IQX Business Solutions, a leading provider of CapEx Management solutions for SAP, is proud to announce the launch of its latest software-as-a-service (SaaS) solution, Supplier Online. Two of the most important decisions an organization makes are what to invest in and whom to invest with. A great capital investment is only as strong as the supplier delivering it—choosing the right partner ensures value, reliability, and long-term success.

Supplier Online is designed to address the challenges faced by procurement teams to onboarding critical suppliers efficiently with due diligence without duplicating data and retaining SAP as the central source of truth for supplier data.

“Business teams struggle with inefficiencies and speed of the vendor onboarding process. Very often we still get documents via email to complete” – Richard Frykberg, CEO of IQX Business Solutions.

A survey of IQX’s clients revealed that while SAP provides a strong foundation for vendor management, its standard onboarding functionality falls short of modern procurement demands. This forces teams to rely on manual processes that lead to errors, bottlenecks, and increased compliance risk.

Supplier Online solves this by streamlining the onboarding process to include supplier self-entry of data, risk assessments and mandated certificates. Evaluation and verification are executed within the buyers branded online portal while Vendor Master Data creation and change are elegantly handled within SAP by the IQX Fiori Integration Suite providing a true end to end ready to run solution.

Whether used as a stand-alone solution or integrated with SAP, Supplier Online provides organizations with a powerful, simple to use supplier management solution that transforms supplier onboarding and ongoing management, reducing risk and workload.

Key Features of Supplier Online

• Automated Onboarding Workflows: Supplier Online automates every step of the supplier onboarding process, from risk assessments to compliance checks, reducing manual effort and minimizing human error.
• Self-Service Capabilities for Suppliers: Suppliers can submit, update, and track their own data through an intuitive interface, streamlining communication and reducing administrative burden on Accounts Payable and Procurement teams.
• Automated Compliance Management: Supplier Online automates the process of tracking and managing compliance documents, ensuring procurement teams stay on top of expiring documents, certifications and aged assessments.
• Seamless Integration with SAP: The SAP Fiori Integration service pack provide out of the box integration to create and change all aspects of Vendor Master Data. Custom fields and rules are easily catered for including additional verification approval steps.

Transforming Procurement Operations for CapEx Management

With Supplier Online, procurement teams managing complex CapEx projects can achieve:

• Increased Efficiency: Streamlined onboarding workflows reduce processing times, enabling procurement teams to move faster and stay on track with project deadlines.
• Error Reduction: Centralized data and automated workflows reduce the risk of human errors in supplier management, ensuring more accurate and reliable data.
• Enhanced Compliance: Real-time compliance tracking and automated alerts ensure procurement teams stay ahead of changing regulations, reducing the risk of non-compliance.
• Improved Supplier Relationships: The self-service platform empowers suppliers, improving communication, collaboration, and overall satisfaction.

“We’re excited to offer Supplier Online as a solution to the common challenges faced by Procurement, Finance and Accounts Payable teams,” said Richard. “By leveraging the power of automation and collaboration, we’re helping organizations transform their supplier management processes, improve efficiency, and mitigate compliance risks —all while seamlessly integrating with SAP.”

Supplier Online is now available for organizations globally, empowering procurement teams to take control of their vendor onboarding processes and further streamlining the CapEx process.

For more information about Supplier Online, visit our solution page Supplier Management for SAP. If you would like to explore how Supplier Online can benefit your organization, contact us today.