Unlocking Capital. Digital Portal for Suppliers.

A digital supplier portal for customers is an integral part in our effort to digitize and streamline all the processes within their supply chains.

Processes of a Supply Chain

01

 Purchase Requisition (PR)

02

 Purchase Order (PO)

03

 Advanced Shipping Note (ASN)

04

Goods Receipt Note (GRN)

05

Quality Check

06

Invoice

07

Payment

These are traditionally painstaking, manual processes, executed by separate teams. Due to the fragmented nature of operations, there is a lengthy time gap in each step of the cycle, which cascades into several weeks of delay.

Additionally, it is a cumbersome process for both buyer and supplier to map exactly where the ticket is stuck. The time taken from Purchase Order to Invoice matching, which, if automated shrinks timelines significantly, takes several weeks, leading to frustration for the suppliers. The delay also eats into suppliers’ credit periods, deterring them from getting access to any kind of financing.

Pitfalls in the Supplier - Anchor Relationships

01

 Supplier onboarding – Onboarding suppliers onto buyers’ systems and their journey from Purchase Requisition to Payment is tedious

02

3-way matching – Mapping the stage of the supply chain process at which the ticket is stuck has been a historical pain point

03

Reconciliation – The reconciliation process has traditionally been manual and riddled with frequent delays

04

Compliance and Audit – Statutory compliance and audits require backups and once again involve manual interventions

05

Time spillage – Opaque processes hinder visibility, leading to months of time spillage in some cases

How a Digital Supplier Portal helps?

Automation

The entire process from Purchase Requisition to Payment gets 100% digitized and automated

Streamlining

The platform enables companies to streamline all processes

Mapping

The platform enables all stakeholders to map the journey of each ticket from Purchase Requisition (PR) to Payments

Accountability

The platform provides transparency, creating an environment of accountability

Speed

Accountability in turn, encourages teams to be pro-active and improves the speed of processing exponentially

Compliance

A smart compliance and risk engine enables asset-light regulatory compliance for anchors

Cost Reduction

The platform eliminates the need for manual intervention thereby significantly reducing the fixed manpower cost required to manage the earlier process

EBIDTA Increase

The fixed cost reduction along with significant improvement in operational efficiency leads to a witnessed EBIDTA increase for our clients

Click below to read a case study on a digital supplier portal for a top manufacturing and EPC conglomerate executed seamlessly by CredAble.