Kodiak Hub Features
Integration (19)
Governance, Risk & Compliance
Integrate with GRC software such as GRC Platforms, Audit management, and Policy management
Finance
Integrate with financial solutions such as accounting and ERP systems
Environmental, Quality and Safety Management
Integrate with EHS software such as Environmental Health and Safety and Quality Management Systems (QMS)
Sustainability Management
Manage and monitor compliance with government regulations on environmental standards
Emissions Management
Manage all types of emissions into the environment.
Policy Management
Create, manage, and track policies and procedures within an organization
Risk Management
Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties
Internal Controls Management
Ensure internal objectives and compliance with policies are met
Document Management
Store, manage, and track all electronic documents in a centralized location
Data Management
Ability to handle large datasets
Conflict Minerals Management
Manage the reporting of the use and sourcing of 3TG metals.
Assessment Management
Creation, administration, and evaluation of assessments or tests
Initiative Management
Create and manage internal campaigns to improve company culture or business strategy.
Task Management
Create, manage and track all task activities and progression
Program Management
Process of managing several related projects or business activities to achieve organizational goals
Framework Management
Manage global or internal standards that are designed to measure the impact of business processes or procedures.
Disclosure Management
Create, manage, and publish disclosure statements or reports.
Survey/Poll Management
Create and administer polls and surveys
Compliance Management
Track and manage adherence to policies for any service, product, process, or supplier
Revenue Recognition (3)
Usage Tracking
Track usage per company, custom time period, or contract
Deferred Revenue
Track payments received for products that haven't be delivered yet
Revenue Accrual
Recognition rules to accrue revenue on a daily or monthly basis
Risk Management - Environmental, Social, and Governance (ESG) Reporting (5)
Communications
Facilitate communications with various stakeholders on ESG initiatives
Risk Identification
Help users identify ESG related risks to proactively address them
Risk Assessment
Evaluate the impact of ESG related risks on the company and its ecosystem
Strategic Planning
Define and implement strategies to improve ESG initiatives
Scenario Planning
Develop potential scenarios to identify risks and opportunities
Management (3)
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Approval
Use criteria to add or remove suppliers to/from approved lists.
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Communication
Manage communications with suppliers on multiple channels such as phone or email.
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Documents
Capture and maintain documents related to suppliers and their products or services.
Additional Functionality (62)
Generative AI
Use AI to generate content in the form of text, images, videos, etc.
Billing & Invoicing
Create, manage, and send invoices or bills to customers
Customizable Templates
Pre-designed layouts that can be customized to match preferences and requirements
User Management
Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks
Invoice Processing
Creation, processing, verification, and execution of invoices till the payment is made
Onboarding
Process of familiarizing new clients, stakeholders or employees with the company, a new location, or a service
Search/Filter
Search and filter data across systems to locate required information by entering keywords or certain criteria
Sourcing Management
Negotiate best prices and choose the right vendor for various purchases
Vendor Master Data Management
Create and maintain quality vendor data through data validation, maintenance, and audit trails to ensure proper compliance and sourcing
Procurement Management
Organize and manage all processes/procedures involved in purchasing goods and/or services
Reporting & Statistics
Collection, analysis, and representation of numerical data and generation of reports to understand various patterns
Document Management
Store, manage, and track all electronic documents in a centralized location
Data Visualization
Graphical representation of data
Access Controls/Permissions
Define levels of authorization for access to specific files or systems
Transaction History
Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period
Risk Assessment
Initiate collection and analysis of known risks
Alerts/Notifications
Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges
Offboarding
Closing out contracts by reviewing contract/project completion, finalizing payments, and ensuring terms and compliance as been achieved
Self Service Portal
Online portal through which end users can access the system, manage tasks, or obtain information
Audit Management
Plan, schedule, and execute organization's accounts and assets to ensure compliance with policies and laws
Collaboration Tools
Provides a channel for team members to share media files, communicate, and work together
API
Application programming interface that allows for integration with other systems/databases
Approval Process Control
Manage the process of evaluating documents or requests submitted for approval
Vendor Payment
Process payment to vendor(s) for goods/services received
Third-Party Integrations
Set up connections to third-party platforms to improve business processes
Performance Metrics
A set of indicators that tracks the performance of networks, applications, systems, teams, etc.
Purchase Order Management
Create, send, and track purchase orders and their statuses
Contract/License Management
Track, store, and access client contracts or licenses
Workflow Management
Create, design and manage workflows for repetitive tasks
Compliance Management
Track and manage adherence to policies for any service, product, process, or supplier
Task Management
Create, manage and track all task activities and progression
Supplier Quality Control
Qualify, select, and monitor supply chain partners
Real-Time Monitoring
Active monitoring of systems, applications, or networks
Supplier Web Portal
Integrated online platform shared by businesses and their vendors to exchange information/files and collaborate on projects.
AI Copilot
A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users
Quotes/Estimates
Generate quotes or estimates for customers
Data Visualization
Graphical representation of data
Performance Monitoring
Monitoring and measurement of relevant metrics to assess the performance of IT resources
Import/Export Data
Third-Party Integrations
Set up connections to third-party platforms to improve business processes
Generative AI
Use AI to generate content in the form of text, images, videos, etc.
