The tool automates the supplier registration process, providing round-the-clock self-service to suppliers, presenting of discounts and an electronic-invoicing and purchase-order flip capability. According to the vendor, the enhanced portal integrates seamlessly with APEX Analytix FirstStrike procure-to-pay controls and analytics technology, drawing on algorithms to market cash discount programs, achieve savings via electronic invoicing, and perform mass communications via voice, text and e-mail. It also enhances fraud detection and prevention when integrated with FirstStrike Fraud Detect software. The portal electronically registers and keeps current key supplier information, facilitates FATCA (Foreign Account Tax Compliance Act) adherence, creates required tax forms and validates addresses, ID numbers and banking information. International features include support for 13 languages.
