Many organizations know there are cost savings hidden within their vendor network—but without visibility and control, those savings go unrealized.
When vendor relationships are fragmented and performance varies, spend increases, efficiencies are lost, and value leaks across the program. True savings come from consolidating vendors, standardizing terms, and managing performance through a centralized approach.
With the right vendor consolidation strategy in place, your vendor base becomes a strategic asset—delivering lower costs, stronger performance, and measurable business results.
When vendor management lacks structure, procurement and accounts payable lose visibility, creating hidden costs, duplicate payments, rogue spend, and wasted time negotiating multiple contracts.
Without a centralized approach, vendors operate outside approved channels, with inconsistent pricing and invoices, driving higher AP costs, payment delays, and compliance risks.
The result is spend leakage, inefficiency, and higher financial and compliance risk. Consolidating vendors with streamlined payments restores control, strengthens governance, and drives measurable savings.
Consolidate your vendors under one partner and gain full visibility, control, and compliance. Simplify payments, reduce rogue spend, and capture real cost savings across your supplier network.
One vendor. Complete control. Measurable ROI. Contact Contrax today to see how vendor consolidation can transform your business.
Is your organization still managing its contingent workforce program, and the staffing agencies associated with it, using manual methods such as a spreadsheet, in-house database or a Sharepoint-like website?
This comprehensive VMS Buyer’s Guide to help organizations with smaller contingent workforce management budgets find a solution that transforms how they manage their staffing agencies.
Is an overextended vendor base preventing your organization from focusing on the partners that deliver the greatest business value?
Let’s explore how our solutions can reduce spend, simplify payments, and maximize the value of your vendor network.
