Prior to supply, your company uses SupplierXchange to identify relevant and compliant suppliers, request a competitive quote, negotiate and authorise the supply. During the supply, your company can view the progress of delivery and manage variations.

On completion of the supply, an invoice is received and a full picture of the transaction's cost, quality and timeliness can be viewed and reported by your company.

Engaging Suppliers

SupplierXchange communicates with a database of suppliers that have been pre-populated according to a set of individual business rules. For example, suppliers may need to be local, qualified and insured. Invitations to supply are sent out electronically, and your business can choose how many businesses you would like to bid.

Additionally, you can share your suppliers with others and get ready access to a pool of alternate qualified, insured and available suppliers.

Managing the Supply

SupplierXchange has solved the complex communication problems in any procurement process by providing each party a platform to communicate with each other.

The SupplierXchange interface enables real time collaboration where your company, your customers and your suppliers can work together on common goals by sharing knowledge, learning and building consensus.

Updates to supply delivery or cost variations are automated, and relevant information can be shared one-to-one, one-to-many or many-to-many according to the need and the business rules.

Imagine a world where the middle man doesn't need to update all the stakeholders - instead, SupplierXchange provides one common platform for hosting discussions and sharing information, so all relevant parties to a transaction have real time access to one version of the truth.

Paying Suppliers

By using the SupplierXchange application, your business authorises supply based on a specific quote.

When the time comes to pay the supplier, the automated payment solution integrates with your existing financial processes to generate payment instructions based only on the original quote - ensuring that the cost of supply is exactly what your business budgeted for.

Evaluating the Success of Supply

On completion of the supply, a full picture of the transaction's cost, quality and timeliness can be viewed and reported on.

Customers can provide electronic feedback on their satisfaction levels, and you can use this information in many ways - to identify preferred suppliers, to limit exposure to poor suppliers, and more.