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Purchasing Tools



BBVA Group is implementing the use of the electronical platform Adquira to manage most of the relationships with his suppliers during the different purchasing processes.

This platform is managed by Adquira España, S.A., company where BBVA Group is one of the shareholders along with other shareholders outside BBVA Group, and is the Supplier Portal used by BBVA Group to manage the different procurement processes through a collaborative environment.

The use of this Portal gives BBVA users and suppliers a higher control, visibility and transparency of the different processes, as well as agility and compliance of payment terms and conditions.

 

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The Supplier Portal and E-invocing offer the benefits derived from digital relationship models (agile and efficient operations, information management optimization):

Process automation
  • Agility and simplification of processes
  • Grater process control and efficiency
  • Provides end-to-end purchasing processes traceability
Invoice Recording
  • Automation and elimination of manual tasks
  • Reduced invoice processing and manegement time
  • Improve payment deadlines compliance
Agility
  • On-line communication
  • Elimination of printed invoice archiving and safekeeping costs
Information integrity
  • Greater invoice control and traceability
  • Improve service and payments for suppliers
Operational Risk
  • Reduced number of errors and improve response time
  • Full automatic validation of invoices (structure, authenticity, integrity and content)

 

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