Vendor Audit Solutions

Many companies are required to undertake vendor audits as part of a wider compliance program. These vendor audits are typically part of a company's internal controls framework, and take the form of periodic vendor assessment, third-party compliance with contract clauses, data center security assessments, and other compliance assessments.

Traditionally, Vendor Audits can be inefficient and burdensome - often due to the use of emails, Word documents, and spreadsheets, to conduct, complete and save audit evidence. The net result of these ad-hoc processes are; multiple file systems, formats, email exchanges, and attachments resulting in too much time spent on the process, and not enough time spent on assessment outcomes. CENTRL's Vendor360 provides a better way.

Vendor Audits

Benefits of CENTRL's Vendor360 include:

  • A single platform for companies to conduct all types of vendor audits.
  • Flexible workflow, with advanced internal and external collaboration capabilities.
  • The ability to send an assessment or a checklist to your vendors prior to the audit, so you have the prerequisite information in advance.
  • Remote assessments and onsite audits provide a common platform for all your vendor assessments and audits (there is no charge for your vendor's use of Vendor360).
  • Evaluate vendors on your key control areas, with clear indication nonconforming results.
  • Manage and remediate non-conforming and follow-up areas, by sharing and collaborating on the issues with your vendor.
  • Best-in-class dashboards and reporting to stay on top of your audit and evaluation activities, risk summaries, and issues tracking.

Using Vendor360's your organization can easily manage a multitude of templates, checklists and questionnaires while providing the control to monitor, evaluate and create audit reports allowing you to focus on the results instead of the process.

Read more about Vendor360, or contact sales about CENTRL's vendor solutions.