CSC Launches Vendor Solutions Suite

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CSC has released new Web-based software called Vendor Solutions Suite to help firms improve the quality, productivity and cost-effectiveness of their third-party vendor relationships.

CSC has released new Web-based software called Vendor Solutions Suite to help firms improve the quality, productivity and cost-effectiveness of their third-party vendor relationships. As per a news release, the 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.

Vendor Solutions Suite complements Legal Solutions Suite, which is used by more than 50 companies to manage 7,000 law firm relationships. Together, the products complete the comprehensive management of all vendor relationships.

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, a research and advisory firm. Many fi

rms 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, he added.

Vendor Solutions Suite is ideally suited for any type of firm that manages a high volume of vendor billings manually, said Jim Cook, president of CSCs Business Solutions and Services Sector. By delivering powerful metrics on vendor performance and costs, Vendor Solutions Suite helps clients reduce expenses, improve communication and consistency, and increase payment processing efficiency, he added.