HQVM is an authorized re-seller of VendorRisk software and can support Lenders in selecting the level of service that is right FOR them.
Software Modules:
- Vendor Management
- List all your vendors, their status & address info
- Unlimited contacts per vendor
- Upload 3rd party & insurance policy documents
- Contract Management
- Keep track of termination dates
- Receive multiple reminders prior to termination
- Upload unlimited contract-related documents
- Vendor Risk Management
- Assess risk using questions & answers or a risk matrix
- Assign each vendor a risk level
- Review committees can approve/reject a submitted review
- Due Diligence Reviews
- Collect info & documentation from vendor during the on-boarding process
- Allow the vendor to upload their responses themselves
- Review committees can approve/reject a submitted review
- Performance Reviews
- Vendor owner completes a questionnaire
- View any incidents/SLA violations the vendor had during review period
- Review committees can approve/reject a submitted review
- Vendor Incident Tracking
- Track details of a vendor incident
- Determine if the incident breaches the contract’s SLA
- Serves as valuable documentation during contract renewal negotiations
- Vendor Selection Management
- Tracks what vendors are being considered for a project
- Allow prospective vendors to view RFP and reply online
- Enter RFP responses to determine scorecard winner
- Service & IT Asset Management
- Track the actual deliverables provided by a vendor
- Can serve as IT asset inventory tool
- Individual deliverables can have their own risk assessment