processes across the supply chain. It includes a comprehensive view of supplier information and allows you to manage compliance, reduce risk, gain full process visibility, and reduce P2P staff workload.
How it helps
Using an electronic questionnaire with automated response summaries, ELIT.ai enables you to monitor supplier management, performance, and risk. Using the software subsequently will help you plan and evaluate improvement initiatives. You can collect supplier data and legal documentation directly through the self-service portal, and suppliers can manage their information at any time.
ELIT.ai’s intelligent dashboards give AP specialists a comprehensive overview of supplier information, and all changes and actions are recorded and updated statuses. Using ELIT.ai’s supplier registration online form, all data can be quickly confirmed and identified as incorrect, thanks to clear indicators. Moreover, ELIT.ai’s solution ensures that data is matched with ERP supplier master data and that no duplicate supplier records are created.
Search for and list every supplier and their products, services, locations, certifications, specialties, and contacts. The Supplier Directory ensures that suppliers are synced to your key systems automatically, thanks to finance and Purchase-to-Pay (P2P) synchronization. It’s a quick and collaborative online process that saves you time and money. With intuitive tools, you can tailor questionnaires, score automated answers, and prioritize suppliers.
Interact easily and instantly with suppliers through ELIT.ai portal. Self-service web tools enable suppliers to manage their profiles, quote for jobs, receive purchase orders, upload invoices, and check their payment status.
ELIT.ai automates supplier management to ACCELERATE ONBOARDING of new suppliers with reminders being automatically sent to suppliers to update their information.
With intelligent and intuitive dashboards, obtain into every step of the supplier onboarding and approval process.
Suppliers may quickly complete & submit their information using an easy-to-use supplier self-service portal.
ELIT.ai supports bulk invoice upload using RPA/AI methods. Now supplier can upload multiple invoices at one short and thanks to our AI which will take care of the three way matching and provide accurate matching with the Purchase Order and publish the invoice with minimal user interventions.
Supplier information is verified to ensure compliance with financial and compliance regulations, as well as ensuring that all information is correct.
With ELIT.ai software you can achieve:
Increased sourcing capacity reduces the cost of disruptions caused by non-performance.
A good supplier relationship reduces the cost of non-compliance liability and increases savings from lower prices.
Reduced cost of admin support in AP and Procurement.
Broader, better rationalized supplier base.
Improved supplier management policy compliance and transparency.
How it helps your business:
EASILY MANAGE CONTRACT RENEWALS & RENEGOTIATIONS
Your company’s contracts are essential, but often inefficient and siloed contracting processes result in bottlenecks that penalize revenue and put your company at risk. Using ELIT.ai’s, you can efficiently manage contract lifecycles, track contract spending, and avoid contract renewal deadlines thanks to dashboard analytics, reports, and electronic notifications. Using the centralized contract repository ensures that all departments follow the same processes.
EFFICIENCY & COLLABORATION ACROSS THE P2P CYCLE
ELIT.ai’s automated platform encompasses the entire P2P cycle—from procurement and accounts payable to expense management and more—to bring much-needed unity, efficiency, and transparency to all financial operations and help companies continue to evolve the way they purchase, book, and pay for things.