Best Vendor Management System

A vendor management system streamlines procurement, tracks vendor performance, and enhances collaboration. Our streamlined procurement tracks vendor performance ensures compliance, and improves efficiency through automation, offering seamless integration with existing systems for optimal vendor relationship management.

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Best Procurement & Vendor Management Software in India

best vendor management software India, asia, world

What is Vendor Management Software

Have you ever tracked orders, managed several suppliers, and followed up on invoices? The digital shepherd that you need is Vendor Management Software. It's a platform that makes all of your vendor interactions more efficient.

In addition to centralising vendor data, VMS streamlines communication and automates processes like performance tracking and onboarding. Purchases may be tracked, spending trends can be examined, and chances to cut costs can be found. Additionally, vendor management software streamlines the entire procurement process and aids in maintaining regulatory compliance, giving you more time to concentrate on other important projects.

Vendor Management Features

Manage your vendors like never before! Fully automatic

Save Costs with Streamlined Vendor Management.
Create Efficient Workflows with PO Software
Enhance Vendor Compliance
Centralized Purchase Orders Management
Analyze Better with Digital Procurement
Integrated with Complaint, Inventory-Management - Goods Received Note(GRN)
RFQ & Vendor Quotation Comparisons

Features of a good Vendor Management System

We have just the Right Solution For you

We understand that manual procurement system leads to customer & vendor dissatisfaction.

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Digitise Your Vendor Management System

Facility Management Company:

Maybe you are an Facility Management Company and always look for delighting your customers and want to be a leader in facility management. Now is the time to empower your team to make better and informed decisions.

Real Estate Developer

You are having multiple Tenants / Employees and looking forward to close their services requests at the earliest Now is the time to digitize your Vendor Management System.

Corporate Office:

You are providing solutions to your customers & employees dealing with multiple suppliers. Now is the time to use Vendor Management System

RWA or Residential Society:

You are working towards a better resident experience with limited staff. With no efficient system for Procurement. You are not able to track Spends and your Supplier Performance. Now is the time to digitize your Vendor Management System.

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We have helped many clients like you to improve their Vendor Management Process.

How can we get started?

Make reliable and informed decisions based on real time analytics in 3 easy steps.

Step-1

Step-2

Configure Approval Work Flow and Inventory.

Step-3

Add your team, and Vendors. You are ready to go.

Create Efficient Workflows with PO Software

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Automated Approval Workflows for Vendor Management

Benefits of Automated Workflows

Provision for change request
Automatically forwarded based on value of PO & category
Choose approval which is best suited

Procurement & Vendor Management Approval Workflow

Delight your Customers, Vendors & Management

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What Our Customers Say

Hear from industry leaders who trust our facility management solutions

Rajesh Shetty

Managing Director- REMS, India

Colliers

“ThanQ for scaling up and delivering us the promises made! True partnership - Cheers!”

Cindy Hermsen

CEO

Global Alliance of Facility Management Innovators

“Digitalization of maintenance is taking over manual processes, in every corner of the world. Good to see this practical example!”

Sachin Sinha

Vice President

OneSIS Solutions

“Thank you for making ONESIS operation paperless & data driven. Having Factech on the team is matter of privilege for us.”

Suneet Juneja

Additional General Manager

Jaypee Group

“You and your team continue to stand head and shoulders above other software vendors that we deal with as far as quality of the product, quality of support, and knowledge of the technology, domain & solution finding is concerned.”

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Vendor Management System FAQs

A software application called a Vendor Management System (VMS) simplifies every step of the vendor management process, from finding and choosing vendors to monitoring their performance and handling contracts. Businesses save time and money because it automates workflows and centralizes all vendor data.

Factech's Vendor Management Software offers seamless integration, real-time tracking, and streamlined processes, making it an efficient choice for managing vendors, reducing risks, and enhancing overall operational efficiency in facility management.

When selecting a VMS, take your budget and unique requirements into account. Investigate several suppliers, contrast features, and examine client testimonials. Seek for a VMS that gives the functions that are most crucial to your company and connects with the systems you already have.

Businesses of all sizes can gain from a VMS, but those with complicated procurement procedures or a large number of vendors will particularly benefit. When determining whether a VMS is suited for you, take into account your budget, the number of vendors you manage, and the intricacy of your vendor relationships. Yes. Factech can be integrated with existing ERP, CRM, BMS & IoT Gateways- like SAP, Tally, Salesforce, Smart meters, Biomax, etc.

Contact Factech contact@factech.co.in. Factech specialises in rapid response and efficient resolution of facility-software related emergencies through 24*7 Support.