Procurement today is more complex than ever. Teams juggle fragmented supplier data and paper-heavy compliance processes while contracts and other vital information lie scattered across multiple systems. Without the right tools, it is nearly impossible to keep spending in check or ensure compliance with evolving regulations.
The redesigned Veriscape SRM directly addresses these challenges by unifying important information such as supplier data, budgets, contracts, and compliance into a single, intuitive platform.
The result is a solution that helps procurement leaders reduce risk, improve visibility, and unlock new opportunities for savings and efficiency.
A lack of real-time insight into spending and supplier activity can force teams to make decisions without a clear picture of the data, which is why Veriscape SRM’s new dashboard delivers a user-friendly view that highlights the most critical actions and insights.
From one central location, teams can:
This gives procurement teams immediate clarity on where money is going and how suppliers are performing, resulting in faster, accurately informed decision-making.
The redesigned Supplier Overview makes it easier for teams to access, view, edit, and maintain supplier data in one place, including company details, banking information, purchase requisitions, compliance records, and spending history.
Teams have the option to add suppliers manually, import entire lists, or export data for analysis and reporting, improving efficiency across the organization and strengthening supplier relationships through better visibility and communication.
Compliance and Performance Tracking Built In
Compliance gaps and missed performance issues expose organizations to significant financial and reputational risk. To address these risks, Veriscape SRM integrates compliance and performance tracking directly into supplier management.
Teams can monitor certifications, delivery metrics, audit scores, and compliance KPIs, with crucial documents stored in a central repository for seamless checks and audits.
Comprehensive Budget Control with Real-Time Alerts
Overspending often happens silently until it is too late, leading to budget overruns and missed opportunities for cost savings.
The redesigned Veriscape SRM introduces a completely reimagined approach to budget management. Allocated budgets are clearly visible, showing how much has been assigned, spent, and remains available.
Automated alerts notify stakeholders before spending thresholds are breached, giving teams the chance to act proactively.
This visibility ensures procurement leaders stay in control of every budget and can make better financial decisions without surprises. Built-in alerts, contract repositories, and collaboration tools ensure that no renewal, KPI breach, or compliance issue slips through the cracks.
More Than an Interface Update
The Veriscape SRM redesign is not just about bringing forward a modern look and feel. It is about giving procurement leaders the tools they need to work smarter, reduce risk, and deliver results that drive their organizations forward.
With Veriscape SRM, teams can expect: