Sachin Sharma explains how a vendor portal cuts AP team onboarding work by 80-90%. Vendors self-register, submit W-9 forms, and check payment status without manual data entry from your team.
One of the main issue with any implementation of purchase order software is you need to onboard your vendors, you need to make sure you have the right email address, you have the W9 forms and so on. An easy way to solve for this is implement what's called a vendor portal which enable vendor self service so vendors can go in register for themselves or they can update that existing information, they can check for the payment status of the invoices and so on and that reduce at least 80 to 90% of the work that the AP team has to do regarding supplier onboarding right.
