Vendor Management System
Vendor Management System is well known as Exceptional Management which helps in managing impaired portfolio (where the clients have taken 100% loss provision in due course of 7 months as applicable by central bank instructions). This is very close to all financial institutions as this contributes in reducing NCL (net credit losses) which involves daily communication on vendor's requirement.
PayMEE Vendor Management System
Some of the main solutions that Vendor Management System provides
01. Data Sharing
Sharing the monthly data through software access to vendor (without email transfer/SFTP).
02. Daily Payments
Sharing daily payments through software access to vendors.
03. Artificial Intelligence Interactions
Interaction with vendors on updating the promises v/s payment received.
04. Automated Settlement Letter
Applying unique reference number post relevant approval settlement proposal detail dialogue.
Sharing settlement letter with customer through back end without human intervention.
06. Invoice Finalization
Helps vendor's invoice finalization.
07. Dashboard to display readable graphs
Maintain various reports graphically on vendor performance.
08. Historical data
Maintains a historical record of the amount collected Vs settlement , query raised.
Do You Need Our Innovative Solutions ?
PayMEE experts team is available 24x7 to help grow your business faster