BETs Vendor Management System : Collaborate effectively with vendors

Revolutionize your supplier relationships with BETs Vendor Management System – effortless onboarding, seamless performance tracking, and flawless compliance. Elevate your procurement game with unmatched efficiency

Vendor Management System
The Smart Way Forward

Simplify Vendor Relations with BETs VMS

Vendor Management System

BETs Vendor Management System offers a comprehensive suite of features designed to streamline and enhance vendor interactions.   

Simplifies and automates key processes like RFQ management, purchase orders, and payment tracking, leading to more efficient and organized vendor interactions.

Provides real-time insights into vendor performance, order statuses, and payment conditions, enabling better decision-making and proactive management.

Ensures accurate record-keeping, updates KYC details, and manages contracts and quality control, reducing risks and ensuring adherence to regulatory requirements.

Smart Sourcing, Efficient Partnerships

Maximize Potential with BETs Key Features

Vendor Management System

Individual Vendor Login

each supplier has secure, personalized access to their own account. This feature allows vendors to manage their profiles, track orders.

Vendor Management System

View Payment Status

Vendors can easily check the status of their payments through the system. This feature offers transparency and helps track outstanding invoices and completed transactions efficiently

Vendor Management System

Update KYC of Vendor

Vendors can update their Know Your Customer (KYC) details directly in the system. This feature ensures that vendor records remain current and compliant with regulatory requirements.

Vendor Management System

View POs received

Vendors can view all purchase orders (POs) received from the company in one place. This feature provides clear visibility into orders, streamlining order management and ensuring timely fulfillment

Vendor Management System

Vendor Catalog Upload Facility

This allows suppliers to easily upload and update their product catalogs directly into the system. This feature streamlines product management, ensuring real-time access to the latest offerings and pricing 

Vendor Management System

View Company RFQ & Track

Vendors can easily view company RFQs and monitor their live status in real time. This feature provides transparency and helps vendors stay updated on bidding opportunities and progress.

POS

Facility to update rates against RFQ

Vendors can conveniently update their rates directly against RFQs through the system. This feature simplifies the bidding process, ensuring quick and accurate responses to procurement requests

HRMS - Employee Information

Vendor Performance Matrix

This provides a comprehensive assessment of vendor performance across various metrics. This feature helps evaluate and track vendor reliability, quality, and efficiency.

Your Command Center

Centralize Admin Functions with BETs VMS

Vendor Management System
RFQ comparative analysis
Rate contract with Vendor
PO Status Tracking Dashboard
Vehicle Entry and Invoice booking
QC process
Vendor performance management system
Payment Management
Document Management System
BETs Trust

Trusted by Leading companies

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Get in touch with us today to see how BETs Software can empower your business.

BETs Suite Statistics

Insights In Digits

Franchisee Management
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ERP Daily Operating Users
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Distribution System Users
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Answers for You

Frequently Asked Questions (FAQ)

A VMS can improve your procurement process by automating and streamlining tasks such as vendor onboarding, RFQ management, and purchase order tracking. It provides real-time insights into vendor performance and order statuses, enhances compliance through efficient record-keeping, and ensures smoother communication and faster decision-making.

Look for features such as secure individual logins, catalog upload capabilities, RFQ and PO management, payment tracking, performance metrics, KYC compliance, and integration with existing systems. Advanced tools for comparative analysis, rate contracts, and document management are also beneficial.

The VMS handles vendor onboarding by automating the registration process and collecting necessary documentation. For KYC compliance, it provides tools to update and verify vendor information, ensuring that all regulatory requirements are met.

The data stored within a VMS is secured through encryption, access controls, and regular security audits to protect against unauthorized access and ensure data integrity.

Individual vendor logins provide secure, personalized access for each vendor, allowing them to manage their own information, track orders, and view performance metrics, while ensuring data privacy and reducing administrative overhead.

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