Supplier vetting - collecting basic but structured info on suppliers to create a pipeline of qualified suppliers
The Challenge
Supplier vetting documents often come as unstructured forms and attachments. Extracting key data like certifications, experience, and financials helps build a structured supplier database and accelerates vendor qualification.
How Augmend Helps
Augmend's AI-powered extraction technology can automatically process supplier vetting - collecting basic but structured info on suppliers to create a pipeline of qualified suppliers 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 - collecting basic but structured info on suppliers to create a pipeline of qualified suppliers. The system can be integrated with your existing SAP Supplier Lifecycle Management platform for seamless data flow.
Ready to get started?
Book a demo to see how Augmend can help with your specific use case.