Ensure Reliability and Compliance of your Suppliers and Secure your Supply Chain
Procurement costs make up a large share of a company’s expenditures, impacting your company's profitability and business value. If you do not analyze your suppliers and their performance up front, you might not find the best partners to build an efficient and secure supply chain. To ensure a consistent quality of goods and services, companies must review suppliers to ensure supply continuity and to optimize procurement spending.
Serrala's solution enables accurate and systematic supplier onboarding procedures and ongoing evaluation of suppliers to manage risk.
Best Practice Supplier Evaluation
- Automated determination of supplier score and risk category
- Digital onboarding and evaluation procedure
- Proactive, automated alerts that provide daily monitoring of supplier status changes
- Process-based templates, e.g. supplier survey
- Integrated correspondence function
- Integrated worklist prioritizes processing
Compare Supplier Performance
- Compare all relevant supplier data at a glance with graphical reports
- Integrated scorecard
- Comprehensive reporting framework
- Dashboard – visualization of KPI's
- Embedded Robotics for Process Automation
Achieve a 360 Degree View of Suppliers
- Online-connection to credit reports from multiple credit rating agencies
- Interface to compliance databases to screen suppliers with regard to anomalies and potential risks
- Processing of business and compliance information in follow-up procurement activities
Key Benefits of Serrala's Supplier Evaluation Solution
- Compare the performance of your suppliers to ensure supply continuity
- Standardize and automate the supplier onboarding process
- Assess supplier finanical risk, reliability and compliance
- Gain a 360 degree view of supplier information
Further Reading
Success Story: Adient
Learn how Adient, a global automotive seating supplier is able to process more than 3 million invoices each year from its global shared services center in Bratislava.
Whitepaper: What's Next In Accounts Payable?
Find out how to leverage the latest robotic process automation, Cloud, mobile and blockchain technologies to improve your existing invoice processes, lower the cost per invoice and reduce fraud.
Brochure: Procure to Pay Solutions
Learn how our Supplier Evaluation, Supplier Management, Accounts Payable Management, and Payments solutions work to provide an end-to-end solution for managing outbound payments.