Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
Finding the right supplier can be like finding a needle in a haystack. Businesses often struggle with the time-consuming process of vetting potential suppliers, ensuring their reliability and negotiating terms.
Procurement teams spends 29% of their time on supplier management tasks including discovery, vetting and risk analysis.
Companies say discovering new suppliers in new geographies is a significant challenge.
Many companies face significant operational costs due to the long time consuming process to complete a single supplier search.
apexanalytix Supplier Discovery allows you to quickly source suppliers to support your business in markets around the globe.
Suppliers who would like to do business with you can preregister online. Information they enter will be automatically validated, stored and, optionally, routed for internal review.
When you need a new supplier to fulfill a specific need, use Supplier Discovery to search your Supplier Discovery database, your current vendor master and apexanalytix’s proprietary database of over 100 million supplier records to the Global 2000. Export selected suppliers to your RFx system or simply invite them to complete registration to become an active supplier.
Discover new suppliers interested in partnering with you using Supplier Discovery module.
Publicize your portal sign-up page, send out online invitations, and even set up a real-time information kiosk at industry conferences.
Set your own preregistration rules, have suppliers provide essential details through a concise form, and decide what information is mandatory.
With automatic validation for entries like addresses and Tax IDs, you can ensure accuracy.
Built-in search capabilities let you use a variety of selection criteria to quickly identify the best suppliers for your sourcing needs.
You can search your prospect database, your current supplier records and our apex platform database.
Discover apex platform database that offers top-notch vendor records for over 100 million suppliers.
Leveraging over 10 million supplier communications annually, robotics, and machine learning, we tap into over 2 billion records from 1000+ global databases.
The result is the most complete database of active and trusted supplier records on the market.
Identify your prospect with a simple click, invite them to complete full registration via the Supplier Registration module.
Your configurable business rules for data capture, validation, approval and system update will take over from there.
Integrate with modules across the P2P lifecycle, including registration, inquiry, audit, discounting, financing, e-invoicing, risk management, and document exchange.
All your supplier-related systems and ERPs are supported from a single portal.
apexanalytix's Supplier Discovery is part of apexanalytix's comprehensive supplier management solution that replaces time-consuming, error-prone manual onboarding processes with a supplier-facing portal filled with automation and configurable workflows.
Remove the collection of data via email exchanges with a supplier-facing portal.
1000+ trusted data sources to validate tax IDs, bank account, address, prohibited/PEP lists and more.
Best practice, pre-built supplier questionnaires in ethics, IT, financial standing, business continuity planning, and highly configurable templates.
Ensure compliance with highly configurable workflows that can be easily updated by the P2P team.
Bi-directional integration with every ERP to keep all data synced all the time.
Integrate any P2P solution to simplify the admin and supplier experience.
Flexible apex platform modules cover the full day in the life of your P2P team and your suppliers.
A single, central supplier hub for every supplier, all of your policies and integration with 100% of your source-to-pay systems.
More insights. More expertise. More supplier intelligence. More recoveries than any other provider in the world.
Prevent fines, fraud and supply chain disruptions with continuous monitoring of your supply base – without the noise.
The fastest way to validate and enrich your third-party data with APIs tapping 1,000+ trusted data sources and 100 million company golden records.
Hundreds of product overviews, reports, customer-led webinars and on-demand product demos.
Fill out our contact form and we will be in touch shortly to discuss how the apex platform can help you find new suppliers.