Name: Vendor Management System
Author: Covendis Technologies

Communications Outsourcing

Help Desk

Web and Video Conferencing

Customer Support

Innovation Management

Development

Business Intelligence (BI)

Collaboration

Enterprise Feedback Management

Interactive Voice Response (IVR)

Manufacturing Execution

Payment Facilitation

Supply Chain Management

Enterprise

Accounting

CTRM

Corporate Performance Management (CPM)

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Course Authoring

HR Compliance

HR Management

Payroll

Professional Employer Organizations (PEO)

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Enterprise Flash Array Storage

File Sync and Share

Fraud Detection

High Availability Cluster

In-Memory Databases

Integration Platform as a Service (iPaaS)

Internet Security

Network Operating Systems

Network Performance Monitoring

Remote Monitoring and Management

SaaS Management

Software Defined Storage (SDS)

Threat Hunting

User Virtualization

Wireless LAN

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Digital Signage

Email Deliverability

Email Marketing

Graphics

Headless CMS

Marketing Automation

Online Reputation Management

Retail Media Advertising

Social Media Management

Social Media Publishing

Survey & Forms Building

Technology Review

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Intrusion Detection

Security

Auto Repair

Building Information Modeling (BIM)

Construction Management

HIPAA Compliance

Homeowner's Association (HOA) Management

Insurance Agency Management

Investment Portfolio Management

Law Practice Management

Legal Billing

OSS/BSS (Operations Support/Business Support)

Retail Analytics

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Priority Matrix

Appfluence

eMeetingsOnline

FastPIPE

FastEST, Inc.

ReportsNow

AspenOne Supply Chain Management

Aspen Technology

Crowdtap

Document Locator

ColumbiaSoft

Frosmo

Frosmo Ltd

Azurepath

Azurepath, LLC.

Aras PLM

Aras Corporation

Covendis' Vendor Management System (VMS) is designed to streamline and automate the Source-to-Pay process for milestone and deliverable SOW work. This platform is targeted towards mid-sized to Fortune 500 organizations in various industries, including IT services, engineering services, consulting services, marketing services, and healthcare services.

## Key Features

**Intuitive VMS Platform**: According to the vendor, Covendis' VMS platform is a web-based solution that aims to streamline, standardize, and automate the Source-to-Pay process for milestone and deliverable SOW work. The vendor claims it provides increased visibility, control, and potential savings.

**SOW Management**: The Covendis system allows companies to upload Milestones and Deliverables from standard project management tools or use their own templates. It supports the entire requisition to payment process in a closed loop environment, which may facilitate change order management.

**Contingent Labor Management**: According to the vendor, Covendis enables companies to create requisitions for temporary workers efficiently. The system allows for posting requisitions to chosen suppliers or managing them through Covendis. It claims to offer candidate review, negotiation of final details, onboarding, management, and payment functionalities.

**Managed Services**: Covendis offers a suite of a-la-carte procurement and financial solutions. These services include vendor sub-tiering, invoice consolidation, vendor management, rapid sourcing, and a proven VMS technology. The vendor claims that these services aim to help clients achieve potential cost savings, transparency, and efficiency in their contingent workforce goals.

**Advisory Services**: Covendis provides advisory services to help organizations improve their current program or build a roadmap for a new solution. The advisory team, comprised of experts from global suppliers, buyers, and consulting organizations, offers a comprehensive view to optimize the program. They claim to be able to produce a comprehensive roadmap with recommendations and ROI within 2-3 weeks.

**Payment Services**: According to the vendor, Covendis collaborates with clients to provide creative vendor payment strategies. Their Pay-Me-Now program offers accelerated payment schedules to suppliers under a shareable discount structure, leveraging clients' assets while potentially providing improved payments to suppliers.

**Vendor Sub-Tiering**: Covendis' sub-tiering program aims to simplify invoicing and troubleshooting inquiries by reducing the number of vendors from hundreds or thousands to just one. The vendor claims that this can result in significant operational benefits.

Simple plan

ProcurementExpress.com

Periscope Source (formerly BidSync) is a suite of e-procurement software now owned and supported by Periscope Holdings in Austin, Texas since the December 2014 acquisition.

State

Regional

National

periscope S2G

Vendor Management System

Procurement software automates the process of purchasing materials and replenishing inventory. Central to it is electronic purchase ordering and approvals, as well as invoicing and bill payment. The software includes vendor management for competitive pricing and service and vendor follow-ups. Procurement is an essential component of supply chain management and may be available via supply chain management suites.

Procurement

Covendis Technologies

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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Vendor Management System

Overview

What is Vendor Management System?