What it is (plain English)
Managing suppliers from onboarding through ongoing relationship: capturing and verifying supplier information, running onboarding workflows, and maintaining an authoritative supplier record — so procurement, risk, and finance all work from the same trusted supplier data.
Problems it solves
- Supplier onboarding run over email and spreadsheets, slow and inconsistent.
- Fragmented, duplicated supplier data across systems.
- No clear status or accountability during onboarding.
- Risk and compliance checks skipped or untracked.
What must exist first
Platform Core Setup. Provides the supplier foundation that Procurement Operations and Third-Party Risk Management (TPRM) build on.
What the customer needs to provide
- Your supplier onboarding steps and required information/documents.
- Verification and compliance checks in the process.
- The authoritative supplier data model and system of record.
- Who owns supplier relationships and data quality.
Where it can go next
Feeds Procurement Operations and Third-Party Risk Management (TPRM); integrates with ERP/finance supplier masters; supports supplier collaboration portals.