Optimize Supplier Onboarding with Coupa Supplier and Risk Management
Procurement’s strategic priorities encompass many areas of focus including cost reduction, process efficiency, risk mitigation, and the development of strategic partnerships. The first critical aspect of success with supplier relationships as a strategic enabler begins with putting in place an effective supplier onboarding program, enabled by well-designed strategy, processes, and the right technology and integrations.
Managing risk performance with technology and integrations
Modern technologies embedded within Business Spend Management platforms like Coupa are critical to executing an efficient and controlled supplier onboarding process. Coupa Supplier and Risk Management is a tool to collect, approve, and monitor supplier information as the original entry point for engaging with a supplier.
When CrossCountry Consulting works with companies to help revamp their new vendor onboarding process (and implement Coupa solutions), there are a number of pitfalls and pain points we commonly observe across people, process, technology, and data.
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