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Third Party Vendor Management Consulting Solutions

with Ongoing Lifecycle Analysis & Support

Robust Vendor Management frameworks are Important

The significance of implementing a robust Vendor Management framework cannot be overstated. It plays a pivotal role in facilitating effective oversight and control over supplier and third-party vendor engagements, mitigating associated risks along the way. A well-thought-out vendor management strategy empowers businesses to ensure adherence to regulatory requirements, optimize expenditure, streamline operational workflows, and sustain high levels of performance and quality throughout the vendor lifecycle. By teaming up with a trusted vendor management partner like Valenta, organizations can tap into specialized expertise and support, empowering them to confidently navigate the intricacies of vendor relationships. This collaboration also liberates internal resources to focus on core business operations and strategic priorities.

Valenta Vendor Management Expertise.

Valenta’s Third Party Vendor Management services provide businesses with a multitude of benefits. Our holistic approach mitigates risks, ensures compliance, optimizes costs, streamlines processes, delivers ongoing monitoring, and instills a sense of security. Collaborating with Valenta empowers you to concentrate on your core business, while our team of seasoned specialists deftly handles the intricacies of vendor management. Trust in our meticulous vendor selection, contract negotiations tailored to your organization’s parameters, and prompt termination protocols to effectively mitigate vendor-related risks.

Third Party Vendor Management Services in Europe

Valenta’s Third Party Vendor Management Services in Europe revolve around the understanding that vendor management is a continuous process, beginning with a rigorous initial risk assessment phase. Our dedicated team ensures that your vendors consistently adhere to your requirements and risk ratings, conducting regular reassessments as required. Embracing the digital era, we strive to digitalize vendor management processes by harnessing smart automation technologies, streamlining the entire ecosystem. With Managing Partners spread across key European locations, our engagements benefit from local expertise and cultural insights. Explore our comprehensive range of services in this area, and don’t hesitate to contact our Partners to explore how Third Party Vendor Management can catalyze growth and success for your business.

Valenta's Third Party Vendor Management Process


Planning Phase

Critical to the success of vendor management, the planning phase is focused on vendor requirements including scope of work and deliverables and the development of planning checklists to ensure all key stakeholder requirements are met. Digitization of this process can be developed (if not already) to streamline planning. Valenta will create processes to ensure a robust program; for example linking the Expense Request Process (ERP) to ensure it communicates with the third party risk management tool, if appropriate. Further to this, vendor portals or document depositories can add immense value, and reduce this time consuming part of vendor management. Create structures to safeguard the foundation for selection.

Risk Classification

Including both MRA and IRA, Valenta offers world-class resources that can review or setup the most appropriate framework for risk classification. In line with best practices, and utilizing digitization and automation to streamline processes, risk can also be minimized through a highly structured globally proven blue-print. Our risk classification procedures will provide greater transparency, and a more in-depth understanding of risk, in a faster, more efficient way.

Due Diligence and Selection

Offering extensive pre-contract guidance for assessing and managing the dimensions of risk associated with third party relationships. Understand your risk landscape through the due diligence phase and make the right vendor selection.
Due Diligence

Contract Facilitation & Negotiation

Automation will be deployed during the contract facilitation phase, integrated with your lifecycle vendor management process, creating a streamlined and efficient workflow. Engage digital tools that can identify that contract requirements are met, and facilitate all levels of approval, perfect for large and enterprise sized firms.

Ongoing Monitoring & Oversight

Conduct monthly, quarterly or annual vendor audits based on vendor tier, subject to risk rating and a series of organizational requirements. Customized solutions can be developed including a vendor portal to foster interaction between service managers and vendors.

Termination & Exit

Tied back to the contract management phase, a termination checklist is available for ease of reference and an in-depth understanding of vendor contractual requirements. Simplify the process with quickly accessible documentation.

Why Valenta's Vendor Management?

Full lifecycle management

Our end-to-end offering ensures a seamless engagement process where our consultants work extensively with your business to understand opportunity, maintain regulatory compliance and improve process efficiencies. Starting from the planning phase, to risk classification, and then all of the way through the entire vendor life-cycle, we provide the support you need to focus on less tedious tasks

Ongoing Risk Assessment

Risk doesn’t stop upon vendor engagement and neither do we. Our vendor management service will ensure all vendors are monitored continually to ensure that your risk tolerance is maintained across all vendors.


Manually monitoring vendor risk is a tedious and time-consuming task. With automation and intuitive BOTS you can ensure that ongoing vendor risk assessment is conducted consistently, even after vendor engagement. BOTS works 24/7 and make zero errors, ensuring that you are safe-guarding your organizational against risk.

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