Supplier Collaboration Tools in procurement are digital solutions that enable the efficient management of supplier information and relationships throughout the supply chain. They enable companies to streamline communication and simplify onboarding, purchase orders, invoices, and other processes related to dealing with suppliers. Supplier collaboration tools provide a powerful means for connecting people, data, and processes across an organization’s network. By utilizing these tools, businesses can increase efficiency and speed up the time it takes to complete successful transactions with their suppliers. Ultimately, this allows companies to create better relationships with their suppliers and unlock greater value from their operations.