Vendor and Third Party Risk Management Software

Manage Vendor and Third Party Risks

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.

Dynamic Workflow and Self Service Portal

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.

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 Risk Management Services

Contract Review Services

Effective and compliant contract review and management can be expensive, time consuming, and demand many resources that may just not be available. With regulations constantly changing and heavier enforcement than ever before it is critical to have a contract management solution that meets your needs and passes regulatory review.

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Due Diligence Services

Your time is valuable and chasing down vendor information is time consuming, expensive, and often never gets done. Quantivate provides complete vendor due diligence services to make your vendor and third party management initiatives easier, faster, and more cost effective.

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Key Vendor Risk Management Features

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.

Benefits of Quantivate Vendor Management Software

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 Management. 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.