The best vendors in all the right places
When it comes to a tangled vendor base, your vendors can become the weakest link. We ensure that every contract is expertly managed, and each vendor is held accountable for performance. Versatex offers a fully integrated solution, including:
Versatex ensures your vendor base is a perfect fit with your organization’s goals, maximizing ROI while simultaneously delivering best value, highest quality, and stable compliance
Versatex provides complete transparency into each step of the procurement to payment (P2P) system by standardizing your spend analytics, inventory control, and documentation. This allows you to work through an aggregator in real time across all your locations (versus having to manage hundreds or even thousands of vendors).
Versatex helps you identify and source diverse vendors for even your most specialized categories. Our Spend Diversification delivers the convenience of managing the complexities that often arise from working with smaller vendors – so you can focus on more strategic spend.
Versatex optimizes and develops vendors so that they can efficiently meet your needs. We drive sustainability in vendor performance, ensuring that your targeted goals are consistently met or exceeded.
Versatex streamlines and automates the management of required approvals to ensure all payments are accurate and verified, reducing overpayment and audit risk. By providing complete transparency into each step from procurement to payment, we ensure that all payments are supported with the necessary documentation while keeping your vendors paid on-time.