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What is Vendorapp?

Vendorapp emerges as a powerful and fully automated solution designed for the management of vendor and supplier risks, integrating multiple functions such as vendor discovery, continuous risk assessment, contract lifecycle oversight, compliance onboarding, and strategic reporting into an intuitive and user-friendly interface. With its one-click vendor assessments, Vendorapp Intelligence conducts real-time evaluations based on diverse criteria, including sanctions, blacklists, ESG metrics, security posture, exposure risks, and contract availability, all supported by comprehensive global screening databases and a vast repository of 22 million vendor assets. Users can easily search using a name or URL, incorporate their preferred vendors, and receive timely alerts about critical deadlines such as expirations, cancellations, or breaches through an interactive contract calendar. This automated assessment mechanism adeptly combines risk management with operational effectiveness, while the smart contract management feature facilitates the extraction of essential details such as key terms, contract type, value, and renewal or cancellation deadlines from uploaded files. Additionally, the platform's sophisticated functionalities ensure organizations maintain compliance and stay well-informed, solidifying its position as an indispensable tool for contemporary risk management. By providing a seamless experience, Vendorapp not only enhances efficiency but also empowers businesses to make informed decisions regarding their vendor relationships.

What is Proof&Trust?

Over the past six years, we have dedicated ourselves to creating an outstanding algorithm designed for evaluating vendor risk. This algorithm has been meticulously optimized and integrates cutting-edge AI technologies, ensuring unparalleled accuracy and efficiency in operations. Vendors are required to provide documentation and answer 32 straightforward questions that cover various aspects of their operations, compliance, and security measures. Our user-friendly interface allows 95% of vendors to complete the assessment in under 30 minutes, significantly reducing interruptions to their daily operations. The algorithm performs a comprehensive analysis of the evidence and responses submitted by vendors, leveraging AI to identify risks, vulnerabilities, and compliance issues. Subsequently, businesses receive an in-depth report filled with actionable insights and recommendations, which empowers them to make informed choices and take a proactive stance on risk management. This comprehensive strategy not only boosts security but also cultivates stronger collaborations between businesses and their vendors, ultimately leading to more resilient partnerships. Additionally, the continuous feedback loop helps us further enhance the algorithm, ensuring it evolves to meet the changing landscape of vendor risk.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

$149 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Vendorapp

Date Founded

2024

Company Location

United Kingdom

Company Website

www.vendorapp.co

Company Facts

Organization Name

Proof&Believe LLC

Date Founded

2024

Company Location

United States

Company Website

proofandtrust.com

Categories and Features

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