About VendorRisk
VendorRisk is a vendor management software platform from Skeey Interactive that helps banks and credit unions manage their vendors and contracts. It combines managed services, vendor risk assessments, and diligence reviews so organizations can efficiently oversee their vendor relationships. VendorRisk supports the complete vendor lifecycle management process, providing tools to facilitate better decision-making and compliance. With capabilities that include contract management - risk assessment - compliance tracking - vendor performance monitoring - due diligence reviews, the software ensures that financial institutions can navigate vendor risks effectively. Best for: banks and credit unions that need comprehensive vendor management solutions.
VendorRisk by VendorRisk is a comprehensive software solution designed to streamline contract management, vendor management, and risk management processes. One of its standout features is its vendor risk assessment capabilities, which allows users to assess and monitor the risk associated with their vendors effectively. The user interface of VendorRisk is intuitive and user-friendly, making it easy for users to navigate and access the key features of the software. The design elements are clean and visually appealing, enhancing the overall user experience. Users can easily access important data and information, such as vendor contracts, risk assessments, and compliance documents, with just a few clicks. One of the core functionalities that sets VendorRisk apart from its competitors is its automated risk assessment processes. The software uses advanced algorithms to analyze vendor data and identify potential risks, enabling users to make informed decisions quickly. Additionally, VendorRisk offers customizable reporting features, allowing users to generate detailed reports on vendor performance and risk levels. In terms of performance, VendorRisk excels in speed, efficiency, and reliability.
Pros & Cons
- +Simple User Interface – Easy to navigate for non-technical users.
- +Built for Risk Compliance – Tailored to meet industry regulations.
- +Good Customization – Adaptable forms and workflows.
- +Audit-Ready Logs – Transparent tracking for compliance reviews.
- +Affordable for Mid-sized Firms – Offers essential features without bloated costs.
- −Outdated UI for Some Users – Interface may feel dated compared to modern tools.
- −No Mobile App – Access is only through web browsers.
- −No In-App Marketplace – Limited ability to expand functionality.
- −Reporting Can Be Basic – Visualizations and analytics are not as advanced as competitors.
Features
Key features
- Centralized Vendor Database – Store and manage vendor profiles in one place.
- Automated Vendor Risk Assessments – Evaluate vendor risk with built-in tools.
- Task Management – Assign and track vendor-related tasks.
- Document Repository – Upload and organize vendor contracts and certifications.
- Audit Trail – Maintain a log of changes and actions for accountability.
Additional features
- Vendor Onboarding – Simplifies and automates the process of adding new vendors.
- Questionnaire Management – Send and collect custom risk questionnaires.
- Compliance Monitoring – Tracks compliance with internal policies and regulations.
- Email Notifications & Alerts – Automated reminders for vendor reviews and tasks.
- Reporting & Dashboards – Visual reporting tools to monitor risk and compliance.
- Vendor Tiering – Classify vendors by risk level or importance.
- Due Diligence Tools – Upload evidence and score vendors on key risk factors.
- Contract Management – Manage key contract dates and documentation.
- Calendar Integration – Sync tasks and due dates with external calendars.
- Audit History – Log of every user action for compliance purposes.
- Risk Scoring – Automatically generate scores for vendors based on assessment responses.
- Custom Fields & Forms – Tailor vendor profiles to your organization’s needs.
- User Roles & Permissions – Customize access based on user roles.
- Cloud Access – 100% web-based, available from any device with internet.
Pricing
Annual plans
Starter
USD 6,000
≈ USD 500/mo when billed annually
≈USD 500.00/mo when billed annually
Countries & Languages
Available in
Interface languages
Billing currencies
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About VendorRisk
VendorRisk is a vendor management software platform from Skeey Interactive that helps banks and credit unions manage their vendors and contracts. It combines managed services, vendor risk assessments, and diligence reviews so organizations can efficiently oversee their vendor relationships. VendorRisk supports the complete vendor lifecycle management process, providing tools to facilitate better decision-making and compliance. With capabilities that include contract management - risk assessment - compliance tracking - vendor performance monitoring - due diligence reviews, the software ensures that financial institutions can navigate vendor risks effectively. Best for: banks and credit unions that need comprehensive vendor management solutions.
VendorRisk Details
VendorRisk's In-App Market Place
Does VendorRisk have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Plans
Annual plans
Starter
USD 6,000
≈ USD 500/mo when billed annually
≈USD 500.00/mo when billed annually
Accepted Payment Currencies
Usd ($)
Pros & Cons
- Simple User Interface – Easy to navigate for non-technical users.
- Built for Risk Compliance – Tailored to meet industry regulations.
- Good Customization – Adaptable forms and workflows.
- Audit-Ready Logs – Transparent tracking for compliance reviews.
- Affordable for Mid-sized Firms – Offers essential features without bloated costs.
- Outdated UI for Some Users – Interface may feel dated compared to modern tools.
- No Mobile App – Access is only through web browsers.
- No In-App Marketplace – Limited ability to expand functionality.
- Reporting Can Be Basic – Visualizations and analytics are not as advanced as competitors.
VendorRisk's Support Options
Email Address
support@vendorrisk.comContact
+1 800-897-5810VendorRisk's Alternatives
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