Duplo Unveils Vendor Management Portal

Duplo, a Nigerian-based B2B fintech brand specialising in simplifying business financial operations, recently announced that it had launched its Vendor Management Portal, which helps businesses optimize their supply chain management.

The statement asserts that in the past two years, Duplo 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 Duplo 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 Duplo released the Vendor Portal in response.

The statement reads, "The Vendor Portal consolidates essential resources for 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 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," said Oyekola, Duplo's CEO.

 "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:

1. Complete Seamless Transactions: The Vendor Portal streamlines transactions between businesses and suppliers, saving time and resources. 

Users can effortlessly manage the platform's invoicing, collections, and reconciliation processes.

2. Access Instant Financing with Zero Collateral: Vendors can use 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.

3. Build Better Vendor Relationships: The Vendor 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 www.tryduplo.com/vendor-portal. 

About Duplo

Duplo is a leading fintech company in Nigeria committed to transforming businesses' financial operations. Duplo offers a full suite of products to simplify back-end processes for finance and accounting teams, including automated accounts payables and receivables, spend management, and payments. 

To learn more about Duplo, visit their website www.tryduplo.com.