Vendor management software, or vendor management systems (VMS), provide a centralized repository for communication, project, and payroll management for businesses employing contingent labor, including vendors, contractors, and freelancers. Vendor management systems oversee the entire vendor relationship—from finding a vendor to submitting timecards and issuing paychecks. This software provides effective communication channels, task management tools, and organizes vendor/contractor payments, expenses, and contracts. All company sizes, industries, and departments that use vendors and employ contractors and/or freelancers can benefit from implementing vendor management software. These tools provide powerful, often cloud-based, solutions that streamline communication and productivity and can be integrated throughout the entire labor ecosystem.
To qualify for inclusion in the Vendor Management category, a product must:
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Scanmarket was founded in 1999 and is one of the worlds most user-friendly Strategic Sourcing platform. Our proven cloud-based solutions are trusted by 300+ customers across more than 80 countries. The secret to our success and longevity is simple: A constant focus on helping our customers achieve their business goals by providing them with the very best strategic sourcing solutions and support in a globally-accessible, easy-to-use platform.
Simetryk is a simple and easy-to-use software that enables to better manage your supplier data, by creating a powerful algorithm that eliminates duplicates and centralizes all your supplier data in a single system. Simetryk also helps you to delegate part of the data maintenance to your suppliers while providing a best-in-class, simple and intuitive user interface.
SMART by GEP is a unified source-to-pay (S2P) procurement software that brings end-to-end procurement functionality for both direct and indirect spend management into a single, cloud-native platform. It features a comprehensive range of procurement tools built into one unified procurement system; eliminating the need for separate, stand-alone software, modules, or tools for managing specific functions. SMART by GEP helps streamline the end-to-end procurement process, accelerating digital transformation, elevating your procurement team’s performance to a whole new level, and enhancing its strategic reach and impact on the business. By unifying the complete range of procurement software functionality into a single platform, SMART by GEP becomes the single global procurement solution for all users — delivering incisive procurement analysis and decisive insights to the CPO, full category-wide control to sourcing managers, and immediately-available catalogs and “consumerized” ordering to buyers. Features of the SMART by GEP Unified Procurement System: AMAZING USER EXPERIENCE Amazing user experience that drives adoption, usage and results DIRECT & INDIRECT Comprehensive procurement platform in a single, unified digital workspace NATIVE TO CLOUD Unrivaled performance, scalability and security ARTIFICIAL INTELLIGENCE Intelligent automation for greater throughput, efficiency and accuracy UNIFIED DIGITAL PLATFORM From source to pay, plan to produce – single code base for optimal performance EASY INTEGRATION Seamless, hassle-free integration with all ERP, F&A and back-end systems DRIVES DIGITAL TRANSFORMATION AI-powered, data-centric open platform fast-tracks digital transformation
Synertrade is an organic cloud-based Source-to-Pay platform that covers the entire purchasing process. A recognized industry leader in Strategic Sourcing, Supplier Relationship Management, and Purchasing Intelligence; Synertrade ACCELERATE offers 34 different applications from Source to Contract, Procure to Pay, and Spend Intelligence. A full suite of digital procurement software solutions that enable businesses to have control and clear visibility of their spend – resulting in lowered costs, increased revenue, and enhanced customer loyalty.
Vendorly helps banks and financial institutions streamline oversight of third-party vendors. We work closely with you to customize vendor management programs, including software to help keep you organized and services to ease your workload. Promotes efficiency, transparency and control across your entire oversight process. Not only can you track all of your vendors in one place, but you can also receive timely alerts and insights into vendor conformity. It even offers a bird’s-eye view into a vendor’s regulatory status, certification, risk level and other variables through a user-friendly dashboard interface.
Vendor Management is a web-based vendor management platform specifically built for community banks and credit unions and allows you to quickly collect key data with a straightforward question-and-answer format. Vendor Management includes customized Reporting and Workflow, access to 7 more Risk Assessments, peace of mind, knowing youre ready for an examiner at anytime, includes the CBANC Toolbox- document management with Workspace, risk assessment catalog, and policy & procedure checklists.
Vendor Management Software is a cloud-base solutiong that helps you manage vendor relationships from all angles by uniting your third-party information with process automation for due diligence, assessments, contract review, performance monitoring and reporting. With Vendor Management Software you can track vendors, subsidiaries, relationship owners, documentation and contacts, perform vendor due diligence and analyze criticality, usage and spend, deliver surveys and risk assessments to external contacts, manage contract review and renewal, coordinate with legal, procurement, compliance and other functions, and monitor key vendor metrics via personalized dashboards and dynamic reports.
Vendor Management Suite is a compliance, vendor management, and CSR product suites that helps companies gather, organize and manage their data to aid in satisfying internal policy requirements and external regulatory requirements. Vendor Management Suite allows companies to leverage this data to meet information security standards, country of origin requirements and ensure suppliers adhere to code of conduct requirements.
VENDX is a software solution that fits painlessly in your procurement organization. This tool very easily prioritizes the Negotiation and Control aspects of the purchase process while making sure that administrative tasks become easier and more thorough. Vendx is a valuable stand-alone tool, but just as smoothly integrates with your existing software environment. You can be up and running with Vendx almost immediately since we need minimum implementation time and very minimal training for the user. Interestingly, to use VENDX your suppliers just require an email id & can start responding on Vendx from the day one most intuitively!
Venminder is the market leader in third party risk management solutions. Through the firm’s software and suite of outsourced services, Venminder has pioneered a new age in vendor management by dramatically reducing the workload essential to meeting today’s demanding regulatory requirements. Venminder’s software organizes all things vendor-related and guides users through critical processes such as contract management, risk assessments, due diligence requirements, questionnaires and more. The firm also offers a popular suite of outsourced due diligence services which includes collecting documents and then assessing them for risk in cybersecurity, information security, business continuity/disaster recovery and financial health.