The 5 Biggest Advantages of a SAP B2B Supplier Portal
Many companies across the world are hoping to propel their company into the future with a digital transformation. Thanks to the wonders of modern technology, there are now a variety of ways for businesses to streamline their operations to boost their growth, services, reputation and revenue.
With a range of options to choose from, it can be hard to know where to start when looking for innovative systems to improve company performance, productivity and overheads. It is therefore worth considering the SAP supplier portal, which is growing in popularity.
We are therefore looking at the five biggest advantages the web-based portal can bring to your business.
It is important to note that supplier portals will not generate revenue for a business; however, they can significantly reduce company overheads. For example, a company can cut back on administrative costs, as the suppliers can perform a task within the portal over a manual input of data from an internal operative.
One of the biggest benefits of a supplier portal has to be the simplified communications. The supplier will also appreciate the web-based portal, as they can enjoy a greater method for interacting with their client.
As the portal can display KPI data, a supplier will be able to monitor their performance for your business; therefore allowing them to improve their services to meet your business objectives. For example, a business can share their demand forecast data with a supplier, ensuring they are both prepared for a surge in demand.
With communication comes clarity, which, in turn, improves company operation for both a business and its supplier. Also, as the information can be viewed in real-time, the portal will provide increased transparency, whilst allowing the users to identify who implemented an action, who completed the action, and when it was taken.
Instead of storing supplier information in different emails, drawers and folders, you can securely store all purchase orders, addresses, contracts and historical data in one easy to use platform. So, whether a business is looking for a supplier form, payment details, quote, or want to manage confirmation, they can do so within the supplier portal.
Many companies are often reluctant to digitize their operations for fear of complex systems or expensive training costs; however, there are now systems available offering user-friendly platforms, which will require minimal training for both internal team and the suppliers. A company therefore won’t have to worry about any additional training costs for internal and external users.
With the world moving towards powerful technologies to improve their company operations, it is essential to embrace the digital age with both arms, and an SAP supplier portal can help you to do just that. So, if you are looking for an easy-to-use, organized mode of communication between your business and a supplier, the unique platform is certainly worth a consideration.