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What is Vendor Management System?

The acquisition of contracts that hinge on milestones, deliverables, and hourly rates involves specific requirements that can vary based on geographical locations, operational industries, business units, or legal and regulatory standards, thus complicating supplier engagement and oversight. To tackle these complexities, Covendis has developed a Vendor Management Solution (VMS), which is an intuitive and flexible web-based platform aimed at streamlining the engagement and management of Statement of Work (SOW) suppliers for various companies and organizations. By improving, standardizing, and automating the entire source-to-pay workflow, businesses can enhance their visibility and control while realizing substantial cost savings. The Covendis platform allows organizations to effortlessly upload milestones and deliverables from traditional project management tools, such as Microsoft Project, or to take advantage of our customizable templates. Once the upload is complete, the system adeptly oversees the entire requisition process all the way to payment within a closed-loop system. Additionally, if modifications are needed, clients can easily revise their project plans by re-uploading them into the system, which not only streamlines the management process but also cultivates enhanced collaboration among all stakeholders involved. Ultimately, this innovative approach empowers organizations to navigate the intricacies of supplier management with greater efficiency and effectiveness.

What is Sourcing Force?

Optimize your procurement processes and manage them with ease through a unified platform. Create a customized solution that is both adaptable and specific to your procurement needs. With just one click, supplier details can be uploaded, allowing you to take full advantage of our sophisticated eProcurement tools. Our analytics-driven services enable continuous monitoring of business expenses, ensuring immediate boosts in efficiency while adhering to regulatory requirements and improving compliance. Furthermore, streamline and automate your risk management strategies effectively. Many top pharmaceutical companies trust Sourcing Force to accelerate their workflows and increase productivity. Our robust analytics capabilities not only empower your teams but also significantly enhance profitability. We help you focus on the essential elements that are crucial for pharmaceutical companies, allowing you to sustain high efficiency levels consistently. In a market that is constantly changing, our solutions enable you to remain agile and responsive to new challenges and opportunities.

Media

Media

Integrations Supported

Blackbaud Raiser's Edge NXT
Deltek Vision
Microsoft Dynamics 365
Millennium
Oracle Fusion Cloud ERP
QuickBooks Online
SAP ERP
Sage 50
Sage Intacct
Xero

Integrations Supported

Blackbaud Raiser's Edge NXT
Deltek Vision
Microsoft Dynamics 365
Millennium
Oracle Fusion Cloud ERP
QuickBooks Online
SAP ERP
Sage 50
Sage Intacct
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$7 per user per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Covendis Technologies

Company Website

www.covendis.com

Company Facts

Organization Name

Sourcing Force

Date Founded

2012

Company Location

Canada

Company Website

www.sourcing-force.com/en/

Categories and Features

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Categories and Features

Procure to Pay

Billing & Invoicing
Budgeting / Forecasting
Compliance Management
Contract Lifecycle Management
Financial Reporting
Integration Management
Inventory Management
Order Management
Vendor Management

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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