WOODINVILLE, Wash., Oct. 16, 2015 /PRNewswire/ -- Quantivate, a leading provider of SaaS Governance, Risk, and Compliance (GRC) solutions, has released a significant upgrade to its Vendor Management Module that streamlines the vendor management process. In addition, the company has launched new Vendor Management Services for existing and new customers.
The Vendor Management software upgrade from Quantivate offers a host of new features that significantly simplifies the vendor management processes. These features eliminate manual tasks that were once time consuming and expensive.
The software update contains a wealth of new features that reduce the overall cost and effort needed by Vendor Managers to perform vendor due diligence and manage vendor relationships. Along with updated existing features several new features include:
- Dynamic and Prebuilt Workflows: Configurable workflows to automate tasks, build pages and questionnaires to gather due diligence information from external third parties, and automate approvals. Pre-Built workflows include: Vendor Analysis, Vendor Termination, Vendor Questionnaires, Vendor Incident Polling, Contract Reviews and more.
- Self-Service Portals: Combining dynamic workflows and temporary user account functionality, users can create portals for vendors, suppliers, and other third parties to manage their own information and documentation.
- New Vendor Analysis: Gives the ability to perform cost/benefit analysis, in-house versus outsourcing and more when vetting vendors.
- Auditor and Executive Dashboards: Provide the information each user type needs quickly without any additional distractions.
"This software release is another example of our continued dedication to our customers in developing software that automates manual activities and reduces the investment in time, effort, and resources in performing mission critical business functions," said Andy Vanderhoff, CEO and Founder of Quantivate.
In addition to its software update, the company has launched new Vendor Management Service options. These services include Vendor Due Diligence Services and Contract Review Services that have multi-tiered options so organizations only need to purchase the services they need.
"Our customers have been asking us to provide a cost effective Vendor Management Service Solution for some time," said Andy Vanderhoff. "Since not all organizations are the same, and one size does not fit all, we designed our service options to meet our customers' needs so they only have to buy the services they really need and want," he added.
Quantivate's Vendor Management software upgrade and services are now generally available to existing and new customers.
Quantivate is a leading provider of SaaS Governance, Risk, and Compliance (GRC) software and service solutions. Founded in 2005, the company now features a full suite of GRC modules including Business Continuity, Vendor Management, Enterprise Risk Management, IT GRC, Internal Audit, and Regulatory Compliance Management. Leading organizations in diverse industries such as Financial Services, Energy and Utilities, Manufacturing, Retail, Government, and Insurance use Quantivate solutions to manage their risk management programs, regulatory compliance and other governance initiatives. Quantivate is headquartered in Woodinville, Washington. For more information visit www.Quantivate.com.