Manage Your Vendors Seamlessly with Our Vendor Management Software

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Manage Vital Risks & Relationships With Vendors.

Vendors in today’s complex business environment play an important part in the success of your organization. Relying on vendors, however, brings added risk.

Managing these vital risks and relationships is key to make sure third-party products and services adhere to the security best practices and the applicable laws and regulations.

When it comes to managing critical vendors, it’s no longer enough to rely on word processing tools or spreadsheets, as they no longer meet the growing requirements from investors, customers, and auditors.

Companies should get comprehensive vendor management software that enables them to:

  • Manage and safeguard their resources
  • Maintain long-term and successful relationships with vendors
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Two-Pronged Management Approach

ProcurementPath Vendor Risk Management

This capability makes sure that the suppliers’ use of the program does not have a negative impact on business performance or disrupt company operations.

A program with vendor risk management technology:

  • Supports enterprises that need to manage, monitor, and assess their risk exposure from third-party suppliers.
  • Helps organizations perform due diligence and rate their risk based on the information they have from their vendors versus the data they need.
  • Provides organizations with advanced red flags and analytical trends that identify risks before they negatively affect an enterprise’s business operations.
Vendor Risk Management
Vendor Lifecycle Management

Vendor Lifecycle Management

A software with a vendor lifecycle management solution allows organizations to:

  • Manage vendor lifecycles like a pro.
  • Focus on strengthening and managing vendor relationships

As this solution frees them up from spending huge chunks of their time writing reports, filing documents, and chasing after invoices.

Stave Apps is the right solution for enterprises in search of a comprehensive vendor management solutions that:

  • Provides vendor contract management
  • Risk management
  • Lifecycle management

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Benefits Of A Vendor Contract Management

A vendor contract management solutions offers users the ability to:

Manage Contract Budgets and Expiration Dates

Create Contracts

Attach Electronic Documents & Submit Into The Approval Workflow

Report On The Status Of A Contract

Vendor contract management provides organizations with the visibility into:

  • Invoices
  • Purchase orders
  • Requisitions
Vendor Relationship Management

Gain Competitive Advantage With These Features

For Documents

Software with a vendor contract capability enables companies to access and store contracts from a centralized electronic repository, which is great for both CFOs and buyers. CFOs can view contracts, contract budgets, and all associated expenses while buyers can assign requisitions to vendor contracts.

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Additional ProcurementPath Capabilities

Self-Service

Put your user in control of their procurement experience with intuitive self-service capability

Workflow & Task Management

Assign and automate workflow and taskers to drive accountability

ServiceNow Vendor Risk Management

Fully integrates with ServiceNow Vendor Risk Management

ServiceNow Vendor Performance Management

Fully integrates with ServiceNow Vendor Performance Management

Fully Mobile

Fully mobile user experience is responsive and works across web browsers, phones, tables, and more

Dashboards & Reporting

Dashboards and reports provide key information, insights and reporting

Knowledge & Skills Management

Manage the procurement department skills and knowledge in a centralized repository

ERP Integration

Fully integrates with your ERP and other major systems.

Manage Vendors Seamlessly With ProcurementPath

Our ProcurementPath software allows companies to manage all their vendors seamlessly in a single system. With our solution, you can:

  • Manage any compliance requirements and vendor problems, such as poor service delivery and defective products
  • Score vendor responses to determine offer ratings
  • Come up with an online solution for vendor collaboration to manage individual and company contact details, contracts, proposals, communications, and tasks
  • Automate vendor compliance and onboarding through partial or full vendor service
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Want to learn more about ProcurementPath?