Newton SRM

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What is Newton Supplier Relationship Management?

Newton Supplier Relationship Management (Newton SRMS) is an intelligent supplier relationship management software to assist organizations in managing their suppliers more efficiently and conveniently. However, in the current business environment, organizations have numerous suppliers divided in various locations.

Managing all this manually is confusing, time-consuming, and risky. Newton SRMS addresses this issue by providing a central location in which all vendor affairs are handled. It makes business easily organized, and improves communication with the suppliers.

This supplier relationship management system has the ability to accommodate the vendor requirements of any company, whether it is mid-size or large-size. Newton SRMS is built by Nippon Data Systems to enhance the supply chain through the maintenance of vendor relations comfortably and safely.

How Does Newton SRM Software Work?

  • It stores supplier information in a single platform in order to provide a clear picture of the activities of all the vendors.
  • It automates the process of registering a vendor, checking documents, and the approval processes so that a lot of time and errors can be saved.
  • It monitors supplier performance through real-time dashboards and assists in detecting delays or problems.
  • It integrates with purchase systems to issue purchase orders, invoices, and make payments all in a single space.
  • It notifies about contract renewal, compliance, and pending actions to ensure deadlines are not missed.

How to Use Newton SRM Software?

Newton’s supplier relationship management software is easy and effective to work on. On the one hand, vendors have the opportunity to register and send documents online. After that, they are checked and accepted by your team in the safe workflow.

The software keeps all the details in a centralized supplier relationship management system, including contracts, licenses, and a history of communications. With ease, you are able to track supplier performance, monitor risk, and renewals. Reporting and real-time dashboards to make better decisions are also made available in the SRM software. It integrates with your business ERP or finance systems to simplify purchases.

It is a supplier relationship software that can comply with your needs, whether you are a small or large business, and develop better relations with vendors. Newton supplier relationship management transforms your procurement process into faster, smarter, and completely organized one.

Key Features of Newton SRM

Supplier Onboarding and Registration

  • Easy Registration: Automate supplier sign-up, document submission, and verification for quick onboarding.
  • Secure Approvals: Set role-based access so approvals happen efficiently and safely.

Centralized Supplier Database

  • All-in-One Vendor Info: Keep vendor profiles, licenses, contracts, and communication history in one place.
  • Smart Search & Filter: Find vendors easily by category, region, or performance metrics.

Performance Tracking and Analytics

  • Custom KPIs: Measure suppliers on quality, delivery speed, and cost-effectiveness.
  • Live Dashboards: Monitor trends and quickly identify suppliers who are underperforming.

Automated Workflows

  • Simplified Processes: Automate contract renewals, audits, and payment approvals.
  • Reminders & Notifications: Get alerts for certificate expirations or pending tasks.

Procurement Integration

  • Seamless Connection: Link with your existing procurement systems or ERPs.
  • Unified Operations: Manage purchase orders, invoices, and payments from one platform.

Risk and Compliance Management

  • Stay Compliant: Monitor adherence to legal, environmental, and company standards.
  • Centralized Verification: Keep compliance documents organized and automate due diligence.

Collaboration and Communication Tools

  • In-App Communication: Message vendors, share documents, and assign tasks from the platform.
  • Shared Dashboards: Track project progress, timelines, and action items together.

Reporting and Insights

  • Custom Reports: Generate reports on supplier performance, contracts, and spending trends.
  • Data-Driven Decisions: Use historical data for negotiations, forecasts, and strategic planning.

Scalable and Secure

  • Grows With Your Business: Easily expand as your supplier network grows.
  • Enterprise-Grade Security: Role-based access and audit trails ensure data safety and traceability.

Who Can Use Newton SRM?

  • Manufacturing Companies: They handle lots of raw material suppliers and require effective procurement and tracking of supplier performances.
  • Retail and E-commerce Businesses: It assists in multi-supplier management of products, timely delivery, and contract renewals.
  • Construction and Infrastructure Firms: This is useful when managing subcontractors, suppliers of materials, compliance materials, and vendor coordination within a project.
  • Healthcare and Pharma Companies: Ensures a quality assured supplier compliance of medical equipment, raw materials, and regulated procurement processes.
  • Public Sector and Large Enterprises: Suitable in large companies to run tenders, register vendors, gain approval, and ensure multilevel compliance.

