How to streamline supplier vetting and qualified lists?
Vetting new suppliers involves processing immense volumes of audit reports, certifications, and financial documents. Augmend accelerates the qualification process by automatically extracting key risk indicators and performance metrics, ensuring your qualified suppliers list is always up-to-date and compliant.
The Challenge
Supplier vetting involves processing immense volumes of audit reports, certifications, and financial documents to maintain a qualified suppliers list.
How Augmend Helps
Augmend's AI-powered extraction technology can automatically process supplier vetting and qualified suppliers list documents, extracting structured data with high accuracy and consistency.
Key Benefits
- Reduce manual data entry by up to 90%
- Improve data accuracy and consistency
- Accelerate processing time significantly
- Enable better data analytics and reporting
Implementation
Implementation typically involves configuring Augmend to recognize the specific document formats and data fields relevant to supplier vetting and qualified suppliers list. The system can be integrated with your existing SAP Ariba platform for seamless data flow.
Ready to get started?
Book a demo to see how Augmend can help with your specific use case.