Name: VendorRisk
Author: Skeey Interactive

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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.

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VendorRisk

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

Skeey Interactive

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Integration with other Systems

Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.

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VendorRisk

Overview

What is VendorRisk?