Automating Vendor Contract Approvals
Automating Vendor Contract Approvals
Selecting new suppliers, scheduling payments, and organizing the delivery of goods — it doesn’t have to be complex and time-consuming, does it? Not with airSlate. Learn how to automate and streamline the approval and onboarding of new vendors and increase the efficiency of procurement processes.
About this course:
The course is aimed at anyone interested in developing relationships with new suppliers and is looking to simplify and maximize the efficiency of this process.
By the end of this course, you will be able to onboard new vendors, streamline your workflows with them, and solve the most common issues procurement departments face due to the lack of automation.
What does this course cover?
This course goes through the most common bottlenecks of vendor contract approvals and how workflow automation helps address these challenges. You will also review detailed guidelines for setting up a fully automated workflow that will benefit both you and your vendors.
Why was this course made?
We created this course to show you how fast, simple, and reliable vendor contract approvals can be if you use workflow automation.
Who can enroll?
Anyone can enroll in this course and we recommend doing so while getting to know airSlate better.
The materials for this course include:
- learning resources to teach you how to automate a vendor contract approvals workflow in practice.
- quiz and assignments to consolidate the received knowledge.
What you will learn
|Certificate||A verified certificate is included|
|Subject||Vendor contract approvals workflow|
Earn a verified certificate to demonstrate the skills you gain
All you need to digitally transform your business
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Become an airSlate Partner
Students who complete the airSlate Academy courses are welcome to become partners. Get the necessary skills for building automated processes, helping airSlate newbies, and generating revenue.
The contract approval process and the growth of automation
As an integral part of a company’s activity, the contract approval process when poorly managed leads to great losses in profit, credibility, and reliability.
Even if you feel that your current process has been and is successful, the situation can change and drastically affect your business.
Automation is taking hold of the future and along with it the way you’re used to working with vendors. Instead of filling out papers or looking for the right document, you can spend that valuable time on more important tasks; looking for a more suitable supplier or researching the market. In short, mastering the automation process is something that every business needs to do soon. As you continue to read, you’ll learn all about business process automation (BPA) and how it helps improve contract management.
Where to learn more about contract workflow automation
Before you start transforming workflows, dot your i’s and cross your t’s: Automation is an advanced tool for your business that needs proper implementation. Therefore, to get the most out of it, we advise you to take and complete the airSlate Academy’s Vendor Contract Approval course.
The course is focused on teaching you how to reduce the costs and time it takes to complete your procurement process’s lifecycle, eliminate bottlenecks in the contract workflow and prevent errors associated with data entry. Expanding your knowledge with free online courses can save you a lot of headache connected to lost documents, invoice fraud, and much more. Master new solutions like no-code robotic process automation (RPA), e-signature and document generation.
Anyone interested in understanding every step of a fully automated contract approval Flow should sign up and take the course. Get everything you need to know from setting up Bots to inviting participants to collaborate.
What can you get from the Academy?
Unlike other training courses, the academy combines theoretical and practical knowledge. Creating an airSlate account grants you full access to necessary documents, exporting tools, and the ability to negotiate with Flow participants in real time.
The Academy introduces you to all airSlate’s features and teaches you how to properly implement them into your working processes. You’ll learn how to stay up-to-date with changes in your workflow by setting up automated email notifications: give the tedious work to Bots and eliminate manual reminding. Moreover, the course goes over how to integrate the process into any third-party system, e.g., CRM/ERP, without writing a single line of code and how to generate a document by clicking one button.
The course includes a short quiz to reinforce the knowledge you picked up and evaluate your performance. Take the course as many times as you need to fully understand it. Spending at least 30 minutes a day completing this course will get you your certificate in just one week. Transform Vendor Contract Approvals into a flawless procurement process.
How does airSlate define a flawless contract management workflow?
Take a look below and get clear insight into what a smooth working process looks like with airSlate automation in full deployment.
- A new vendor fills out a registration form.
- The data is automatically saved in the CRM and ERP systems.
- The procurement manager then sends the pre-filled contract with the vendor’s data from the registration form to the vendor for signing.
- Then both parties negotiate in real time right in the document Slate.
- Once there’s an agreement the vendor e-signs.
- The Chief Operation Officer receives an email notification that all stages have been completed and that they need to e-sign as well.
- After payment has been received and the payment process from has been completed everything including the contract are automatically stored in the CRM.
airSlate makes collaborating with suppliers straightforward for everyone. If set up correctly, the process runs like clockwork. With great workflow automation software, you get a seamless contract approval process.
After completing the course, you’ll receive a certificate and, most importantly, skills on how to turn the contract approval process into a multi-level, accurate and reliable automation workflow. If you’re interested in helping your current team innovate or even interested in future career perspectives in automation architecture, enroll for free.
Questions & answers
Vendor management is a system of processes that cover all the steps of a deal’s lifecycle and allows businesses to control their costs, mitigate risks, and get the best services from vendors. It plays an essential role in ensuring financial stability and resource savings. It’s the main reason why many organizations value such experience in this sphere and send their employees to supplier relationship management courses.
Vendor management includes many separate processes: vendor vetting, onboarding, procurement, order confirmation, performance monitoring, and much more. Each process can be divided into smaller but still important tasks that have to be carried out to guarantee successful cooperation. Otherwise, mistakes can be made, and you'll have to solve newly formed issues. Unfortunately, not everybody can get all the required skills at university, so it's a good idea to enroll in online vendor management certification programs.
The importance of supplier relationship management grows as a company grows. Small organizations deal with just a few vendors, large businesses and corporations need to contact dozens or even hundreds. Each of them has its own contract requirements, pay rates, preferred communication methods, and keeping everything in mind is highly complex. Consider completing a vendor management training certification.
Any supplier relationship management specialist should have a set of skills connected to negotiation, planning, strong verbal and written communication, marketing, and presentation. It's hard to get all these skills after one vendor management certification. Always be on the lookout for new information.
The main three steps of any contract approval process are document review, approval, and sign off. Without these stages, this process and vendor management as a whole isn't complete, and if any of these stages fails, it offsets all previous steps.
We can divide any project into five main parts: start, preparation, planning, implementation, completion. All of them require hiring additional specialists or ordering services and goods along with a contract(s) to guarantee credibility and delivery. As a result, people face contract approval processes with multiple vendors during all project steps.
There are many activities that accompany the contract approval process called contract processing. People must prepare contract-related data, assess conditions, check agreements for ambiguity, an omission of terms, and potentially incorrect statements. In other words, contract processing is the set of procedures that ensure every agreement's compliance with a company's rules and policies. Unfortunately, it's pretty monotonous work, and there is a high risk of human error. To avoid mistakes, consider automating such tasks. Complete the vendor management training certification by the airSlate Academy and learn how to streamline and accelerate work with contracts for free!
IT vendor management has no extraordinary specifics. Managers try to minimize cost and spending and mitigate risks without harming their product's quality. The only things that require additional examination are product implementation and maintenance. Otherwise, IT vendor management specialists work just like managers of all other industries.
A certificate of vendor compliance is the document made by every organization to confirm that an organization meets necessary requirements. This document isn't very popular when it comes to relationships, but some governmental institutions request it before allowing an organization to participate in specific tenders or auctions.
You can complete vendor management certification programs with the airSlate Academy. It allows students to learn more about contract approval processes, try workflow automation, and get vendor and risk management certifications. Get valuable information at your own pace online.