A Supplier Collaboration Platform is a technology that enables organizations to streamline their sourcing, procurement and invoice processes. It provides users with a way to collaborate with their suppliers and negotiate better prices on goods, services and inventory — all while increasing efficiency. Cloud-based solutions also allow for remote collaboration with colleagues, no matter where they are located. With its user-friendly interface and real-time insights, Supplier Collaboration Platforms make it simple to manage relationships with suppliers and ensure that you get the most value out of your supplier agreements.