HICX Solutions: Supplier Management Meets Master Data (Part 2)

Please click here for the first installment of this series.

Supplier Onboarding as You Like It

Supplier onboarding and registration isn’t always as simple as it seems. Companies can take several routes based on open and closed registration processes. In this area, we were pleased to see that HICX has adopted the open funnel approach – meaning that vendors can self-register (aka walk-in or cold-call) or be invited, and then follow the path toward providing more and more detailed information about themselves.

The process has dynamic aspects (cascading questions with decision logic) and category code specific questions sets (a la RFI) that are automatically provided to suppliers that flag themselves as capable in any given area. These may seem like small features perhaps, but when a solution is aimed at all your suppliers and not just meant to manage the core strategic subset, they can make all the difference between a system that is a compromise versus not.

The rest of this PRO research brief can be found on Spend Matters PRO. If you’d like to become a Spend Matters PRO member, please subscribe. If you’re not ready to subscribe or wonder why you should, we’ve answered some FAQs here or you can email a Spend Matters team member directly. If you’re not into paying for content, we get that too. Thanks for reading!

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