VIVE

VIVE Vendor Compliance and Management is a solution designed to simplify, protect, and enhance vendor compliance and management for businesses. This software is specifically tailored for small to large-sized management companies operating in professions and industries such as property management, real estate management, homeowner association management, facility management, and construction management.

Key Features

Simplify, Protect, and Grow Vendor Compliance and Management: According to the vendor, VIVE Vendor Compliance and Management aims to simplify the complex process of vetting vendors, ensure compliance, and protect assets under management, while also offering solutions to help businesses grow.

Track Performance Metrics: The vendor claims that this software allows businesses to continuously monitor and track performance metrics to ensure optimal service. Feedback from clients, vendors, and insurance agents can be gathered to assess satisfaction and improve the vendor compliance and management process.

Vendor Screening: According to the vendor, VIVE Vendor Compliance and Management enables businesses to quickly source vendors based on trade, location, ratings, and other criteria. The software also provides efficient access to critical vendor information across the entire workforce, streamlining the process of finding and vetting vendors.

Tiered Vendor Screening: The vendor states that this feature allows businesses to set compliance parameters by site location, trade type, and other factors. It claims to enable businesses to tailor the level of risk mitigation based on job tasks and ensure different levels of vendor screening to meet specific requirements.

Vendor Portfolio Management: According to the vendor, VIVE Vendor Compliance and Management provides a centralized view of the vendor portfolio, allowing businesses to efficiently monitor and manage vendor performance. The software offers integration with leading accounting software platforms for seamless management.

QuickSource Bids (RFPs): The vendor claims that businesses can plan and fulfill work needs quickly with VIVE's QuickSource Bids feature. It allows for the management of the bidding process, including a permanent proposal and bid archive, bid submission notices and reminders, and easy access to attached RFP and bid documents.

Document Management: According to the vendor, VIVE Vendor Compliance and Management offers a centralized platform to manage and store all vendor-related documents. It allows businesses to create a virtual data room for vendors and store important documents such as vendor agreements, W-9 forms, insurance certificates, and contracts.

Vendor Ratings: The vendor states that this feature enables businesses to conduct simple question surveys to rate vendor performance. Ratings are averaged across all client users for objective evaluation, and businesses can easily sort and search vendors based on ratings. Access to rating details aims to support informed decision-making.

Contract Management: According to the vendor, VIVE Vendor Compliance and Management allows businesses to upload and store vendor contracts for easy access. It offers system-generated contract renewal and termination notices, contract data report generation, and email alerts for efficient contract management.

Vendor Spotlight: The vendor claims that this feature enhances visibility for valued vendors. It allows businesses to promote vendors that support their operations, assign ranks to valued vendors, augment partner vendor programs, and increase visibility in vendor search results.