Supplier Risk and Compliance

A typical company will have at least as many suppliers as employees. And those suppliers may be spread across various business units, geographies, and data silos. In fact, it is likely that every single person at an organization will be impacted by a third-party provider in some regard. This is why it’s critical to ensure that the supply base is compliant and that risk is well defined and mitigated. But data management is a considerable challenge; across enterprises, 41% of data is stale (untouched over 3 years) and another 12% of data is ancient (unmodified over 7 years)

Supplier Risk and Compliance

A typical company will have at least as many suppliers as employees. And those suppliers may be spread across various business units, geographies, and data silos. In fact, it is likely that every single person at an organization will be impacted by a third-party provider in some regard. This is why it’s critical to ensure that the supply base is compliant and that risk is well defined and mitigated. But data management is a considerable challenge; across enterprises, 41% of data is stale (untouched over 3 years) and another 12% of data is ancient (unmodified over 7 years)

Supplier Risk and Compliance

A typical company will have at least as many suppliers as employees. And those suppliers may be spread across various business units, geographies, and data silos. In fact, it is likely that every single person at an organization will be impacted by a third-party provider in some regard. This is why it’s critical to ensure that the supply base is compliant and that risk is well defined and mitigated. But data management is a considerable challenge; across enterprises, 41% of data is stale (untouched over 3 years) and another 12% of data is ancient (unmodified over 7 years)

Data silos, complex systems, and manual processes lead to stale data. And stale data leads to risk.

Data silos, complex systems, and manual processes lead to stale data. And stale data leads to risk.

How Vendorful Can Help:

Key Data:

Supplier data that you deem important is configured and tracked.

Monitor Progress:

Reporting for onboarding status across the entire supply base.

Robust Filtering:

Search, sort, and filter to identify suppliers who meet defined criteria.

Self-Service:

Self-serve portal for supplier onboarding with API support to push/pull data from other systems.

Automated Refresh:

Expiration management and automated prompts for data refresh.

Pass Audits:

Fly through 3rd-party audits with information at your fingertips.

How Vendorful Can Help:

Key Data:

Supplier data that you deem important is configured and tracked.

Monitor Progress:

Reporting for onboarding status across the entire supply base.

Robust Filtering:

Search, sort, and filter to identify suppliers who meet defined criteria.

Self-Service:

Self-serve portal for supplier onboarding with API support to push/pull data from other systems.

Automated Refresh:

Expiration management and automated prompts for data refresh.

Pass Audits:

Fly through 3rd-party audits with information at your fingertips.