Raindrop Supplier Management Module

Raindrop provides insights into how your suppliers are performing, as well as the industries they reside in. From onboarding to continuous improvement, Raindrop makes it easy to understand the financial and contractual, performance status of your suppliers and extract the most value from each relationship.

Raindrop is specifically designed to provide 360 degree supplier insights & transparency. Instantly answer critical questions like 'Who is buying, and from which suppliers?', 'How much are we spending?', and 'When does their contract expire?'. With Raindrop, let's redefine the way we interact with our suppliers. Define the action plans, assign the stakeholders, and measure results for every supplier engagement. Raindrop enables the procurement team to create and manage a comprehensive supplier relationship management plan from planning through operation while reducing your supplier management cost by up to 45%.'

Raindrop Supplier Management Value Proposition

Stop Spend Leakage

An up-to-data database of all your suppliers with respect to the spend, commodities, contracts in place, next events etc. provides a complete picture of supplier performance, risks, areas needing improvement etc. All this ties to one key goal: to stop spend leakage.

Transparency

Empowerment and collaboration are the keys to successful supplier relations. Raindrop’s supplier portal provides a timely and transparent flow of information between you and your suppliers.

Supplier Self Service

You need accurate and up-to-date supplier information, and your suppliers need updates on their purchase orders, invoices and payments. Empower your suppliers with self-service access and reduce the burden on you and your teams

Risk Management

Raindrop provides 360 degree views on your suppliers and provides insights into compliance requirements. With Raindrop, stay on top of your supplier’s compliance and create a streamlined governance process to identify and mitigate any risks.

Collaboration

Interact and communicate with suppliers easily and efficiently. Whether you need to send a sourcing request to your suppliers for a new opportunity or need supplier documents, Raindrop’s supplier collaboration features facilitate effective communication, all in one centralized place.

Raindrop Supplier Network

If you are considering a new purchase and have not yet identified suppliers, save time by leveraging Raindrop’s network of top-quality companies with pre-negotiated discounts for popularly purchased goods and services.

Raindrop Supplier Management Key Features

Raindrop’s Supplier Management manages everything: suppliers contact data, certifications, notes, custom questionnaires, KPIs and risk scorecards. Questionnaires can be linked with sourcing events to save your and your suppliers’ time, maintain up-to-date records and avoid duplication of work.