CSC launches Vendor Solutions Suite

By siliconindia   |   Thursday, 26 August 2010, 17:58 IST
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Bangalore: CSC released new Web-based software called Vendor Solutions Suite, which help firms to improve the quality, productivity and cost-effectiveness of their third-party vendor relationships. This software aids management of the entire relationship with vendors from assignment of tasks to review and approval of expenses. It automates and simplifies the vendor assignment process, tracks performance, promotes best practices and can ultimately lead to lower expenses. "Companies spend millions of dollars each year with outside vendors that provide a myriad of services to help them run their businesses," said Mike Fitzgerald, Senior Insurance Analyst for Celent. "Many firms manage these billings manually or with multiple automation solutions. Adopting a focused point solution that helps to control and better manage processes can bring real value at less cost." Jim Cook, President of CSC's Business Solutions and Services Sector said that the Vendor Solutions Suite will deliver powerful metrics on vendor performance and costs. It also can help the clients reduce expenses, improve communication and consistency, and increase payment processing efficiency. Vendor Solutions Suite can be implemented on-premise at a client site, hosted or deployed as a software-as-a-service.