Third-Party Risk and Vendor Management Software
Manage the full vendor lifecycle and get a complete view of your institution's third-party relationships.
"Quantivate is our risk management partner for both existing and potential vendor relationships. We count on their vendor reporting services for current and critical information to augment our decision-making process."
— Charles Bauchat, Senior Vice President of Operations, Michigan Business Connection
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. 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.
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Quantivate Vendor Management helps you:
ENHANCE VISIBILITY
Improve your oversight of vendor relationships and their health to cultivate reliable, long-term partnerships
IMPROVE COMMUNICATION
Boost collaboration both internally and externally with user accounts and vendor self-service access
INCREASE ACCESS
Easily store and retrieve vendor information through a centralized database for contracts and due diligence documentation
REDUCE RISK
Use built-in tools for contract reviews, risk assessment, and vendor criticality and risk scoring
MAKE SMARTER DECISIONS
Leverage robust reporting tools for both auditing purposes and executive decision-making, verifying that your third-party risk management practices meet regulatory requirements and internal policies
BOOST EFFICIENCY
Standardize your organization's vendor management processes with built-in best practices and integration with other GRC activities
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.
Vendor Management Compliance Guarantee
Quantivate Vendor Management has been developed with law firm Farleigh Wada Witt to provide clients with highly effective processes and tools that satisfy all regulatory requirements. In fact, Farleigh Wada Witt guarantees that the management tools in Quantivate Vendor Management Software will always comply with current regulatory requirements and guidance issued by the following federal agencies and organizations:
- Consumer Financial Protection Bureau (CFPB)
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve Board (FRB)
- Office of Comptroller of the Currency (OCC)
- National Credit Union Administration (NCUA)
- Federal Trade Commission (FTC)
- Federal Financial Institution Exam Council (FFIEC)
- Payment Card Industry (PCI) Security Standards Council
Vendor Management Reporting Made Easy
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.
The Quantivate GRC Platform’s Report Builder equips users to organize and visualize GRC program data with drag-and-drop ease. Quickly generate customized reports with data visualizations to communicate actionable risk and compliance insights.
- Aggregate data across Quantivate products
- Connect the dots between GRC functions through data integration
- Quickly build, customize, and export reports
- Incorporate visual analytics with tables, charts, and graphs
- Extract insights and trends from your vendor management program
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Datasheet
Features You Need to Succeed
From due diligence and contract reviews to risk and compliance management, Quantivate Vendor Management 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:
- Vendor Classification – Understand your inherent risk with criticality and risk scoring.
- Vendor Analysis – Use built-in tools and guided processes for evaluating new vendors, conducting contract reviews, monitoring risk and performance, and tracking incidents.
- Vendor Self-Service Portals – Set up temporary user accounts to create powerful self-service portals for vendors or other contributors.
- Built-in Content – Access templates for vendor analysis, vendor termination, due diligence questionnaires, vendor incident polling, and contract reviews.
- Notifications – Receive automated "action needed" alerts and notify specific employees of due dates.
- Customizable Report Templates – Use pre-built, audit-ready reports or customize them to fit your needs.
- Audit History Log – Track document changes by employee and vendor.
- SaaS Platform – Easily deploy our web-based application, which features automatic updates and maintenance.
- Dashboard Layout – View reports and statuses at a glance for quick decision-making.
- Dynamic Workflow Engine – Configure workflows, pages, and questionnaires to gather information from external third parties.
- Digital File Library – Easily store and access digital files, vendor information, contracts, due diligence documentation, and more in one centralized location.
- User Group Security – Set employee security levels and assign vendors to specific employees.
- Auto Back-Up – Keep your work safe and secure.
- Single Sign-On – Provides end-users with convenience and uncompromising security through true SSO capabilities.
- Report Builder, powered by the Quantivate GRC Insights engine – Quickly create vendor management reports and data visualizations
- Optional Deployment and Consulting Services – Save time and effort with optional vendor due diligence and contract review services.
- Manage vendors throughout the entire vendor lifecycle.
- Enforce vendor risk management policies and controls to ensure regulatory compliance.
- Save time, effort, and costs by reducing resources and expenses required to perform vendor oversight.
- Deliver complete information to senior management for strategic decision-making.
- 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 increase efficiency.
- Centralize reporting for improved decision-making and resource management.
Benefits
GRC Software Suite
GRC Solutions
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Quantivate, an Ncontracts Company
214 Overlook Circle
Suite 270
Brentwood, TN 37027
Phone: 800.969.4107
Online: Contact Form
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