A supplier relationship management app for superior supplier management, sourcing, risk, & performance
Founder, Director of Avaali Solutions Srividya Kannan speaks to thetechpanda and shares some valuable learnings as a successful business woman.
On the occasion of completing the milestone of 10 years in the industry, Avaali, a company that provides automation solutions for digital business operations, announced a new release of its flagship product, the Velocious Supplier Relationship Management (SRM) application.
Velocious SRM is a full-featured, scalable solution to automate the lifecycle of supplier processes including sourcing, reverse auctions and procure to pay. With this solution, enterprises are streamlining information about their suppliers by capturing detailed supplier profiles while automatically validating the same for correctness and accuracy. Therefore, businesses can benefit by having accurate and up-to-date supplier information in the system, avoiding duplicate vendor code creation and streamlining the supplier onboarding approval mechanism.
Srividya Kannan, Founder Director, Avaali Solutions, said, “With this new version, Avaali looks forward to assisting customers in maintaining the accuracy and consistency of their supplier information. This updated version complements our full-featured Velocious SRM solution in order to be more relevant for large enterprise requirements to manage their suppliers effectively, gain supplier visibility as well as reduce costs.”
The Why
Over the past couple of years, enterprises have witnessed significant disruptive events. Supply shifts have been cited as the top three disruptions resulting from these events. Availability and visibility to supplier information, collaboratively engaging with them, and ensuring good governance while reducing costs have been top of mind for large enterprises. Velocious SRM enables superior supplier management, sourcing, risk, and performance via its full-featured solution. The solution allows for automation of the procurement process’ complete lifecycle, including sourcing, procurement, and supplier management.
Features
- Enables a full-featured supplier information management wherein suppliers can submit their onboarding data via web-based forms and take advantage of fully automated checks and validation to ensure accuracy.
- Suppliers can use the workflow engine’s configurable features to set up a multi-level review and approval process and an intern-built mechanism for query resolution
- Suppliers can submit their onboarding details via web-based forms, leverage the fully automated checks and validation to ensure correctness, and use the configurable workflow engine for multi-level review and approval process and an in-built query resolution mechanism.
To learn more about the article, please visit thetechpanda