Manage Supplier Risk during Onboarding with ARCUS® Supplier Information Management
ARCUS® Supplier Information Management (SIM) software is a cloud-based solution designed to transform how organisations manage their supplier information.
Centralised, efficient, and secure, ARCUS® SIM goes beyond basic data storage to deliver a comprehensive platform for supplier onboarding, risk management, and compliance, creating strong and reliable supplier relationships. Supplier Information Management software users benefit from increased supplier transparency, streamlined supplier management and improved data integrity.
About Supplier Information Management
Centralised supplier data: Maintain a single source of truth for all supplier-related information, including contacts, certifications, documents, and risk profiles, instead of disorganised, siloed storage.
Automated workflows: Streamline supplier onboarding and compliance processes with configurable workflows and automated alerts, rather than chasing stakeholders manually.
Enhanced risk management: Identify and mitigate potential supplier risks across various categories, such as financial, operational, reputational, and ESG.
Improved compliance: In light of evolving legislation, ensure adherence to industry regulations, internal policies, and ethical sourcing standards with comprehensive data collection and monitoring capabilities.
Seamless Integrations: Connect with other ARCUS® modules and external systems for a unified view of supplier information.
What are the Benefits of Supplier Information Management Software?
- Centralised supplier data and documentation.
- Efficient streamlined supplier management.
- Reduced manual administration.
- Mitigated supplier risk and increased compliance.
- Enhanced supplier transparency.
- Tried and tested nine-week implementation.
- Advanced data visualisation when used with ARCUS® Analytics.
- Supplier self-onboarding.
APIs
Integrates with a wide range of APIs, such as environmental, social and governance data, allowing users to access data from official sources to enrich supplier profiles.
Artificial intelligence
Scan and verify documentation with 99% accuracy to validate compliance claims.
Automation
Empower users to automate repetitive and time-consuming tasks due to supplier onboarding workflows. Freeing up teams for strategic initiatives.
Case study
Whitbread PLC is the UK’s largest hospitality company, owning Premier Inn as well as Beefeater, Brewers Fayre, Table Table and Bar+Block.
Using ARCUS® SIM, Whitbread’s procurement team can collect large volumes of data specific to supplier risk level, financial status and company requirements by using configurable questionnaires. This allows Whitbread to request additional information specific to their company such as evidence of sustainability in the supply chain and ethical trading.