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.
Using Vendor360, 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.