What is the Importance of Newton Supplier Relationship Management (SRM)?

  • Stronger Vendor Relationships: Develop long-term, prosperous relationships with vendors based upon trust, which facilitates uneventful operations and corporate development.
  • Better Team Coordination: Links internal functions with suppliers, enhancing decision-making as well as communication of procurement activities.
  • Centralized Supplier Visibility: Provides a clear understanding of all its suppliers within one supplier relationship management system in order to minimize risks.
  • Goal-Aligned Procurement: Allows you to keep supplier actions in sync with their business objectives and strategic purchase strategies.
  • Regulatory Compliance Support: Keeps the current records and procedures to comply with regulations, environmental, and industry standards.
  • Strategic Sourcing Enablement: Promotes planning and supplier assessment ahead of time to achieve competitive advantage and innovation.

Why Choose Newton Supplier Relationship Management (SRM)?

Newton SRM is built on over 30 years of experience in enterprise IT, making vendor management reliable and easy to use. The software comes with workflows that you can customize to match your company’s buying process, industry rules, and specific needs.

It integrates smoothly with accounting, finance, and ERP systems, giving you a complete view of operations from start to finish. The platform covers the entire vendor lifecycle, from onboarding and performance tracking to contract renewals, all in one place.

Newton SRM also provides dedicated support and training, helping your team set up and use the system effectively. The software is scalable, so it grows with your business, while keeping your data secure and controlling user access efficiently.

Benefits of Newton Supplier Relationship Management (SRM)

  • Time and Effort Saving: Saves manual work, and automates and thus frees teams to concentrate on strategic work.
  • Improved Team Productivity: Enhances efficiency due to fast accessibility to real-time information in the supplier relationship software.
  • Faster Decision-Making: Provides performance insights in real-time and assists teams to make smart decisions on time.
  • Enhanced Collaboration: Enables the sharing of documents and updates as well as using shared dashboards and tools by the suppliers and internal teams.
  • Cost Reduction: Reducing the costs of procurement by increasing the power to negotiate and tracking the performance of the vendors.
  • Agile Supply Chain: This smart SRM software is fast in facing the changing requirements of new vendors or market conditions.

Newton Supplier Relationship Management (SRM) Pricing

Newton Supplier Relationship Management (SRM) pricing is available on request. Its pricing is flexible and depends on your business size and needs. The software is customizable, so you only pay for what you actually use. To get the best offer, you can request a free demo or contact us for a personalized quote.

Features of NEWTON SRM

Supplier Onboarding and Registration

Easily register new suppliers, collect documents, and approve them quickly with automated workflows.

Centralized Supplier Database

Keep all supplier details, contracts, and history in one secure place for easy access.

Performance Tracking and Analytics

Track supplier quality, delivery speed, and costs with live dashboards and performance reports.

Automated Workflows

Save time by automating approvals, contract renewals, audits, and routine supplier management tasks.

Procurement Integration

Connect smoothly with your existing ERP or procurement systems to manage orders and payments in one place.

Risk and Compliance Management

Ensure suppliers follow laws and company standards with automated compliance checks and document tracking.

Collaboration and Communication Tools

Communicate directly with suppliers, share documents, and track project updates inside the platform.

Reporting and Insights

Generate custom reports on spending, contracts, and performance to support better decision-making.

Scalable and Secure

Grow without limits with enterprise-grade security and role-based access for safe supplier management.

Is Newton SRM suitable for small businesses or only for enterprises?

Newton SRM adapts well to the small firms and large companies, and it is easy to grow depending on the size of the firm.

Yes, Newton SRM allows multi-tier supplier networks to be handled and suppliers kept at different levels efficiently and clearly.

Newton SRM can be used to create and monitor purchase orders so that your purchasing process remains well managed and on-time.

Yes, you can automate a lot of the procurement process such as approvals, reminders, etc. to save both time and errors.

Newton SRM should be capable of working with little or no training to use by the procurement and finance teams.

Yes, Newton SRM is cloud-based, which enables you to access it anytime, anywhere where there is an internet connection.

Newton SRM comes with mobile and tablet access where you can manage suppliers wherever you are, whenever you want.

Yes, before purchasing it, you can download a free demonstration to understand its functions and advantages.

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