At Valenta, our third party vendor management service is a full suite end-to-end offering that will support and mitigate risk for your business long-term. Our goal is to provide the support you need to manage vendors on an ongoing basis; not just during the initial risk assessment phase. At Valenta our specialist consultants will select vendors based on a strict criteria, negotiate contracts based on organizational parameters; including cost controls, minimize vendor related risk, and even terminate contracts if required.
We take the stress out of ongoing management by ensuring that your vendors continue to comply with your risk ratings, and reassessment conducted when and if required. Through a specialist team of consultants with extensive global experience, and smart automation technologies, Valenta is able to provide the support, guidance and peace-of-mind for your business on an ongoing continuum.
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
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.
