Xerox Workflow Automation Solution for Vendor Management
By standardizing your vendor management practices, you can strengthen vendor relationships. The Xerox Workflow Automation Solution for Vendor Management helps you standardize vendor document management across departments and integrates into existing ERP and related accounting systems.
From initial sourcing through to execution and contract renewals, our document management solution provides transparency across departments. It helps you establish a standard process that is detailed enough to drive cost savings, mitigate vendor quality risks and create service excellence across purchasing and your lines of business.
Workflow Automation for Vendor Management can help you:
- Rationalize number of vendors and set up criteria for prioritizing and labeling vendors as strategic, transactional, etc.
- Reduce administrative costs associated with manual and disconnected processes.
- Integrate into your existing master vendor list as well as other contract management or ERP system data.
- Assess and monitor quality issues through use of dashboards, vendor scorecards, and performance reports.