Trading Partner Community Management
Streamline trading partner management for accurate partner data with a supplier management solution
Overview
Many organizations handle enterprise supplier management and collection manually, slowing onboarding and new partner registration processes. In many cases, manual process can also lead to inaccuracies, duplicate entries and stale data that hamper communications and create potential regulatory risks.
Supplier Management solutions streamline trading partner management by centralizing partner information for all internal staff while giving external partners self-service access to update their profiles, reducing workloads and ensuring ongoing access to consistent, accurate partner data.
Key benefits
Use a supplier management platform to accelerate trading partner onboarding and improve data accuracy.
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Streamline supplier relationship management
Collect and maintain all supplier data within a single company-wide global partner management application.
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Reduce workload
Provide controlled access and self-service features to internal and external stakeholders to allow them to view or update information as needed.
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Increase compliance and transparency
Give key parties access to partner community management to increase performance visibility and collaboration on compliance, transparency and sustainability initiatives.
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Improve partner relationships
Leverage supplier management software to instantly communicate with the entire trading community and keep track of individual responses to strengthen relationships.
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Automate trading partner onboarding
Minimize new partner registration and onboarding time with an automated enrollment process.
Business impacts
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Trading partner data management
Organizations rely on accurate, consistent information from their trading partners. Manually managing partners requires endless phone calls and emails to keep information current. Give suppliers controlled access to maintain their own profiles.
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Partner onboarding
When supply chains are disrupted, businesses need to quickly pivot to alternative suppliers. Traditional onboarding processes are slow, reducing businesses’ agility. Automate registration and onboarding with a supplier management platform.
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Business and operational risk
Organizations must report vendor revenue to U.S. tax authorities. Inaccurate partner information complicates an already complex process, posing regulatory risk. Leverage a supplier management solution to ensure accurate partner information.
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Partner communication
Timely communication is a critical part of suppler relationship management. Mass communication often involves multiple systems and inconsistent data, wasting time and limiting effectiveness. Seamlessly communicate with the entire trading community.
Leaders trust OpenText
See how customers are succeeding with Trading Partner Community Management.
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Frequently asked questions
Explore the components of the solution
Professional Services
OpenText™ Consulting Services combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Accelerate the Information Management journeyConsulting Services
- Comprehensive Information Management services and resourcesExplore Professional Services
- Reduce time-to-value of Information Management solutionsOpenText Packaged Services
Trading Partner Community Management resources
Managed services for complex integration
Read the overviewWhat is supply chain resilience?
Read the blogLeveraging an "express lane" approach to trading partner onboarding
Read the blog
