VendorRisk

Vendor Relations Enabler is Vendor Relations Management system that delivers a flexible, cohesive platform for enabling, engaging, and evaluating an organization’s vendors. It provides a complete view of vendor activity and performance, including a vendor portal, scorecards and self-registration. VR Enabler is a web based system designed to automate collaboration and management of information exchange between buyer organization and its vendors and provide tools to evaluate and manage vendors more effectively. The Vendor Registration functionality automates the collection of vendor information including detailed capabilities of the vendors and the on-going maintenance of such vendor profile data. The Vendor Registration aims to reduce the cost and effort for all parties in the registration process and provides an up-to-date industry-specific vendor list. The information procured during vendor registration caters all the basic information requirements of all departments.

Vendorful offers a suite of solutions for e-sourcing and vendor management. From vendor (supplier) selection to contract renewal, the platform simplifies complex processes, eliminates “busy work,” and reduces risk while delivering strong ROI. Modules include e-Sourcing, Reverse Auctions, Vendor Management, Vendor Scorecarding, Contract Administration, and Compliance Questionnaires. The product’s point-and-click interface and automated data aggregation quickly replaces cumbersome Excel spreadsheets and shared drives. And, as an API-first product, Vendorful can integrate into a range of other systems including, but not limited to, e-procurement applications, finance systems, ERPs, e-signature solutions, single-sign-on systems, and third-party risk applications. Offered in public and private cloud configurations, Vendorful serves SMEs and enterprises across verticals including Financial Services, Not-for-Profit, Higher Education, Retail, and more.