Suppliers & Vendors
Information About Our Vendor Payment System
53Connect is the Bank's new supplier management system which will streamline procurement operations and help us manage our supplier relationships more efficiently. It includes a set of tools and enhanced processes. These tools, from a company called Proactis, are the bases of the Bank’s new procure to pay ("P2P") systems.
53Connect will be rolled out in stages throughout this year. It is important to enroll in 53Connect and watch for communications through the system for updates and news.
53Connect includes a variety of features, tools and systems:
- Cloud-based supplier portal
- Contracts repository
- Purchase order and invoicing tools
- Performance management scorecards
- Vendor risk management
Tools to Further Support Our Diversity Objectives
- A critical component of our core growth strategy
- Maintains strong affiliations with diverse organizations
- Fifth Third is committed to a diverse supply chain. If you are a diverse supplier, please click here to register