Activity Dashboard
Dashboard to view the status of ongoing processes, identify current incidents and track past activities
Audit Trail
A record of all activities within the system, including user access, changes made, etc.
Multi-Vendor
Designed for multiple vendors
Alerts/Notifications
Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges
Reporting/Analytics
View and track pertinent metrics to find patterns and gain insights from data
Collaboration Tools
Provides a channel for team members to share media files, communicate, and work together
Customizable Reports
Alter the layout and content of reports
Real-Time Data
Receive data and information in real time
KPI Monitoring
Tracking the status of previously identified performance measurements
Emission Calculations
Measure the output of all types of emissions into the environment.
Environmental Metrics
View and track various environmental indicators including material wastage, energy usage, and carbon footprint
AI Copilot
A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users
Scoring
Automatically calculate score after the assessment
AI/Machine Learning
Software program that continuously adjusts its behavior based on observed data
Customizable Reports
Alter the layout and content of reports
Customizable Dashboard
Alter the layout and content of dashboards
Benchmarking
Compare key metrics for the business against prominent players in the industry
Performance Metrics
A set of indicators that tracks the performance of networks, applications, systems, teams, etc.
Reporting/Analytics
View and track pertinent metrics to find patterns and gain insights from data
Auditing
Examine established processes and records to ensure accuracy, compliance, and policy adherence
Workflow Automation
Streamlining repetitive tasks and activities through automated and predefined workflows
Supplier Information (3)
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Profiles
Create and manage supplier profiles that include contact and pricing information.
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Supplier Qualification
The process of assessing potential suppliers based on required credentials, quality standards, etc.
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Transaction History
Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period
Monitoring (3)
Vendor Performance
Track vendor performance using supplier data such as a history of transactions and contracts.
Notifications
Send alerts and notifications when corrective actions are needed to address supplier risk.
Oversight
Perform ongoing due diligence activities to auto calculate overall risk for each vendor.
Reporting (6)
Templates
Include reporting templates for activities such as audits and vendor evaluation.
Centralized Data
Consolidate data from multiple systems that manage supplier information.
360 View
Provide a 360 view of suppliers which can be shared with internal or external users.
Ratings
Provides ratings to rank companies based on their ESG programs
Investment
Generates reports for existing investors or to attract financing
Public
Creates reports that can be shared with the public, employees, customers, and partners
Agentic AI - Third Party & Supplier Risk Management (2)
Adaptive Learning
Improves performance based on feedback and experience
Decision Making
Makes informed choices based on available data and objectives
Performance (14)
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Evaluation
Allows users to evaluate supplier performance using standard and custom KPIs.
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Selection
Provide features to compare suppliers and choose the best option for various activities.
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Supplier Risk Management
Identify, assess & manage risks that could arise from working with third-party suppliers to protect against disruptions in supply chain
Communications Management
Record and track all relevant internal and external communications
Vendor Master Data Management
Create and maintain quality vendor data through data validation, maintenance, and audit trails to ensure proper compliance and sourcing
Workflow Management
Create, design and manage workflows for repetitive tasks
Document Management
Store, manage, and track all electronic documents in a centralized location
Invoice Management
Captures invoice data and maintains comprehensive records for auditing and reporting purposes
Compliance Management
Track and manage adherence to policies for any service, product, process, or supplier
Contact Management
Manage, organize, and store contact information
Vendor Management
Ability to track and store all vendor-related information, such as contacts, services offered, terms, etc.
Inventory Management
Track and manage inventory levels to maintain proper supply
Procurement Management
Organize and manage all processes/procedures involved in purchasing goods and/or services
Supplier Management
Manage all supplier data and operations
Data Collection (3)
Data Types
Manages quantitative and qualitative data for environmental, social, and governance activities
Data Sources
Combines data from multiple sources such as software solutions, public websites, and spreadsheets
Third Party
Uses data from third party sources such as Bloomberg and DowJones
Risk Control (3)
Reviews
Review vendor contracts and profiles to ensure compliance with regulation and internal policies.
Policies
Manage and enforce internal policies related to vendor risk management and controls.
Workflows
Provide workflows to mitigate risk and escalate issues proactively.
Agentic AI - Vendor Management (1)
Decision Making
Makes informed choices based on available data and objectives
Reporting - Environmental, Social, and Governance (ESG) Reporting (8)
Benchmarking & Competitive Analysis
Provide ESG benchmarking data and competitive analysis functionality
Actionable Insights
Deliver action items to improve ESG initiatives based on historical data
AI-Enabled ESG Reporting
Use AI or GAI technology to optimize ESG management and reporting
Performance Tracking
Monitor the performance of Environmental, Social and Governance (ESG) initiatives over time
Compliance Reporting
Build reports around specific compliance requirements and directives such as CSR and CS3D.
Generative AI
Use AI to generate content in the form of text, images, videos, etc.
Compliance Tracking
Track and report regulatory data to either internal management or external stakeholders
Progress Tracking
Reporting on how each user, task or process has advanced since its initiation
Agentic AI - Environmental, Social, and Governance (ESG) Reporting (2)
Autonomous Task Execution
Capability to perform complex tasks without constant human input
Decision Making
Makes informed choices based on available data and objectives
Risk Assessment (2)
Scoring
Users can assign scores to suppliers based on the estimated risk of doing business with them.
AI
Utilize artificial intelligence to analyze third party risks.