Duplo, a Nigerian-based B2B fintech brand that specializes in simplifying financial operations for businesses recently announced it has launched its Vendor Management Portal which helps businesses optimize their supply-chain management. In the past two years, the company has pioneered solutions addressing the different financial operation needs of
businesses of all sizes ranging from accounts payable and receivable to payments.
During this time, the team learned the challenges businesses face when managing multiple
vendors communication mishaps, requests for early payments, and misplaced invoices. These challenges
significantly impact these businesses relationships and operational efficiency so, in response, the company released the Vendor Portal.
Addressing this, the company CEO, Yele Oyekola, shares that, “The Vendor Portal consolidates essential resources for both businesses and their suppliers into one efficient and centralized platform. Merchants can seamlessly onboard vendors and suppliers onto this
portal to receive invoices from various sources and track payments via a unified dashboard.”
Similarly, vendors can streamline their invoicing processes and automate payment tracking, eliminating manual tasks. Vendors also gain access to early payments through Duplo’s invoice financing feature, receiving up to 70% of their payment upfront with zero collateral. This feature facilitates better cash flow management for both vendors and merchants.
“We are excited to introduce our Vendor Portal, designed to revolutionize how businesses manage their
supplier relationships. With this innovative solution, we aim to streamline transactions, improve communication, and ultimately drive success for our customers and their suppliers.”
Through Duplo’s Vendor Portal, users can complete Seamless Transactions. The Vendor Portal streamlines transactions between businesses and suppliers, saving time and resources. Users can manage invoicing, collections, and reconciliation processes effortlessly within the platform.
Vendors can take advantage of convenient financing
options tailored to their unique needs. With access to financing through Duplo, businesses can pay
suppliers earlier than the due date, improving cash flow for both parties.
Build Better Vendor Relationships as the portal provides clear communication channels and
efficient collaboration tools, strengthening relationships between businesses and suppliers. Direct
invoicing via the platform eliminates the need for constant email or messaging exchanges.
For more information about the Vendor Portal and how it can benefit your business, please visit, Duplo
