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Vendor Portal Solution - TFO |
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TradeFlow OptimizationSM - Strategic Vendor Portal Solution
Tradeflow OptimizationSM (TFO) is a strategic vendor portal solution that enables trading partners to collaboratively participate in multiple workflows through a web portal. By automating existing manual processes (i.e processes done through email, phone, fax and even snail mail), TFO introduces a new level of visibility and accountability.
Clients realize a high ROI within a few months of using TFO as a result of:
- Significant reduction in costs due to the elimination of manual tasks and associated errors
- Immediate increase in revenues with the new, highly streamlined workflow
- Enhanced collaboration between client and vendors/suppliers
Industry Pain Points:
Most trading partner relationships experience one or more of the following pain points:
- Ad-hoc and expensive modes of communication – Email, Paper & Telephone calls
- Countless hours responding to queries by vendor/supplier facing departments
- People-dependent trading lifecycles and processes
- Critical inconsistencies in master data as a result of manual exchanges
- Zero or Limited visibility into the trading lifecycle for downstream partners
- Challenges in keeping all stakeholders informed on policies, specifications, laws, regulations, etc governing the trading relationship
The Solution: Tradeflow OptimizationSM
SPI's "Tradeflow OptimizationSM" platform serves as a base on top of which client specific features are configured and deployed.
Key Benefits:
Implementing Efficient Processes
One of the core pain points that TFO addresses is the automation of manual tasks and processes. Features like controlled access, change tracking, historical reporting and executive dashboards create an auditable trail that results in more efficient workflows and high level of user accountability.
Flexibility
SPI's TFO architecture is designed to serve as a platform which can be configured to the specific needs of a client. The workflow engine is built to accommodate client specific process or methodology with the associated user notifications, change tracking and reporting.
Rapid Time to Market
By leveraging a base architecture, which has a good number of common trading portal functionalities, SPI is in a position to shorten the development lifecycle significantly. The base platform has been thoroughly tested and in production at multiple clients.
Cost Effectiveness
SPI offers a major cost advantage as the incremental cost of developing the basic portal functionality is minimal. Majority of the work involved with new portals is around the configuration and this offers an excellent value proposition to new clients.
Summary of SPI TFO Features:
- Tracking of all changes by user, event, date, workflow, etc
- Event triggered notifications to specified users via email, portal alerts
- Built in checks and balances to prevent deviation from a defined workflow
- Secure connectivity to facilitate sensitive information exchange
- Information segregation at multiple levels to prevent accidental breach
- Upload of documents (word, excel, pdf, image, etc)
- Mass communication through user defined groups
- Export portal data to excel, pdf
- Print different kinds of information in the portal
- Privilege setting for users
- Dashboard with specified KPI's
- Display images within the portal
- Search capabilities at module and application level
- Data retention and retrieval as per user preference
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