Vendor Management system is a tool from BitCanny Technologies that enables property managers to easily accept new suppliers for services relating to rental property management. The system has been developed by Bit Canny’s Ruby on Rails development centre in Kolkata, in collaboration with property management industry experts in the U.S.
The primary purpose of this tool is to make vendor management easy for property management companies. The process starts with vendors registering themselves with their basic details. Then the vendor states what services they provide like plumbing, Electricity, construction, etc. This data can be provided for a region or multiple regions. Other details like licensing and banking information are also stored by the system.
Property managers can review information submitted by vendors and then approve or decline them. It supports the ability to store history of changes made. Managers can audit changes and see when something was changed before they accept the change. The system lets managers have the confidence that the data is true and valid. Vendors are required to digitally sign the information they provide using docusign.