FAQ
SupplierGATEWAY is SOC II Type 2 Certified as well as ISO/IEC 27001 certified. We are proud to hold these certifications that show just how seriously we take our clients’ data security. If you want to know more about our data handling, please see our Global Data Processing Addendum here.
The onboarding process for suppliers may vary slightly from vendor to vendor, but generally speaking, the supplier onboarding process consists of the following steps:
- Collect supplier information like business details, product catalogs, pricing, compliance documents and any other important information your business requires.
- Once information is collected, a risk and compliance assessment is done to ensure that a potential supplier poses the lowest amount of risk to your business.
- Train and educate suppliers about your company’s internal processes, workflows, and tools regarding purchase orders, invoicing and payments, and more.
Supplier onboarding software helps your organization digitally collect information about potential suppliers, evaluate the information, and evaluate risk and compliance in regards to a supplier. Supplier onboarding software like SupplierGATEWAY’s Onboarding and Offboarding platform integrates with your company’s other systems, allowing supplier information collected during onboarding to be accessible across your entire organization.
None of our platforms require a special IT project or build. Our services are cloud-based and ready to launch when you are. No need for getting additional budget approvals for IT projects.
All of our platforms integrate with your current ERP/AP systems via our API, making sharing supplier information across your organization quick and easy.
A vendor self-service portal, also known as a supplier self-service portal, is an online platform used by businesses to capture supplier information that is necessary in order to do business with that supplier.
Traditionally, supplier information is gathered manually (either by searching online for information or piecing information together via emails and phone calls) and stored in spreadsheets. A supplier self-service portal allows vendors to enter their own information at their convenience. That supplier information can then be shared company-wide and used by AP and other departments.
According to Gartner, vendor master data management is “a technology-enabled discipline in which business and IT work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise’s official shared master data assets.”
In layman’s terms, vendor master data management is a way for multiple teams throughout an organization to keep important supplier information organized, correct, and consistent.
Supplier master data management is a system that centralizes supplier data and ensures that the data is accurate and uniform across your organization. Supplier master data management also encourages transparency which often results in cost-savings and potential revenue-generation opportunities for your organization.