How eSignatures eliminate transaction complexity for B2B marketplaces
There’s no denying buyer behavior has shifted, as more and more (and bigger and bigger) transactions move online—including B2B transactions.
It’s no longer a matter of if B2B marketplaces will go mainstream but when.
But before that happens, marketplace operators must figure out how to attract both suppliers and sellers to their platform and keep them transacting on it. That’s just what this guide’s all about. In it you’ll learn how to:
- Keep transactions on your platform by building a slick transaction engine
- Onboard suppliers faster
- Facilitate the transactions your marketplace participants want
- Reduce post-deal admin
Frequently asked questions
What is the importance of vendor onboarding?
Having a robust vendor onboarding process mitigates the risk of inaccurate information and streamlines the process to improve efficiency.
How can fraud vendors be prevented?
Maintain a high level of due diligence by ensuring there is a clear and secure record of communication through digitizing documents and signatures.
Who is responsible for supplier onboarding?
Businesses that have a carefully planned onboarding process can delegate supplier onboarding tasks to members of the team with less training required. Digitizing the process allows for faster and more accurate due diligence.
How long does it take to onboard a vendor?
Post-contract tasks such as collecting supplier information, assessing compliance documentation and getting vendors onboarded with internal processes can take between 1 to 3 months.
What is the importance of vendor onboarding?
How can fraud vendors be prevented?
Who is responsible for supplier onboarding?
How long does it take to onboard a vendor?
