Tiny teams, huge responsibilities, all supported by Canopy
It may be a 'team' of one person, but in many businesses, the procurement function has hundreds or even thousands of suppliers to look after. They'll be responsible for onboarding, assessing risk, monitoring compliance, and ongoing relationship management.
We know from our experience as procurement professionals that it can be overwhelming without the proper support, and that’s where Canopy comes in. Canopy can boost the power of procurement, however small the team is.
Canopy provides visibility and control
With Canopy, supplier management becomes more of an inbound relationship, freeing up valuable procurement time to look at broader business goals. The onus is on the supplier to keep themselves compliant.
And with the ability to block non-compliant suppliers, procurement can gain an additional level of comfort. For instance, the platform sends automated emails to suppliers signalling that key compliance documentation is about to expire.
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A single record for each supplier
From bank details to certifications, contracts and insurances, all your supplier information is managed and accessed centrally from the Vendor Master Record.
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Automated Monitoring & Alerts
In-built automations ensure credentials are monitored continuously and alerts are triggered immediately when risk is elevated.
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Eliminating Non-compliant Trade
Connecting Canopy with your ERP allows breaches of risk and compliance rules to suspend new purchase orders (POs) and trigger payment hold, eliminating non-compliant trade.