The Many Uses of Supplier Portals
How Using a Vendor Portal System Helps Businesses
Portals have become an integral part of doing business, both online and in person. They make it easy to access important information and find the particular data that you are looking for. They are easy to personalize, and show information to users based on their login and credentials. Portals also make it possible for certain groups, such as employees, suppliers, etc., to do business more efficiently. Having a vendor portal system saves both yours and the vendors’ businesses valuable time while making doing business easier for all of you.
A vendor portal allows vendors to upload products easily into the portal system, which could include the sales portal. This enables their sales team to have access to the information and resources they need to market, advertise and sell their products. It also gives the other business the ability to see and evaluate new products as soon as they come in rather than having to wait for a sales phone call and depending on someone else’s description.
Makes Communicating Easy
Before portals, most dealings were done in person or via phone or email. From quoting to collecting payments, business processes could take a few days, depending on people’s varying schedules and how easy it would be to get a hold of them. A vendor portal, on the other hand, makes it possible for these processes to happen in mere minutes. Suppliers can also easily look up information that is available through the portal and get their answers right away without having to make a single phone call.
Having a vendor portal also enables business to automate more business processes. Invoices and purchases orders can be automatically generated, allowing for quicker and easier processing. Orders that happen on a schedule can be automatically approved, saving sales teams’ time and energy. Using your vendor portal to help automate processes can help your business work smarter, not harder.
Vendor portals also help both suppliers and buyers by giving them opportunity to share and see the same information, instead of having to base decisions and discussions off of only the information that they have on their side. If pricing or term changes need to be made, the portal is an excellent vehicle to do so. Businesses can better collaborate and discuss resourcing and pricing because of this. They can also discuss how to better improve their performances as well as handle any disputes.
Clarity Can Help
At Clarity, we understand how beneficial portals can be for almost any business. From helping your sales team sell more efficiently to helping your employees handle their 401k’s, the use of portals are virtually endless. Clarity has extensive experience creating and implementing business portals for our clients. From sales portals for enterprises to HIPAA compliant legal portals, Clarity has created a wide variety of portals to fit our business clients’ specific needs. To find out more about portal systems or to speak with an expert about creating one for your business, call or click to contact us today!