What is vendor onboarding software?
Vendor onboarding software, also called supplier onboarding software, brings a new supplier from first request to approved, active vendor. It collects company information through a supplier portal, verifies documents and third-party data, runs approvals, and keeps vendor records current. Aavenir Onboardingflow adds AI document verification and connects activated vendors to sourcing, contracts, obligations and invoices.
What makes Onboardingflow different from an ERP vendor master?
An ERP vendor master stores supplier records. Onboardingflow manages how suppliers get there: self-registration in a portal, workflows by vendor type, product and geography, AI document verification and third-party screening. Vendor data then syncs with your ERP.
How does AI verify supplier documents?
Onboardingflow uses AI to verify the insurance documents, policy documents and security certificates suppliers submit, and to screen for compliance gaps. Gaps in supplier documentation are flagged for review before the vendor is approved.
What third-party checks does Onboardingflow run?
It integrates with data providers such as Dun & Bradstreet, Equifax and LexisNexis to verify supplier identity, financial health, banking information, sanctions exposure, ESG credentials and other risk indicators, subject to provider data availability. It also connects to third-party risk management systems through prebuilt connectors.
Can onboarding differ by vendor type, product or country?
Yes. Onboarding workflows can be configured by vendor type, by the products a vendor supplies and by geography, so each supplier gets the information requests, checks and approvals that apply to it.
How do suppliers submit their information?
Suppliers self-register and submit company information and documents through a secure, self-service supplier portal. The same portal is used later for RFPs, purchase orders, invoices, obligations and SLAs.
How do you keep vendor information up to date?
Onboardingflow keeps vendor information in a central repository, runs periodic reviews, alerts the team before documents expire, and sends update requests to suppliers automatically, for one vendor or many at once.
Can Onboardingflow onboard many suppliers at once?
Yes. Bulk onboarding brings many vendors on at the same time, and bulk update requests refresh information across many suppliers without manual follow-up.
Does Onboardingflow handle vendor offboarding?
Yes. Onboardingflow includes vendor offboarding management alongside onboarding and ongoing vendor information reviews.