Vendor Onboarding
Efficiently onboard vendors with customizable workflows, reducing AP workload and enhancing compliance.
How Stampli supports Vendor Onboarding
Stampli’s vendor onboarding solution offers fully customizable forms and workflows, efficiently and accurately capturing all necessary vendor information. Our dual-method document collection and seamless onboarding integration with ongoing vendor engagement and invoice processing eliminate data inconsistencies, reduce manual entry errors, and minimize compliance risks.
Empowering AP teams with role-based management, comprehensive audit trails, and seamless ERP integration, Stampli provides full control and transparency throughout the vendor lifecycle. This unified approach ensures faster setup, smoother operations, and real-time visibility, resulting in an enhanced experience for both AP teams and vendors from day one.
The problems that AP teams face
Stampli’s approach
Our solution empowers AP teams with unparalleled visibility and control throughout the entire vendor lifecycle, a stark contrast to traditional siloed processes. By consolidating these critical functions, Stampli streamlines operations and creates a synergy that enhances compliance and reduces errors.
This holistic vendor management ecosystem accelerates the transition from onboarding to active vendor status. It fosters stronger vendor relationships by providing a seamless, transparent experience from initial setup through every subsequent interaction.
Key features
Features marked with asterisk are only available with Stampli’s Advanced Vendor Management.
*Customizable onboarding forms
Create unlimited onboarding forms with a drag-and-drop editor tailored to different vendor types and specific requirements.
*Support for standard and custom fields
Incorporate both standard ERP and custom fields into your onboarding forms for comprehensive data collection.
*Vendor workflow experience
Guide vendors through a systematic onboarding process with step-by-step workflows.
*Real-time onboarding progress visibility
Monitor onboarding progress in real-time, allowing both Vendor Managers and vendors to track the current stage of the process.
*Dual-method document collection
Streamline document gathering by uploading files directly or requesting vendors to upload necessary documents themselves.
Secure sensitive information handling
Collect and store sensitive information securely, with masking after approval by the Vendor Manager.
ERP integration
Automatically import existing vendor information from your ERP system, ensuring data consistency across platforms.
Role-based vendor management
Assign designated vendor managers to oversee the onboarding process and maintain control over vendor relationships.
Comprehensive audit trail
Maintain a complete digital trail of all communications and file uploads, including user details and timestamps.
Approval process for updates
Ensure controlled and transparent changes with an approval process for all vendor-submitted updates.
Integrated vendor messaging
Communicate directly with vendors during the onboarding process through the vendor portal, ensuring clear and efficient communication.
FAQ
How does Stampli's vendor onboarding solution reduce AP workload?
Stampli automates and streamlines the onboarding process with customizable forms, workflows, and dual-method document collection. This automation significantly reduces manual data entry and processing time for AP teams.
Can Stampli help minimize compliance risks during vendor onboarding?
Yes, Stampli enhances compliance through structured data collection, secure handling of sensitive information, comprehensive audit trails, and an approval process for all updates. These features ensure accurate and compliant vendor information management.
How does Stampli improve vendor satisfaction during the onboarding process?
Stampli offers a user-friendly interface with step-by-step workflows, real-time progress tracking, and integrated messaging. This streamlined experience makes onboarding easier and more transparent for vendors, increasing satisfaction.
Can I customize the onboarding process for different types of vendors?
Absolutely. Stampli allows you to create unlimited, customizable onboarding forms tailored to different vendor types, ensuring you capture all necessary information for each vendor category.
How does Stampli ensure data consistency between vendor onboarding and invoice processing?
Stampli uniquely integrates vendor onboarding, management, and invoice processing within a single platform. This unified approach eliminates data inconsistencies and ensures smooth transitions from onboarding to ongoing vendor engagement.
Can I integrate Stampli's vendor onboarding with my existing ERP system?
Yes, Stampli seamlessly integrates with your ERP system. It automatically imports existing vendor information from your ERP and ensures data consistency across platforms, reducing duplicate data entry and potential errors.
Learn More about Vendor Onboarding
Learn more about the power of Stampli.
Meet with an AP Expert today.