Everest Re Case Study
Managing vendors is not an easy task for any corporation, big or small. Managing vendors can be challenging due to the differences in the business processes and the vendors’ technologies. The process has to be effortless and coordinated for both the vendor and the corporation. The vendor has to provide the required data, and the corporation has to manage it in a streamlined method. The best way to ensure that your vendors are working hard to provide the services you need is to automate your vendor management process.
Everest Re is a leading global reinsurance and insurance organization. With over four decades of industry presence, it has become a global leader and is one of the top 10 reinsurers in the world.
Being a global leader, Everest Re has a long list of vendors. They were managing all vendor information, assignments and information manually in Excel sheets. Moreover, they were transferring information via email and checking/collecting data from emails. Everything was being done manually, which took a lot of their productive time as well as energy. They desperately felt the need for a compact solution that would make their lives easier.
Our experts at Evolvous crafted a single platform for vendor management by leveraging Power Apps and Power Automate and giving a bonus functionality using Power BI.
Using responsive Power Apps, our team built a single platform where Everest Re could add new vendors and set new assignments.
Leveraging Power Automate users could track the progress of the assignments and send or check emails without leaving the platform.
With the bonus functionality, users can extract reports using Power BI with interactive dashboards and visuals. Users could export these reports conveniently in excel format.
Implementing automated vendor management software is an intelligent investment for any company. It can help you streamline internal processes, reduce errors, provide increased visibility into the entire supply chain, and save money. If you are looking for a way to get started with automating your vendor management process in one platform, Contact our team today.