Procurement Solution

Make Strategic Decisions About Sourcing & Vendor Risk

Minimize and monitor third-party risk and improve governance.

Quantivate GRC solutions pair integrated technology with industry-specific best practices, equipping your organization with the tools and support it needs to make strategic decisions around risk and compliance. Quantivate solutions help financial institutions and other organizations in regulated industries accelerate return on investment for their GRC initiatives and pursue program maturity.

Built on a powerful GRC technology platform, the Quantivate Procurement Solution provides a single source of truth for risk data, documentation, assessments, tasks, and reporting. It helps organizations implement an effective third-party management framework that supports business strategy and performance while integrating with enterprise risk and business continuity data.

The Procurement Solution provides:

  • An integrated GRC management system with built-in best practices, designed for maximum business value 
  • Scalability to meet immediate GRC needs and facilitate program maturity and expansion
  • Easy implementation to accelerate ROI for your vendor risk management initiatives
  • Mission-critical management capabilities for your department or business unit
  • Cross-functional data-sharing to improve collaboration and efficiency

VIEW THIRD-PARTY RISK THROUGH A SINGLE LENS

Gain 360° oversight of your vendors, enterprise risks, and continuity and recovery processes

CONNECT THE DOTS ACROSS YOUR ORGANIZATION

Take sourcing and procurement processes out of silos for increased efficiency and risk awareness

MAKE INFORMED, DATA-BASED DECISIONS

Access and act on GRC information and reporting in real time, within one integrated platform

Procurement Solution Benefits

Enhance visibility

Increase oversight of the vendor lifecycle, continuity planning, and enterprise risk by consolidating management processes in a single platform for a contextual view of your risk posture

Increase data access & reduce duplication

Easily store and retrieve vendor information and contracts, business continuity plans, risk reports, and more using a centralized digital file library

Streamline third-party management

Reduce the time and resources allocated to vendor due diligence, contract management, and ongoing monitoring

Improve communication

Boost collaboration internally and externally through cross-functional data integration and vendor self-service portals

Understand dependencies

Assess how third-party relationships and risks may impact business processes and objectives

Make risk-based decisions

Align sourcing and procurement decisions with organizational strategy and risk appetite

The system has been a great asset in streamlining our risk management on many levels to include vendor management [and] enterprise risk management.

Quantivate Customer, Finance Industry

Book a personalized demo of Quantivate's Procurement Solution