Key Modules
Key Modules
Key Modules of VRM
Vendor Management
- Add, edit, delete vendors
- Track vendor risk level
- View vendor history
Assessments
- Create questionnaires
- Send to vendors
- Track progress (Pending / Completed)
Reminders & Notifications
- Automatic reminders for pending assessments
- Alerts for:
- Overdue submissions
- Completed assessments
- Risk detection
Scoring System
- Automated scoring
- Weighted calculations
- Real-time updates
Compliance Tracking
- Tracks vendor against standards
- Shows compliance percentage
Risk Register
- Central list of all risks
- Track status:
- Open → In Progress → Resolved
Document Repository
- Store all vendor documents
- Easy search and retrieval
- AI-based insights
AI Features
- Smart search in documents
- Suggest improvements
- Detect compliance gaps