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Oversight Automation
Set the type and frequency of vendor oversight.
Ensure the required due diligence is completed
Administrators provide the team with a clear, automated outline of what needs to be gathered, reviewed, and completed on vendors based on specific criteria that they can determine based off the organization’s vendor management policy and regulatory expectations.
Increase vendor due diligence efficiency
By automating the process with systematic assignment and scheduling, you can save time on due diligence task designation and speed along the job.
Drive consistency and compliance
By systematically assigning what is required on vendor types, the same level of due diligence is completed for each vendor fitting the defined automation requirements, and shows a trail of that activity.
Create unlimited custom oversight requirements
You can create an unlimited number of custom oversight requirements. Set oversight at the administrator level.
Automate oversight by category or risk
Automate the assignment based off criticality, risk, NPI variables, or category. This creates consistency. For example, each high-risk vendor will have the same number of requirements automatically set up. You can also define the frequency.
Auto-assign task owners when new tasks are scheduled
Set up users or groups to be automatically assigned to certain tasks when they are scheduled.
