One of the constant management challenges that business has to deal with in most of the cases has to do with accounts payable. Having a means to automate this could be a solution to plenty of the challenges that businesses face every time.


With the current vendor management soft wares, there is a lot that a business can be in a position to achieve. Notably, their procurement for staffing services is greatly enhanced.

VendorINSIGHT®

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Rating: 4.8/5

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This software an easy to use yet comprehensive vendor management system that literally puts you in control of your business as well as its resources. With this tool, you will be in a position to create, manage as well as update vendor records. In addition, you can customize data fields to classify different vendors.

Passageways Vendor Management Software

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Rating: 4.9/5

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The passageway is an intelligent way to manage your relationships. The software will have you comprehensively covered on the analysis of vendor costs and risks, collaboration with other clients as well as issues concerning compliance. The system also gives you the ability to manage external personnel contact information.

Tipalti

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Rating: 4.8/5

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Business is continually opting for the simplified tools, and this is being made possible by tools such as Tipalti. With this tool, you will be able to conveniently manage supplier onboarding, compliance requirements such as tax will be automated and be in a position to pay your suppliers all over the world.

TOTAL SUPPLIER MANAGER

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Rating: 4.7/5

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Without an elaborate supplier management system, your organization is bound to lose not only time due to inconveniences but also money. This is the reason Total Supplier Manager is committed to making your operations smooth. The tool will offer formatted supplier vetting and performance processing while it integrates with your ERP.

Other Platforms

So far, we have only discussed the vendor management systems that are available to the Windows platform. Though they form the majority, there are still some soft wares available for another platform namely Linux, Mac as well as Android. This offers sufficient alternatives for the users in these environments.

Vendor Management for Mac

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Rating: 4.7/5

Price: Free

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If you are on the Mac platform, this is one of the vendor management tools that you can use for great convenience in your business without having to shift to other platforms. It is an online tool that can be used for event production and it serves as a real-time replacement of an event binder.

JVendor for Android

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Rating: 2.5/5

Price: Free

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Smartphones are becoming a must have in the present day and thus it makes them a perfect tool to manage your business. With jVendor, you are able to manage your business in a modern way. With the app, buyers can request new orders and sellers can receive notifications of new orders.

Most Popular Software of 2016 – ProfileGorilla

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Rating: 5/5

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ProfileGorilla has taken a lead among the vendor management systems to become a favorite to many businesses. The major reason for this achievement is due to the manner in which it simplifies vendor and supplier management through an organized and comprehensive system that is easy to use.

What is Vendor Management Software?

For software to be termed as vendor management, there are a number of functions that it must fulfill within an organization. Of most important is the management of accounts payable as well as ensuring smooth relationships. In the majority of the cases, these soft wares come inclusive of other roles required within a business such as accounting and this function is just but a module of it.

Also, these soft wares can come in a form that is compatible with other management tools to allow the best performance. Vendor management soft wares at the same time offer better coordination between the business and the suppliers.

The productivity of your business to a large part depends on the level of efficiency available. The vendors also have a large part to play for you to succeed. Therefore, having a management system to keep the relationships in check is a valuable tool in ensuring the success of your enterprise.


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