Vendor Management (VM) Software

Effectively Manage Vendor Risks and Contracts

Vendor 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 with 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 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 Risk

Quantivate Vendor 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.

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 for where each vendor sits in the Vendor Management Process, the classification breakdown of vendors, and the risk breakdown of vendors.

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 SSAE-16 reports. In addition, reports can be customized to fit your specific business needs.

Key Features

Benefits of Quantivate Vendor Management Software

Guaranteed Compliance

Quantivate Vendor Management software tools have been developed with the law firm Farleigh Wada Witt to provide clients with highly effective vendor management processes and tools that satisfy all regulatory requirements. In fact, Farleigh Wada Witt guarantees that the management tools in Quantivate Vendor Management will always comply with current NCUA/FDIC/OCC/CFPB requirements.

Quantivate enables organizations to effectively, and efficiently comply with the various regulations covering financial institutions including:

Quantivate’s products and services have been audited, reviewed, and passed examinations from many state and federal examiners – including:

The Quantivate GRC Suite- Data from Across the Enterprise

Quantivate Vendor Management software allows your institution to implement industry best practices for efficient audits, and ensure tight integration of the internal audit process with other Quantivate Suite modules; including Internal Audit , Business Continuity, Enterprise Risk Management, IT GRC, and Regulatory Compliance Manager. No time consuming or costly integration programming is required to gain access to all the risk, compliance, and business continuity data required for your audit processes.

Vendor Management Services

Your time is valuable and chasing down vendor information is time consuming, expensive, and often never gets done. As Quantivate’s partner The Paragon Group provides outsourced due diligence services to make your vendor management implementation easier, faster, and more cost effective. The chances are your institution shares critical vendors with other institutions. This means that every institution is bearing the full brunt of the cost to meet regulatory requirements for vendor due diligence. We ask – “Why not split the cost across many financial institutions?” Working with your staff on an ongoing basis, Paragon’s experts ensure your vendor due diligence program meets regulatory requirements in the following critical areas:

Quantivate  is a NAFCU Preferred Partner for Vendor and Contract Management Software

NAFCU Preferred Partner Seal For more more information and educational resources visit: http://www.nafcu.org/quantivate/