Suppliers are essential for effective e-commerce and retail businesses. The key lies in identifying the right suppliers for a successful partnership. Onboarding new suppliers into your core process is a crucial step that culminates in a new supplier approval process. Several factors such as supplier capabilities, product or service quality, financial stability, and compliance with policies. Moreover, the process also includes multiple departments and has to be processed efficiently to maintain the quality of the goods and services. 

Businesses start facing challenges when the process is carried out manually. They are dependent on paper documents, emails, and spreadsheets, where employees are burdened with data handling and management tasks, instead of being able to focus on skill-based tasks. A system that lacks standardization is prone to errors and compliance risks. 

Investing in outstanding workflow automation software is ideal for any small, medium, and enterprise-level businesses. Automating complex workflow such as new supplier approvals effectively evaluates growth opportunities and potential risks. A standardized and automated workflow enhances department coordination and productivity. All the tasks in the process flow are streamlined and eliminate bottlenecks, errors, and risks.