In today's comprehensive, complex and competitive business environment, vendors play a key role in making your business processes successful. However, no organisation can afford to rely on them completely due to the risky nature of this relationship.
We understand that to ensure third-party products and services comply with laws, regulations, and security best practices of your company, you need to have a system in place, and therefore offer an all-inclusive Vendor Management system.
Our Vendor Management System can help you to:
- Prepare your company for upcoming audit
- Keep all your vendor and contract information consolidated at a single place
- Prevent loss of information or items slipping through cracks
- Decrease cost of inventory management
- Receive email alerts well ahead of time regarding terminations, expirations and renewals
- Manage time better by rightly identifying the most suitable vendor
- Identify poor vendor performance and prevent non-profitable contracts
- Perform vendor risk assessment and complete their reviews
- Streamline your vendor selection process
- Track vendor related incidents
- Manage your services and IT assets
Our solution is cost-effective and highly flexible which delivers the performance you need to manage your vendors. To know more on its regulatory compliance, risk management, and cost performance features, feel free to get in touch with us.