Quantivate Vendor Management Software allows your credit union 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. The solution allows you to manage vendors throughout the entire vendor lifecycle.
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, and investors. A comprehensive vendor management software solution will allow you to protect and manage your resources and maintain successful, long-term vendor relationships.
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.
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.
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 no-hassle reporting, including SOC reports. In addition, reports can be customized to fit your specific business needs.
From due diligence and contract reviews to risk and compliance management, Quantivate Vendor Management for Credit Unions is a dedicated solution for documenting, managing, and analyzing vendor relationships. You can classify vendors, store contracts and vendor information, monitor performance, manage incidents, and generate audit-ready reports — all in one platform — with features including: