VendorRisk

VendorRisk, developed by Skeey Interactive LLC, is a vendor management software solution designed to streamline vendor relationships for mortgage companies, banks, credit unions, nonprofit organizations, and various other industries. According to the vendor, this software offers a range of features and functionalities to effectively manage vendors, contracts, due diligence reviews, risk assessments, performance reviews, on-site visits, incident tracking, asset management, vendor selection, surveys, complaint tracking, and more. It aims to provide a user-friendly interface and customizable options for professionals in mortgage companies, banks, credit unions, nonprofit organizations, and any industry requiring efficient vendor management solutions.

Key Features

Vendor Management: According to the vendor, VendorRisk allows users to track and manage vendor relationships by creating unlimited vendor statuses, segmenting vendors by various criteria, storing all vendor-related documentation in one place, integrating with Argos Risk for vendor scores, and managing unlimited mailing addresses per vendor.

Contract Management: The software enables users to streamline contract management by tracking unlimited contracts per vendor, specifying parent and sub-contracts, setting contract dates and notice requirements, automatically renewing contracts, tracking costs associated with contracts, and entering service level agreement (SLA) terms.

Due Diligence Reviews: VendorRisk provides the ability to conduct thorough due diligence reviews by creating unlimited diligence forms, crafting complex questionnaires for vendors, allowing vendors to complete questionnaires in the Guest Portal, assigning review committees for final approval, and using advanced form logic for streamlined completion.

Vendor Risk Assessments: According to the vendor, the software allows users to assess vendor risks effectively with unlimited risk forms and risk levels, multiple types of risk assessments, automatic risk triggers based on answers, review committee assignments for final approval, creation of remediation requests for assessment items, and use of advanced form logic for streamlined completion.

Performance Reviews: The software offers the ability to gain insights into vendor performance by viewing performance trends, integrating with incident tracking for comprehensive reviews, creating unlimited performance forms, crafting complex questionnaires for performance reviews, assigning review committees for final approval, and allowing vendors to view their performance reviews in the Guest Portal.

On-Site Reviews: VendorRisk enables users to conduct on-site reviews efficiently by creating unlimited on-site forms, crafting complex questionnaires for on-site reviews, allowing vendors to complete questionnaires in the Guest Portal, assigning review committees for final approval, creating remediation requests for questionnaire items, and using advanced form logic for streamlined completion.

Incident Tracking: The software provides the ability to effectively track and manage vendor-related incidents by assigning ownership to incidents, sending incident response forms to vendors, and creating unlimited incident response forms.

Asset Management: According to the vendor, VendorRisk streamlines asset management by using individual modules based on deliverable type (services, software, hardware), specifying deliverables provided by vendors, tying deliverables to specific contracts, and creating custom fields for deliverable information.

Vendor Selection: VendorRisk aims to simplify vendor selection processes by inviting vendors to respond to the RFP, entering vendor responses into a scorecard, and creating custom fields for vendor selection projects.

Surveys: According to the vendor, VendorRisk allows users to gather valuable information through unlimited surveys and questionnaires, sending them to internal users, vendor contacts, or anyone with the URL, and viewing all survey responses on one page.