Third Party Relationship Management system (xRM)
Welcome to our comprehensive portal designed to meet all of your third-party management needs. Whether you are dealing with customers, suppliers, departments, or banks, our platform offers an all-encompassing solution to streamline and optimize your interactions with these entities. By centralizing your third-party activities, we help you enhance efficiency, reduce risks, and foster stronger business relationships.
One of the core features of our portal is the robust tracking and monitoring system for all transactions across all entities. Every interaction is meticulously recorded and monitored, providing you with real-time insights and comprehensive audit trails. This level of transparency ensures that you have complete visibility into your operations, enabling you to make informed decisions and maintain compliance with regulatory standards.
Our innovative Le Series module takes flexibility to the next level by allowing you to define multiple profiles for the same entity. For instance, a single organization can be simultaneously registered as a customer, a supplier, a department, and a bank. This multi-faceted profiling eliminates the need for duplicate entries and simplifies data management. It recognizes the complex roles that entities can play in your ecosystem and provides a unified view of all their interactions with your organization.
To further enhance organizational clarity, the portal includes a built-in organization chart. This visual representation of your entities and their hierarchical relationships helps you understand the structure of your network at a glance. It aids in identifying key stakeholders, understanding reporting lines, and managing communication flows effectively. The organization chart is dynamically updated as changes occur, ensuring that you always have the most current view of your organizational landscape.
Security and control are paramount in managing third-party relationships, and our portal offers special authorization capabilities to address these needs. You can set ceiling limit amounts for transactions to enforce spending thresholds and prevent unauthorized expenditures. This feature helps mitigate financial risks by ensuring that transactions stay within approved budgets and limits. Additionally, the blacklisting functionality enables you to restrict interactions with certain entities. Whether due to compliance requirements, past performance issues, or strategic decisions, you have the power to block entities from engaging in transactions within your system.
In summary, our portal provides a holistic solution for managing all aspects of your third-party engagements. By offering detailed transaction tracking, flexible entity profiling with Le Series, an insightful organization chart, and robust authorization controls, we empower you to manage your operations with confidence and precision. Experience enhanced efficiency, improved risk management, and stronger relationships through our state-of-the-art third-party management portal.
This portal provides all of your Third Party needs. All transactions are tracked and monitored for all entities. Le Series allows definition of multiple profiles for the same entity (i.e. customer, supplier, department and bank) with a built-in organization chart and special authorization capabilities (ceiling limit amounts and blacklisting). An optional ledger module with posting and rescheduling capabilities offers an option for businesses that do not want a full Financials package but require accounting integration with their third party accounts.
Third Party Relationship Management system (xRM) is also a robust Relationship Management package that allows you to manage third party data and interaction, access business information, automate sales, marketing and customer support and also manage employee, vendor and partner contracts.
Optional basic “”Light”” Ledger module allows users to process accounts payable/receivable transactions for 3rd party instead of the full fledged corporate enterprise accounting module
