B2B Vendor Portal Development

Off-the-shelf vendor portal solutions are uncommon for medium to large enterprises due to their constrained functionalities and the significant cost increase with user numbers. More companies, like those working with Elogic, are choosing bespoke options. Tailored supplier portal solutions enable the automation of intricate and unique vendor management tasks, aligned with the specific vendor management and procurement strategies of a business. They also fulfill the stringent compliance and security standards of heavily regulated sectors and integrate flawlessly with existing internal systems like ERP and inventory management software.

Buyers Integrate Vendor Portals with ERPs for:

– Extending visibility into procurement activities to involved teams like the production planning team.
– Synchronizing order payment information between systems for instant supplier payment notifications and avoiding order shipment delays.
– Storing invoices for financial reporting.
– Informing the inventory management team about planned supply provisions.

Suppliers integrate vendor portals with ERPs for:

– Streamlining price quote processing and product price uploads from buyers.
– Managing product stock availability for smooth order processing.
– Systematically storing invoices for easier financial reporting.
– Automatically updating order shipment information in the vendor portal.
– Using historical sales data to optimize production planning.