Introducing Vendor and Supplier Management — v1.0.38

Version 1.0.38 adds a dedicated Vendor and Supplier Management module to the platform. This release closes the loop between procurement, finance, and operations by bringing vendor lifecycle management into the same unified system used for HR and financial workflows.

What's Included

Vendor Onboarding

Structured onboarding workflows guide new vendors through the information and documentation required before they are activated in the system. This reduces manual back-and-forth and ensures every vendor meets your organisation's baseline requirements before work begins.

Contract Negotiations

Contract drafts, revisions, and stakeholder approvals are now managed within the platform as part of the vendor record. This keeps contract history and vendor context in one place and reduces reliance on external tools or email threads.

Performance Tracking

Once a vendor is active, configurable performance metrics and evaluation cycles allow teams to track delivery quality, responsiveness, and compliance over time. Performance data is stored against the vendor record for reference during renewals or renegotiations.

Vendor Risk Assessment

Each vendor can be assessed and scored across financial, operational, and compliance risk dimensions. Risk scores inform procurement decisions and can be used to prioritise due diligence or flag vendors for review.

Payment Automation

Payment scheduling and execution can be automated based on contract terms and configured approval rules. This reduces manual payment processing overhead and helps ensure vendors are paid on time and in line with agreed terms.

Supplier Diversity Reporting

Built-in reporting surfaces supplier diversity data to support ESG commitments, regulatory compliance requirements, and internal diversity and inclusion goals. Reports can be generated on demand from the vendor management section.

Getting Started

The Vendor and Supplier Management module is available to all tenants from v1.0.38 onward. Navigate to Procurement → Vendors in the platform to access vendor onboarding, contract management, and reporting tools.

Payment automation rules are configured under Settings → Payment Rules and require appropriate finance admin permissions to modify.