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Vendor Onboarding

Streamline the process of vendor onboarding and pre-contract due diligence to reduce risk exposure

Intelligently Score

Risk of a vendor based on the type of service, access to confidential data, geography, financial viability and other attributes

Mitigate Risks

Through controls, and a process to remediate

Strategically manage

Though setting up one-off or ongoing assessments for each vendor based on criticality

Streamline and assess pre-contract risk analysis for new vendors

  • Enable business users to initiate vendor requests via a simple configurable form that captured details of the vendor and the engagement.
  • Deploy pre-built surveys sending and questionnaires to internal teams for input and evaluation.
  • Segment vendors into different tiers based on risk and other attributes using configurable scoring models.
  • Create workflows to seamlessly get multi department approval/disapproval of the vendor.
Streamline and assess pre-contract risk analysis for new vendors

Conduct detailed vendor due diligence and determine appropriate vendor controls

  • Automatically harvest information from questionnaire responses into a centralized vendor database.
  • Aggregate all vendor documents, policies and information in Vendor360 and get a comprehensive view of the vendor.
  • Set rules and schedules for ongoing assessments and deliverables, after a vendor is approved and active.
  • Track follow-up items, deliverables, and obligations from your initial new vendor evaluation and onboarding.
Conduct detailed vendor due diligence and determine appropriate vendor controls

Evaluate and assimilate new partners, vendors and third-parties with CENTRL’s Vendor360 onboarding process: It’s the better way. Read more about Vendor360, or contact sales about CENTRL’s vendor solutions.

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Resources

Third-Party Risk Management Challenges Facing Your Enterprise: How Automation Mitigates Vendor Risk and Empowers Business Efficiency White Paper

Read our white paper to learn how automation mitigates vendor risk and empowers business efficiency.

Thought Leadership

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Vendor360 - Vendor Risk Management Software Overview - Video

Vendor360, CENTRL’s Vendor Risk Management Software, streamlines the entire process of managing the 3rd party risk lifecycle.

Video

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Streamline Vendor Risk and Third-Party Management - Data Sheet

CENTRL Vendor360 is a simple solution to automate the process of ongoing vendor assessments while maintaining the control of risk and oversight.

Data sheet

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More resources