HOW FINANCE BENEFITS FROM ONLINE VENDOR MANAGEMENT Presented by HOW FINANCE BENEFITS FROM ONLINE VENDOR MANAGEMENT Purchasing is just one function of many that Finance has to manage. It may not be your highest priority, but purchasing is one of the easiest areas to help your entire organization be more efficient. In particular, if you’re still using paper, spreadsheets or even your accounting system to manage vendors and bids, implementing an online vendor management system will save hard and soft costs immediately while reducing risk for your organization. DON’T GUNK UP YOUR ACCOUNTING SYSTEM Manage vendors differently than just bidders, which you may never work with One RFP may have dozens of bidders but only one winning vendor. Thus, using your acc

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