Vendor Onboarding Software Definition

Vendor onboarding software is a tool used by businesses to automate and streamline the vendor onboarding process. This type of software typically includes a Vendor Management System (VMS), which is used to track and manage vendor information, contracts, and performance.

Vendor onboarding software can help businesses save time and money by automating manual tasks, such as sending out welcome emails and creating contract templates. It can also help businesses keep track of vendor performance and compliance with company policies.