SRM & TPRM Platform by Enlighta logo

SRM & TPRM Platform by Enlighta

by Enlighta · Since 2002
No reviews yet
ActiveAvailable globallyCloud
Quick facts
VendorEnlighta
Year launched2002
StatusActive
Location111 Deerwood Road, Suite 200, San Ramon, CA 94583
Countries servedGlobal
Languages1
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About SRM & TPRM Platform by Enlighta

SRM & TPRM Platform is a vendor risk management software from Enlighta that helps organizations manage supplier relationships and third-party risk. It combines risk assessment, compliance management, and performance monitoring to support informed decision-making regarding vendor risks. The platform allows users to evaluate potential and existing suppliers, ensuring that all necessary compliance and risk data are considered. It also provides tools for continuous vendor performance tracking, helping organizations maintain oversight over their supplier ecosystem. Key capabilities: risk assessment compliance management performance monitoring supplier evaluation reporting tools Best for: organizations that need to manage and mitigate risks associated with third-party vendors.

The SRM & TPRM Platform by Enlighta is a robust contract management software designed to streamline supplier and third-party risk management. It provides businesses with tools to assess, manage, and mitigate risks associated with vendors, contractors, and other third-party entities. The platform enables organizations to track and manage contract terms, obligations, and performance metrics, ensuring compliance with legal and regulatory standards. With automated workflows for contract approvals, renewals, and amendments, it reduces administrative overhead and minimizes human error. Additionally, the software includes a supplier performance evaluation module, helping businesses assess the reliability of their partners. Advanced analytics provide insights into potential risks and offer recommendations for improvement, making it a valuable tool for organizations seeking to optimize vendor management processes. The user interface of the SRM & TPRM Platform is designed to be intuitive and user-friendly, allowing seamless navigation through various contract management functionalities. Users can customize their landing page and dashboards to monitor aspects such as risk, compliance, spend, forecasts, scorecards, and service levels.

Pros & Cons

Pros
  • 1. Offers rapid deployment of their TPRM solution.
  • 2. Provides a highly adaptable and scalable platform.
  • 3. Boasts a broad and deep set of functionalities.
  • 4. Is designed to be very easy to get started with self-service.
Cons
  • 1. Requires integration with leading enterprise SaaS systems.

Features

Key features

1. Rapid Deployment of TPRM solution with AI-infused SaaS suite

This indicates a quick implementation process leveraging Artificial Intelligence to enhance the Third-Party Risk Management capabilities within a Software as a Service model.

2. Highly Adaptable & Scalable Supplier & Third-Party Engagement Platform

The software can adjust to different business needs and can handle a growing number of suppliers and third parties.

3. Contract Analysis & Supplier Governance using Machine Learning, AI & NLP

This feature uses advanced technologies like Machine Learning, Artificial Intelligence, and Natural Language Processing to analyze contracts and improve supplier governance.

4. Holistic approach covering the entire vendor lifecycle

Enlighta manages all stages of the vendor relationship, from initial demand to ongoing governance and performance management.

5. Integrates with leading enterprise SaaS systems

The platform can connect and work with other popular business software like CLM, ERP, GRC, and VMS tools, ensuring data consistency and streamlined workflows.

6. External data feeds for Company, Market, ESG, & Compliance data enrichment

The software incorporates external data to provide richer insights into companies, market trends, environmental, social, and governance factors, and compliance requirements.

Additional features

1. Rapid Deployment of TPRM solution with AI-infused SaaS suite

This indicates a quick implementation process leveraging Artificial Intelligence to enhance the Third-Party Risk Management capabilities within a Software as a Service model.

2. Enterprise-class solution that adapts to your business needs at scale

The software is designed for large organizations and can adjust to different business requirements while handling significant growth.

3. Increase Business Value From Vendor Relationships & Reduce Value leakage

Enlighta aims to help businesses maximize the benefits from their vendor partnerships and minimize any loss of value.

4. Highly Adaptable & Scalable Supplier & Third-Party Engagement Platform

The software can adjust to different business needs and can handle a growing number of suppliers and third parties.

5. Contract Analysis & Supplier Governance using Machine Learning, AI & NLP

This feature uses advanced technologies like Machine Learning, Artificial Intelligence, and Natural Language Processing to analyze contracts and improve supplier governance.

6. Integrates with leading enterprise SaaS systems for CLM, ERP, GRC & VMS Tools

The platform can connect and work with other popular business software like CLM, ERP, GRC, and VMS tools, ensuring data consistency and streamlined workflows.

7. External data feeds for Company, Market, ESG, & Compliance data enrichment

The software incorporates external data to provide richer insights into companies, market trends, environmental, social, and governance factors, and compliance requirements.

8. Covers the entire vendor lifecycle

Enlighta manages all stages of the vendor relationship.

9. Vendor demand identification

The software helps identify the need for new vendors.

10. Vendor selection

The platform assists in choosing the right vendors.

11. Risk management

Enlighta helps in identifying, assessing, and mitigating risks associated with vendors.

12. Vendor contract management

The software manages all aspects of vendor contracts.

13. Vendor performance

The platform allows for tracking and evaluating vendor performance.

14. Vendor governance

Enlighta facilitates the oversight and management of vendor relationships.

15. Streamlines operations

The software aims to make vendor management processes more efficient.

16. Reduces costs

Enlighta helps in lowering expenses related to vendor management.

17. Enhances risk management

The platform improves the overall management of vendor-related risks.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
10
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇨🇭CHF🇯🇵JPY🇮🇳INR🇨🇳CNY🇸🇬SGD

No reviews yet

Be the first to drop a review

Alternatives to SRM & TPRM Platform by Enlighta

Definely Draft logo

Definely Draft

Definely Draft is a drafting software from Definely that supports all stages of active drafting.…

Velocious Supplier Portal logo

Velocious Supplier Portal

Velocious Supplier Portal is a cloud-based software from Velocious that supports supplier management and communication.…

Accept360 logo

Accept360

An AI-native contract lifecycle management platform that digitizes and structures contracts to automate workflows, ensure…

Devensoft logo

Devensoft

Devensoft is a comprehensive M&A platform for managing the entire deal lifecycle. It supports pipeline…

Trac logo

Trac

Trac is a project management software from Edgewall Software that helps teams track and manage…

Integral-LIS logo

Integral-LIS

Integral-LIS is a laboratory information system software from ENKON Information Systems Inc. that supports laboratory…

Spot something wrong or outdated?

Suggest a correction — a reviewer verifies every change.

Often compared with SRM & TPRM Platform by Enlighta

Compare any two tools →
Definely Draft logo
Definely Draft
Contract Management
0.0
Velocious Supplier Portal logo
Velocious Supplier Portal
Procurement
0.0
Accept360 logo
Accept360
Contract Management
0.0
Devensoft logo
Devensoft
Contract Management
0.0