Vendor and Third Party Risk Management Software

 

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 life-cycle.

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.

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.

Capabilities You Need to Succeed

  • Vendor Classification – Understand your inherent risk.
  • Dynamic Workflow Engine – Configure workflows, pages, and questionnaires to gather information from external third parties.
  • Self Service Portals – temporary user accounts to create powerful self-service portals.
  • Digital File Library – For easy storage and access to digital files, contracts, etc.
  • Notifications – Notify specific employees of due dates.
  • Customizable Report Templates – Use prebuilt reports or customize them to fit your needs.
  • Dashboard Layout – “At-a-Glance” status viewing and quick decision-making.
  • Web Based – Easy deployment and automatic updates and maintenance.
  • User Group Security – set employee security levels and assign vendors to specific employees.
  • Auto Back-Up – Keeps your work safe and secure.
  • Audit History Log – Track document changes by employee and vendor.
  • Optional Deployment Services – Save time and effort with optional services.
  • Single Sign-On – Provides end-users with convenience and uncompromising security through true SSO capabilities.
  • Manage vendors throughout the entire vendor life-cycle.
  • Enforce vendor risk management policies and controls to ensure regulatory compliance.
  • Save Time, Effort and Cost 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 increases efficiencies.
  • Centralize Reporting for greater decision making and resource management.

   Benefits

Quantivate Vendor Management Software Datasheet