Storm Proof your supplier strategy
Raindrop Supplier Management is designed for modern procurement teams. It automates onboarding, ensures compliance, and provides real-time insights into supplier performance.
KEY BENEFITS
Accelerated Onboarding
Automate supplier onboarding tasks, allowing suppliers to maintain their own profiles and submit necessary documents, significantly reducing cycle times.
Risk Mitigation
Gain a comprehensive view of your supplier base to proactively identify and mitigate risks, including certificate compliance and audit tasks.
Enhanced Collaboration
Facilitate seamless communication with suppliers through native chat features, centralizing all interactions and document exchanges.
How It Works
Supplier Marketplace
From registration to invoicing—suppliers manage everything in one simple, connected portal.
Real-Time Dashboards
Monitor supplier compliance, sustainability, and operational risks through comprehensive dashboards.
Supplier Discovery
Quickly discover qualified suppliers—trusted vendors you’ve worked with and new ones to expand your options.
Transparency and Visibility
Supplies are integral across spend management. It’s crucial to understanding sourcing activities, contracts, performance, and compliance with a transparent framework that answers:
- Who is buying and from which supplier?
- How much is being spent?
- When do contracts expire?
Resources
Spend Matters recognizes Raindrop as SolutionMap Badge Winner in Spring 2025 for Supplier Management
Digitized Supplier Management in the Spotlight
FAQ
Raindrop’s Supplier Management module provides a centralized platform to onboard, qualify, track, and collaborate with suppliers. It streamlines the entire lifecycle—from intake and onboarding to ongoing performance and risk management—helping procurement teams reduce manual tasks, improve compliance, and maintain a clean, organized supplier database.
Yes. Raindrop automates supplier onboarding through configurable workflows, forms, and automated approvals. This includes collecting required documentation, verifying compliance, and conducting risk assessments. Procurement teams can standardize the process while keeping suppliers accountable and engaged.
Raindrop enables continuous supplier monitoring through scorecards, risk indicators, and performance tracking tools. Procurement teams can set performance KPIs, collect feedback, and review supplier health in a single dashboard—helping to identify high-performing vendors and flag issues early.
Absolutely. Supplier data flows seamlessly across all of Randrop’s modules including sourcing, contracts, eprocurement, invoices and payments. For example, supplier qualification data can be used to control sourcing eligibility, while compliance flags can automatically pause contracts or purchasing activity—ensuring supplier governance is enforced across the platform.
Users can manage a wide range of supplier data including company profiles, contact info, compliance documentation (e.g., W-9s, insurance, DEI certifications), risk scores, contract history, and performance metrics. The platform also supports segmentation by region, category, or business unit for more targeted supplier strategies.