Vendor Management
Vendor management module allows your organization to take a comprehensive view of your vendor relationships and organize that information for easy access and compliance.
Explore the industry’s richest solution, which allows you to organize your vendor related information on your servers. You don’t have to worry about having to upload all this critical information onto a third party server.
Instantly eliminate errors related to automatic contract renewals!
The key benefits for this module include:
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Keeping track all of your vendor information in one secure location, getting rid of those multiple spreadsheets and paper copies of contracts
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Storing vendor contacts in a simple, organized portal based rolodex
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Setting your own risk categories such as “Critical Vendor”, “3rd Party Vendor” etc., which can then be applied to all your vendor relationships
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Creating checklist of important documents for each risk category such as financial statements, Disaster Recovery Preparedness, SAS 70 certifications, etc.
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Keeping track of renewal dates across all your contracts with simple and visual reports.
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Setting up easy auditing through a specialized auditing view all of your important contracts and renewal dates.
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Utilizing checklists for “at-a-glance” reports on due diligence to ensure vendor compliance
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Gain the ability to assign specific vendors to individual employees, making them relationship managers
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Be setup for automated alerts, sent to relationship managers for any important renewal date
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Vendor Management Highlights
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Vendor Rolodex
Store all vendor contacts in a searchable database. Categorize vendors into functional groups for faster browsing. Favorite vendors can be marked and displayed above all other results for quick access.
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Risk Categorization
Establish categories for your vendors based upon your needs. Ensure compliance for all vendors by creating requirement lists with encrypted storage of contracts or confidential documents. Incomplete requirement lists are distinguishable to ensure that a user is never at a loss for information.
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Auditing
At a glance, see when contracts are due for renewal and ensure that all due diligence requirements have been met. Renewal notifications can occur at user specified dates. Auditor-level access allows a single user to oversee the entire active vendor portfolio in a single island. Checklists provide a quick reference to see what is incomplete.
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Included Islands
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Rolodex
Every vendor for the entire company can be stored in this single, searchable database, offering custom categorization favorites.
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Due Diligence
Categorize vendors along custom risk categories and guarantee regulatory compliance with checklists for each individual vendor contract.
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Audit Due Diligence
This island acts as a top-level view of open contracts assigned to a particular vendor manager, allowing for examining renewal dates and compliance records.
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Buying info
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Case Study
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Learn more about how Vendor Management solution is helping organizations gain control over their vendor relationships.
Click here
to download a recent article from CU Journal.
