For Compliance, Risk, and Governance teams
Gain control and efficiency with our comprehensive dashboard
Effortlessly centralize document and file management securely
Organize and streamline activities with automated scheduling calendar
Empower compliance with timely notifications, alerts, & deadline tracking
Ensure timely response, accountability, and risk mitigation through escalations
Gain compliance control, mitigate risks, & save time with framework library
Streamline assessments. enhance collaboration, ensure compliance.
Strengthen accountability, compliance, and transparency with audit logs
See our platform in action for free. No credit card required!
Efficiently manage GRC using your everyday tools
The Ultimate Agile Solution for Compliance Teams
Goin 360-degree visibility with intuitive compliance dashboard
Stay informed and proactive w ith notifications & alerts
Simplify file and document management with ease
Automate compliance workflows for seamless efficiency
Streamline compliance with customizable framework library
Enable collaboration across locations, departments, and teams
Centralize compliance work for streamlined efficiency
Goin actionable insights with robust reporting feature
The Essential Solution for Empowered Risk Managers
Identify and track risks using the centralized risk register
Enable collaboration across stakeholders for better resolution
Streamline risk assessment with process automation
Enhance risk visibility with intuitive and centralized dashboard
Establish connection across teams, departments, and locations
Elevate risk awareness through proactive notifications
Manage files & evidence centrally for efficient control
Enhance decision-making with actionable risk insights
An Unparalleled Solution for Policy Management Teams
Efficient policy distribution through central repository
Streamline policy drafting and lifecycle management for simplicity
Simplify compliance with comprehensive policy templates
Simplify policy management with efficient version control
Accelerate policy approvals with automated processes
Collaborate seamlessly with cross-functional teams
Effortlessly measure policy training effectiveness with assessments
Manage policy life cycle with automated reminders and notifications
The Complete Solution for Empowered and Efficient Audit Teams
Maintain transparency and accountability with audit trails
Organize and streamline audit with automated scheduling and calendar
Centralize audit files for streamlined evidence collection and management
Stay informed with proactive audit activity notifications & alerts
Streamline audit assessments for comprehensive compliance
Bring audit plans, activities into the single space for complete control
Simplify audits with automated workflow efficiency
Gain 360-degree visibility with intuitive Audit dashboards
Empowering success through streamlined compliance, risk, and governance solutions
Empower your business with simplified regulatory compliance solutions
Empower your enterprise by elevating risk management practices
Transform GRC operations for optimized efficiency and effectiveness
Mitigate risks with seamless third-party risk management
Check out our comprehensive guides for seamless management!
Empower your business with pre-built customizable regulatory and control frameworks
Achieve quality success through ISO 9001 Framework
Deliver compliance excellence with the power of SOX framework
Simplify your security approach with ISO 27001 framework
Navigate cybersecurity excellence with NIST framework compliance
Promote data security through compliance with PCI DSS framework
Unlock trust and security with SOC 2 framework for compliance
Empower your industry with unmatched effectiveness and efficiency
VComply for the Financial Services Industry
VComply for the Manufacturing Industry
VComply for the Banking Industry
VComply for the Non-Profit Industry
VComply for the Higher Education Industry
VComply for the Food & Beverages Industry
VComply for the Healthcare Industry
VComply for the Construction Industry
Stay connected and grow alongside VComply
Stay informed on compliance, risk, audit, and policy management trends
Streamline work with comprehensive guides for seamless management
Navigate complex GRC challenges with valuable e-books
Discover user stories for valuable insights into user-experiences
Access comprehensive definitions and explanations for essential GRC terms
Gain a comprehensive understanding of the features, benefits, and capabilities
Discover insights from experts on the latest happenings in GRC
Learn tips, tricks, and insights to make compliance work for your organization through our expert webinars!
Utilize our go-to templates and checklists to help you stay compliant
Keep in sync with the latest changes by updated framework templates
Get compliance assistance through VComply compliance checklists
Download policy templates that you use to create guidelines and processes.
Discover the power of VComply through our detailed use case guides
Get to know what make VComply the best GRC platform on the market
Discover VComply's value, mission, and vision for better GRC future
Stay informed about VComply and GRC industrylatest updates
Join VComply, redefine compliance, unleash potential
Know about our partnership program
Get to know our board of advisors
Our legal terms of services and privacy policy
Stay up to date on the latest VComply news
VComply offers unparalleled Sales and Customer Support
Send us your sales queries and let us know your needs
Get 24/7 quick and dedicated support anytime
Lets get social
Follow us on LinkedIn for company updates
Join VComply on Twitter for live updates
With new technologies, business expansion and cost focus, the importance of vendor has increased dramatically in the past few years.
Vendors play a vital role in increasing operational efficiency, improving financial results and customer satisfaction. However, the benefits of efficient vendors come at a cost.
Establishing and nurturing the vendor relationship, monitoring the vendor performance and effective communication channels in both the organization holds the key to effective vendor management.
Vendors play a vital role in increasing operational efficiency, improving financial results and customer satisfaction. However, the benefits of efficient vendors come at a cost. Establishing and nurturing the vendor relationship, monitoring the vendor performance and effective communication channels in both the organization holds the key to effective vendor management.
A strong Request for Proposal (RPF) holds the key for vendor selection. RPF should include the business requirements, value output, and metrics to be measured along with the capabilities and integrations of the vendor required to achieve the business objective.
Plan your selection process with small multiple milestones and timeline. With the plan in place, the selection team would be in a position to communicate the progress well to the top management. Derive the agreed-upon selection criteria of vendors and communicate the same to the top management. Ensure that your vendor presents substantial proof of its capabilities.
The business value and terms of agreements need to capture in a contract and service level agreement (SLA). The contract and SLA are used for onboarding, performance evaluation, and relationship management. The contract should provide a clear mention of the products and services in trade. This will help in establishing compliance activities at both organizations. SLA should establish the agreed-upon expectations for delivery of services and goods. Also ensure to provide protections, recourse against vendor risks.
Effective onboarding of vendors provides a good and time-bound start to vendor relationship. A start-up integration plan needs to be developed and implemented for simplifying the complex coordination system, process, and workforce. Also, the focus should be placed on setting the performance monitoring system during this process. Setup KPIs and build tracking mechanism to promote data-based performance evaluation. Also, setup procedures which need to be followed in times of any vendor crisis.
Setup short term and long term goals for performance evaluation. The parameters for evaluation can be classified into Quality, Time, Satisfaction, Availability, and Coverage. Automate data collection processes and regularly generate reports for tracking the vendor performance. Monitor all the SLA metrics compliance and generate data based actionable reports for further issue resolution.
The time, efforts and resources devoted to building vendor relationship bears fruits in terms of the long-term vendor relationship. Conduct regular and productive meetings with the vendor to build a sense of integration and collaborative relationship. The effective communication channel in both organizations with proper escalation process for hassle-free issue resolution.
The multi-vendor approach uses multiple vendors rather than using a single vendor. For complex supplier interdependencies, set up integration points and standards to be followed. The multi-sourcing system can help business derive extra value but may bring supplier coordination complexities.
For long-term vendor relationship, a smooth contract renewal process is important. Ensuring more clear communication is required in renewal process as it involves significant changes in the contracts. Communicate any issues faced in the expiring contract. Conducting internal assessment would help unearth significant areas of improvement which should be incorporated into the renewed contract.
VComply helps organizations in implementing the vendor management lifecycle with its easy to use GRC platform. Monitoring the vendor KPIs and detailed reports enable better decision making in relation to vendors.
To read more about vendor management, click here
Ready to set up a trial of VComply and automate your compliance process?