DIGITAL ONBOARDING
When a new supplier is brought in , it is important they are onboarded quickly and efficiently to avoid time-consuming administrative work and can go directly into delivering improvements for the procurement team .
Leading procurement platforms know how vital this tool is , offering an array of assistance in helping their users to stay streamlined and keep their competitive edge in an increasingly competitive market .
Leaders from JAGGAER and Coupa share with Procurement Magazine the key components of effective onboarding processes and how they work to reduce risks and improve efficiency .
Why is digital onboarding so important ? Digital onboarding is vital for procurement teams , offering numerous benefits that enhance efficiency and effectiveness . Through the automation of the process , teams can reduce time and effort when it comes to integrating new suppliers — allowing them to put their resources into strategic tasks .
It also assists in reducing risk , with the platform providing the tools for due diligence , ensuring compliance with regulations and ultimately leading to better supplier selection and cost optimisation . The process empowers procurement teams to drive value by minimising risks , optimising costs and maintaining high-quality standards , positioning them for success in a competitive business landscape .
procurementmag . com 97