Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
No one likes onboarding suppliers via email exchanges. There are a lot of manual tasks to capture information needed to pay suppliers and confirm they are compliant. Unfortunately, managing thousands of suppliers manually will always fail. It could be an OFAC fine, fraudulent payment or countless hours keying in data.
Procurement managers reported too many inefficiencies in their supplier onboarding process.
Onboarding new suppliers is a long process that can take up to six months at many large organizations.
These fraudulent activities involve altering or manipulating checks and digital payments, leading to substantial financial losses.
Ensure compliance across every supplier segment with highly configurable business rules, dynamic user journeys and data validation against more than 1000+ trusted data sources—including bank account ownership validation.
apex platform provides continuous, proactive monitoring to enrich and update your supplier data over time. Improve data like new contacts, entity type changes and industry codes that can be added to the record based on your preferences.
Achieve global regulatory compliance by requiring certain fields to be completed or important documents to be uploaded before vendor master records are created.
Can support multiple languages and easily align registration fields with various in-country regulations, regardless of where you do business. You also get secure, bidirectional communication with multiple ERP platforms and procure-to-pay systems used around the globe – all from a single apex platform.
The cognitive technology used by the apex platform helps you build a pristine vendor master. We automatically flag duplicate entries and verify supplier data against billions of records in 1,000+ databases, including our own.
More than 800 fields and 300,000 built-in business rules let you easily configure your portal to gather the information you need and give you control.
Tax numbers, banking information, addresses, proof of insurance, certifications and more can be captured, validated, approved and transferred to your various procure-to-pay systems.
Operate in complex envirnoments, whether multiple regions, ERPs, business units or supplier types.
Enforce supplier-related policies and drive strategic initiatives than during supplier setup by leveraging the configurable business rules in the apex platform.
Get to know the single, central supplier hub for easy and efficient supplier management.
The apexportal delivers a 100 percent touchless alternative to time-consuming and error-prone manual onboarding processes. Your suppliers onboard themselves in their own language through a simple, elegant web page branded with your company’s logo.
Enable faster supplier onboarding with self-service, branded supplier portal
Best practice, pre-built supplier questionnaires in ethics, IT, financial standing, business continuity planning, and highly configurable templates
Real-time data validation (tax, bank account, address, prohibited lists).
Foundational agnostic technology to integrate with any P2P platform.
Customized workflows to ensure compliance across supplier base.
Single source of truth (JDE, SAP Certified, Oracle Partner, WorkDay)
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 solve your supplier onboarding problems.