![]() Conga also boasts workflow automation tools for contract authoring, negotiation, approval and tracking. In addition, the system enables your team to control how contracts are created, shared and stored. Procurement technology category: Contract creation and complianceĭescription: One of the most well-known and widely-used contract management systems, Conga’s system is designed to improve consistency and compliance. Finally, one of the biggest benefits users report is the ability to leverage the expertise of the Venminder organization for compliance, risk and legal questions. Additionally, the platform is easy to navigate and makes document storage and management easy. Why we like it: Uniquely, Vendminder leverages an unlimited user model, which encourages business-wide awareness of ongoing risk management efforts. ![]() Featuring tools for new vendor onboarding, vendor risk assessments and ongoing reporting, Venminder seeks to identify and mitigate risk proactively. This third-party risk management tool helps procurement teams standardize and centralize vendor information. Procurement technology category: Centralized third-party risk management Finally, like RFP360, Onspring is an active member of the Kansas City tech community. While customers see almost immediate ROI with out-of-the-box functionality, they can also customize the solution. ![]() Why we like it: Reviews give Onspring near perfect scores for their customer support. In addition to identifying risks, they also provide guidance for remediation. For procurement teams seeking streamlined processes, the platform is a good option for managing vendor risk and compliance. Procurement technology category: Internal and external risk and complianceĭescription: Onspring’s focus is empowering automation in business operations and system management. Additionally, users in global organizations use the tool to navigate complex requirements that change based on jurisdictional location. Not only is it a resource for vendor management, but also a tool for internal assessments, data security management and more. Why we like it: For procurement teams, OneTrust is a tool with big ROI potential. Specializing in regulatory compliance, the platform manages both internal and external data security, privacy and governance. Procurement technology category: Data governance and multi-region complianceĪrguably the biggest name in data and risk management, with more than 10,000 customers, OneTrust is a robust solution designed for large and enterprise businesses.
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