Companies are increasingly dependent on third parties to provide services. With this, increased use of vendors comes in need. Managing vendor manually, updating calendars, and trying to organize files across network folders sometimes become very messy requiring lots of time and effort.
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Over the years, the adoption of cloud erp vendor management software has increased significantly, as it enables an organization to use the software on a pay-per-use basis, which makes it cost-effective. Some other factors liable for the growing adoption of vendor management software are easier and faster implementation of IT solutions and less dependency on in-house IT crew.
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