Fact or Fiction: You can manage all your supplier information, transactions, and risk in one place!
Five or six years ago this would have been fiction hands down, and for many companies now, it might as well be. Using multiple disconnected systems, or manual methods, to manage suppliers and all their information, including invoices, purchase orders, and supply chain risk has been the norm. Doing things this way created a bevy of challenges and limitations—information silos, exposure to risk and overall lack of visibility into supplier relationships.
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