It’s estimated that 60%-80% of business spend is with vendors. A clear understanding of where your money is going is key to identifying where costs can be reduced.
Providing vendors with their own secure access to relevant records removes the administrative burden from internal teams. Use automation to manage onboarding, compliance and other key processes.
Track all communications and documentation relating to each vendor in a central place. Understand who’s signed documents and when as well as who’s responsible on an ongoing basis.
The use of Balanced Scorecards and scheduled reviews with key personnel are critical to achieving the best results from vendor relationships.
Distributed organisations wanting to standardise their processes and control costs across different geographies, business units and departments
Acquisitive businesses looking to consolidate and streamline their vendors
Companies with significant compliance requirements (eg, Financial Services), who must be able to record and demonstrate compliance to regulators and stakeholders periodically.
All businesses looking to benefit from superior relationships with their vendors and improve their approach to third-party risk management.
"Gatekeeper has quickly become a tool our team relies on and uses every day"Neil Jones - CEO, Location Live
Vendor management software provides a centralised record of all your business's vendors and their key information such as contact names and dates and how much you spend with them.
The benefits of vendor management software include:
Yes. Implementation is priced at 20% of your first year's subscription.
For all plans, new customers are allocated a dedicated account manager and a detailed onboarding plan that is tailored to their requirements.
Plans typically include training sessions, solution configuration and data-import to get you up and running as soon as possible.
For more information on our implementation process, speak to one of our representatives today.
Our Vendor Portal works alongside our core vendor management solution and allows you to delegate access to your vendors so they can self-serve and remove some of the administrative burden from you and your team.
Vendors can register themselves using public forms, completing the necessary information that you require and then be prompted to maintain and update that information periodically.
Need to capture certifications or other compliance documents? Set up automated reminders and let Gatekeeper manage the process for you.
Yes. Gatekeeper is accredited to ISO 27001 and 9001 level for Information Security and Quality Management respectively. We work with business of all types and sizes, including: