DrGrep Supplier Information Management
DrGrep helps you gather the supplier information and certifications your business needs with self-service that actually works. Free up Accounts Payable and Vendor Management resources while reducing your costs to collect and maintain supplier information. With right-time participation, suppliers provide their information via the easy-to-use DrGrep Open Business Network (also available on mobile) — at the same time they are receiving POs, submitting invoices, and reviewing payment information. You reduce disruptions in your supply chain while effortlessly staying on top of the data you need for policy and regulatory compliance.
Everyone benefits with supplier information management that’s embedded in the transactional system, rather than sitting in a silo. Supplier self-service improves accuracy and efficiency. AP gets the information it needs without fighting for it, and supplier relationships improve since transactions are hassle-free.
Some of the immediate benefits you get from DrGrep open business network are the followings:
ENCOURAGE SUPPLIERS TO SUBMIT INFORMATION
Invite suppliers to provide their data with email campaigns. The Open Business Network makes this as easy as responding to an email.
STOP CHASING SUPPLIERS FOR INFORMATION
Put an end to the phone calls and emails for missing information. Use follow-ups that automatically warn or block invoice submission pending remittance information updates.
IMPROVE RELATIONSHIPS WITH SUPPLIERS
Ease the data supply burden. Centralize information requests and stop sending suppliers multiple and misdirected inquiries. Avoid disruptions, escalations, and late fees.
AUTOMATICALLY CHECK FOR DUPLICATES
Reduce the time you spend looking for duplicate suppliers. DrGrep automatically checks for possible supplier duplications in real time–showing you exact and fuzzy matches to save you time and help keep your supplier master clean.
GAIN FULL VISIBILITY INTO THE SUPPLIER RELATIONSHIP
See supplier information, POs, invoice data — everything you need to know — all in one place.
CAPTURE GREAT DISCOUNT ON ALL INVOICES
Suppliers with DrGrep network get to give great discount in returns of an early payment. It’s a win-win for both you and your suppliers as well. You invest cash on suppliers by paying them early hence earning better APR%, and suppliers get their money early without going to Banks and Factoring house for a loan of higher % value.
