Why You Need The Supplier Funded Registration Portal
Time is a precious commodity in your workplace. Rather than spending countless hours and dollars on managing your suppliers, let the Supplier Funded Registration Portal do the work for you. With this tool, you can manage current vendors, connect with new suppliers, and facilitate registration payments — all in one user-friendly location.
Using supplier payments to fund a supplier diversity program is nothing new, but ConnXus offers the first opportunity to collect payments through your registration portal. This unique type of registration portal allows you to set your own fee amounts and choose whether you want to charge every supplier or only a specific subset. Your suppliers can also submit their fees using either ACH payments or credit cards, offering a payment flexibility that will attract more vendors.
Additionally, with the Supplier Funded Registration portal, ConnXus maintains and collects payments on your behalf. Instead of spending precious time and money collecting these payments yourself or through a third-party vendor, you can fund your program without demands on your time or energy. This registration portal allows you to cover the full or partial cost of your program through supplier payments and without additional input from you or your company.
When you are able to fund your supplier diversity program, registration portal, and vendor management system, your company can become more attractive to large buying organizations. These businesses, especially those facing increasing supplier diversity budget cuts, are looking for lucrative buy-in prospects. With a fully or partially self-sustaining program, you have a better chance of attracting corporate-level executives for potential buy-ins.
Whether your company has a limited budget or a need for increased revenue streams, ConnXus’ Supplier Funded Registration Portal offers additional funding, as well as improved vendor management.