Financial Analyst

Vendor onboarding Software

What is vendor onboarding software?

The vendor onboarding process is represented by the steps taken by an organization to collect information necessary to approve a company as a supplier and enable your organization to conduct business, purchase goods or services, and make payments to that company. One of the most important aspects of this process includes making sure that prospective suppliers comply with laws, regulations, and standards required by your organization. Supplier onboarding is essential before any other steps towards strengthening vendor management can take place. When we talk about vendor onboarding,

COMPANY

DPG Finance Group  was set up in 2010, with one real business goal – to help businesses strive globally

 

INDUSTRY

Financial Institutions

LOCATION

Germany, Luxembourg

 

SIZE

500

Want to find more on how Prokuria can help with faster and optimal supplier selection

Main results

54% increased efficiency in sourcing suppliers through Dutch Auctions, RFQs and RFIs

Significant increased internal collaboration and alignment with stakeholders from other departments

78% improved contract compliance, across top 100 suppliers used regionally

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Ron Maier

Head of Procurement 

“In today’s business landscape, we can no longer afford to not take advantage of what technology has to offer.”

Together with Prokuria, DPG Finance Group aimed at streamlining and centralizing its processes, increasing their agility, and better interacting with their third-party suppliers. We we looking to achieve significant business process efficiency, increase our visibility into spend data and the sourcing component of the procure-to-pay process.  

Alongside Prokuria, we were able to:

  • Complete supplier and contract visibility across the entire organization

  • Proven data management techniques and standardization

  • Innovative, best-in-class software and services to keep up with new trends and boost operational efficiencies

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See how we can help your business

We've got you covered!

We know each company is different. That's why in Prokuria you can set up your sourcing and supplier management process exactly the way you need it. No code, no IT consultants, no tech skills required! You will be up and running in no time, and at a fraction of cost vs. other solutions.

Example of RFQ for gluten & lactose products, best practice for Retail Chains industry