Vendor Risk Management Simplified
Where opportunity meets vendor risk management.
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VendorINSIGHT™ is a cost-effective, highly flexible solution that delivers the value and performance you need to manage your vendors and contracts consistently with regulatory compliance, improved risk management, and better cost performance. VendorINSIGHT™ is a serviced solution that combines software-as-a-service (SaaS) with dedicated personnel and process support. Meet FDIC, OCC, Federal Reserve, NCUA and other regulators' examination requirements with our vendor risk management features.
Get Organized.
Our full-featured contract management system supports your organization by monitoring your contract terms, expiration dates and many other contract events. Contract owners and risk managers receive contract alerts, market reports, and vendor risk monitoring reports directly to their desktops.
Get Insight.
Your contract owners and purchasing team receive proprietary CMPG market analysis, guidance, pricing trends, and recommendations about your upcoming contract renewals.
Get in Compliance.
VendorINSIGHT™ allows you to use our collaborative, integrated vendor risk assessment template. If you already have a vendor risk assessment, CMPG will review your current risk scoring and assessment methodologies and collaborate with you to make any necessary modifications or create new templates. We also monitor and report critical vendor information on an ongoing basis. Our news and risk monitoring includes more than 40 unique risk alerts.
VendorINSIGHT™ delivers exceptional value by:
- Categorizing your vendors and contracts by their risk classifications
- Monitoring strategic and high risk vendors to better manage risk and regulatory compliance
- Giving you a strategic viewpoint on vendor-related decisions and planning
- Injecting market analysis and trends into your renewal and renegotiation decisions
- Supporting your budget process by analyzing your contract pricing clauses
- Creating a standard record of information about your vendors and contracts
- Providing you with secure on-line access to your documents using our Client Access Portal
- Creating a repository of imaged contracts for your disaster recovery support
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