Managing an organization is a challenging task when you have to deal with a large number of vendors/suppliers. Vetting, onboarding, and handling vendors is a cumbersome process that requires immense paperwork. Vendor Management Software makes vendor onboarding easier with better visibility of the vendor’s history, experience, and credentials. It helps you to keep track of your vendors and suppliers. It offers insights into the performance of your business, along with the ability to manage relationships with vendors effectively. By employing a vendor management system, your organization can make informed decisions regarding processing vendor invoices, payroll procedures for vendors, terminating relationships with vendors who aren't meeting expectations; and more. This software allows you to maintain control over your vendors/supplies and ensures that all the necessary paperwork is in order before any supplies come into your business. It helps company management by making it possible for staff to manage multiple vendors in one place, offering easy cross-sublet sales and account reconciliations, among other features.