Vendor and Third Party Risk Management Software

 

Vendor Risk Management Software

Quantivate Vendor Management software allows your organization to develop a comprehensive vendor management process and obtain a complete view of your vendor relationships and vendor risk. The solution enables efficient vendor due diligence, vendor risk assessments, planning, vendor contract review, ongoing monitoring, and oversight.

In today’s complex business environment, vendors play a key role in the success of your organization. However, relying on vendors brings added risk. Managing these vital relationships and risks is important to ensure third-party products and services comply with applicable laws, regulations, and security best practices.

Relying on spreadsheets and word processing tools for the management of critical vendors no longer meets the growing requirements from auditors, government agencies, customers, or investors. A comprehensive vendor management software solution will allow you to protect and manage your resources and maintain successful long-term vendor relationships.

Centralized Vendor and Data Management

With Quantivate Vendor and Third Party Management software, you can manage all your vendor information, such as contact information, financials, contracts, and insurance certificates, in one easy to manage web-based application. The system also provides comprehensive on-time notifications of critical expiration and due dates.

Manage Vendor and Third Party Risk

Quantivate Vendor Risk Management is a powerful solution that gives you the ability to quickly perform due diligence and score your vendors on multiple variables to auto-calculate and determine the overall risk breakdown of each vendor.

Comprehensive Reporting

Quantivate Vendor Management software’s robust reporting capabilities give clear visibility into high-risk vendor relationships, the status of vendor assessments, and your organization’s overall risk exposure. Complete audit-ready predefined report templates are available for quick no-hassle reporting, including SOC reports. In addition, reports can be customized to fit your specific business needs. Reports include:

  • Vendor Classification – Understand your inherent risk
  • Dynamic Workflow Engine – Configure workflows, pages, and questionnaires to gather information from external third parties
  • Self Service Portals – temporary user accounts to create powerful self-service portals
  • Digital File Library – For easy storage and access to digital files, contracts, etc.
  • Notifications – Notify specific employees of due dates
  • Customizable Report Templates – Use prebuilt reports or customize them to fit your needs
  • Dashboard Layout – “At-a-Glance” status viewing and quick decision-making
  • Web Based – Easy deployment and automatic updates and maintenance
  • User Group Security – set employee security levels and assign vendors to specific employees
  • Auto Back-Up – Keeps your work safe and secure
  • Audit History Log – Track document changes by employee and vendor
  • Optional Deployment Services – Save time and effort with optional services

Watch On-Demand or Live Demo

Live Vendor Management Demo

Watch our live demos every Thursday at 1pm EST (10am PST)

On-Demand Vendor Management Demo

Watch our pre-recorded demo any time

Capabilities You Need to Succeed

  • Business Process Library
  • Real-time Visibility into Risk Exposure
  • Improve Accountability
  • Integrate Informational Security
  • Enforce Organizational Standards
  • Ensure Regulatory Compliance
  • Prevent Future Losses
  • Quickly Deploy Customized Solution
  • Integrate with Any Data Source
  • Single-Sign On

Quantivate Vendor Management Software Datasheet

Dynamic Workflow and Self Service Portal

  • Dynamic workflow engine enables you to configure workflows, pages, and questionnaires to gather information from external third parties.
  • Pre-Built workflows include: Vendor Analysis, Vendor Termination, Vendor Questionnaires, Vendor Incident Polling, Contract Reviews and much more.
  • Use temporary user accounts to create powerful self-service portals so your vendors, suppliers, and other third parties can manage their own information and documentation.

Easy to Use Dashboard Interface

Quantivate Vendor Management’s customizable dashboard interface gives you at-a-glance information and easy accessibility to important vendor information. Through this dashboard interface, you can access reports, your vendor document library, and other essential vendor information. Plus, the system’s unique Vendor Management Program Snapshot gives at-a-glance information, in easy to read charts, showing where each vendor sits in the Vendor Management Process, the classification breakdown of vendors, and the risk breakdown of vendors.

Benefits of Quantivate Vendor Management Software

  • Gain a detailed picture of your risk exposure from vendor relationships
  • Organize your vendors for easy review and access
  • Create a consistent standardized vendor management process to increases efficiencies
  • Centralize Reporting for greater decision making and resource management
  • Enforce vendor risk management policies and controls to ensure regulatory compliance
  • Save Time, Effort and Cost by significantly reducing resources and expenses required to perform risk analyses and maintain vendor oversight
  • Deliver complete information to senior management for strategic decision making

Single Sign-On Capabilities

Quantivate Single Sign-On (SSO) capabilities allow the Quantivate platform to trust the passwords and credentials passed from a user’s own network authentication and automatically perform user login. As a result, users do not have to enter a different username and password when logging into the Quantivate application.

Quantivate SSO provides end-users with convenience and uncompromising security through true SSO capabilities from network login through to application access.