Managing data can be a daunting task for procurement teams, especially when dealing with large amounts of information. Fortunately, our automation technology offers a streamlined solution that can help you overcome these challenges.
95%+
Supplier Participation in Data Cleanse
10 Min.
Average Supplier Onboarding Time
55+
APIs to Verify Suppliers in Real-Time
Procurement professionals are at the core of ensuring smooth and accurate business operations, yet they are faced with several time consuming challenges including managing large amounts of data, ensuring accuracy and compliance, and managing supplier risk.
Outdated Supplier Data
Are you stuck sifting through inconsistent supplier master data?
Supplier Onboarding Inefficiency
Are you struggling to onboard suppliers at scale through inefficient processes?
Manual Supplier Verification
Tired of wasting resources, verifying suppliers for banking and risk?
Problem:
Maintaining accurate information about suppliers while ensuring all stakeholders have access to the most up-to-date information can feel like a never ending chase.
Solution:
Bedrock provides a centralized database including all of your supplier information that helps facilitate communication between suppliers and procurement teams seamlessly delivering accurate data on the spot to everyone who needs it.
Problem:
Internally built supplier management systems regularly require manual checks and balances resulting in a higher chance for human errors and inadequate information.
Solution:
Bedrock’s advanced systems easily integrate with existing supplier systems that communicate as a single portal for supplier information and storage creating consistency and transparency for procurement specialists using standardized templates, processes, and forms.
Problem:
Manual supplier onboarding processes are time consuming and often result in inaccurate data inputs for all client sizes, small and large.
Solution:
Ensuring that suppliers are above board financially and compliant with government regulations can be challenging. Bedrock's real-time banking and risk verification can automate compliance checks and provide real-time risk assessments, helping procurement professionals to identify and mitigate risks.
Problem:
Ensuring that suppliers are above board financially and compliant with government regulations can be challenging.
Solution:
Bedrock uses pre-built API’s with automated real-time banking and risk verification for compliance checks and risk assessments to help procurement teams identify and mitigate unforeseen risks.
You need a partner willing to handle the integrations and make the phone calls in addition to providing a powerful platform and automation tools.
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