Building relationships is arguably the most important aspect of doing business for any organization. Ineffectively managing relationships with external vendors can have a dramatic negative impact on customer experience, resulting in delayed service delivery, canceled projects, or flawed products.

However, attempting to juggle multiple vendor relationships can be quite difficult without the right tools. RFPs, purchase orders, invoices, quotes, and communications can be overwhelming —which is where a vendor collaboration platform can help.

With the OnActuate Vendor Collaboration solution, organizations can increase outreach to vendors through a modern portal to centrally manage the bidding process. This portal enables a transparent bidding process with minimal manual intervention and prompt availability of bid results on the due date.