LogicManager’s vendor management systems and solutions helps you Manage Tomorrow’s Surprises Today® by keeping track of your third party relationships and critical activities associated in one central location. This includes approvals, due diligence, contract reviews, etc.
Our vendor management software provides the foundation needed to ensure compliance with all third party requirements. Engage vendors and suppliers with questionnaires, track service level agreements and manage any incidents throughout the process for increased transparency and trust in your business relationships. LogicManager’s searchable database makes this simple.

Vendor Management Software Customer Testimonials

Managing data across multiple spreadsheets and word processing tools can be difficult, while also potentially introducing your company to increased risks. By utilizing a vendor management system software, you can reduce incidents and streamline your third party risk management effectiveness. Hear what our customers have to say!

 

Key Benefits & Features

Powerful vendor management tools

Maintain your vendor management systems and responsibilities through task wizards, appearing as a to-do list on the home screen for each user. Automated email notifications, alerts and reminders help you track key dates, contract reviews and due diligence updates.

Manage your searchable vendor library

Build a hierarchical library of your vendors. Organize them by tier, criticality or any other customizable structure. Assign ownership over vendors to clearly establish roles and responsibilities. Drag and drop organizations as their status changes or processes evolve over time.

Pre-built vendor surveys & questionnaires

Leverage out-of-the-box vendor profiles, due diligence surveys and questionnaires to further align your third party risk and vendor management systems with best practices. Assign tasks for internal or external users to fill out and update information at your chosen frequency.

Vendor due diligence & contract management

Manage vendor approvals, contract reviews, due diligence evaluations and other key activities for each vendor. Automate the process of collecting and reviewing information through tasks and reminders, and upload new documents as old ones expire. Never lose track of a key date again!

Effective vendor risk assessments

LogicManager provides a standardized process for conducting third party risk assessments, one which recognizes that vendor due diligence is a form of identifying and managing risk. Apply a common vendor risk management framework, using pre-built but configurable risk factors, criteria and weighting.

Robust risk-based Taxonomy

LogicManager’s patent-pending risk-based Taxonomy makes it easy to directly link vendors to the risks, requirements, goals and business processes they support across the organization. Uncover which vendors are most critical based on their touch points enterprise-wide, and respond with clarity in the event of a vendor issue or change.

Track SLAs, metrics & vendor exceptions

Outline and track service level agreements (SLAs) and metrics as they relate to each vendor. Streamline, standardize, and centralize the case management process for all types of vendor issues and events. Our vendor management software determines criticality, assigns remediation actions and leverages configurable workflows to facilitate cross-functional investigations.

Comprehensive reporting, dashboards & analysis

Run out-of-the-box reports for vendor summaries, upcoming reviews, SLA adherence levels and gap analysis, or build any number of custom dashboards using our built-in risk reporting engine. Sort and filter each report by service provided, geographic location, criticality, etc. for transparency into a particular subgroup.

Why LogicManager?

VENDOR MANAGEMENT SYSTEM SOFTWARE

Manage your risks through vendor management system software that includes task wizards, automated email notifications, alerts and reminders help you track key dates, contract reviews and due diligence updates. With seamless access to vendor and supplier data, your organization will be able to streamline operations, save time, and measure risk. Our vendor management system software’s Taxonomy allows you to easily find the root cause of risk events to prevent future incidents.

OUT-OF-THE-BOX, CUSTOMIZABLE EVALUATION TOOLS

LogicManager allows you to handle all your relationships, both internal and external, in much the same way. You can distribute standardized questionnaires and assessments in order to ensure 3rd-party processes comply with your requirements. You can also use our Taxonomy to pull the supplier and vendor review process into any sector – compliance management, business continuity, IT and security concerns, and more.

Learn More

LogicManager in the News

What corporate meltdowns teach us about ERM

January 10, 2017
Reporter Joe Mont discusses how “emerging technologies and new commerce models have transformed how businesses operate,” alongside LogicManager’s CEO Steven...
Read More

Tell Me Something I Don’t Know: 5 Supply Chain Predictions For 2017

December 29, 2016
What’s LogicManager’s biggest prediction for changes in supply chain risk management this year? Read the interview in Forbes Magazine to...
Read More

Vendor Risks: Preventing Recalls with ERM

August 12, 2016
In 2016 alone, there have been dozens of recalls, by food companies, car manufacturers, and vitamin producers, among others. Not...
Read More

The Importance of Risk Assessments in Business Innovation

June 3, 2016
Ben DiPietro, reporter at The Wall Street Journal’s Risk & Compliance Journal, interviewed LogicManager’s CEO Steven Minsky on the common thread...
Read More

What the Nissan-Mitsubishi Debacle Teaches Procurement About Enterprise Risk Management

May 5, 2016
Kaitlyn McAvoy at Spend Matters interviewed Steven Minsky to discuss the impact Mitsubishi Motors’ recent fuel economy failure will have on...
Read More
{"slides_column":"4","slides_scroll":"1","dots":"true","arrows":"true","autoplay":"false","autoplay_interval":"2000","speed":"300","rtl":"false","loop":"true","newdesign":"design-33"}
Free Resource Downloads
Use this vendor management datasheet from logicmanager to establish a vendor management process for your organization.

Our vendor management solution creates a comprehensive repository of your company’s vendor relationships.

How to integrate governance areas for you compliance management program from LogicManager

In this eBook, we’ll walk through how to build a standardized risk governance structure, also known as a taxonomy.

Presenting ERM to the board eBook from LogicManager.

How do you prioritize organizational risks, link them to strategic goals, and demonstrate control effectiveness?

LogicManager case study about regulatory challenges and enterprise risk management.

In this case study, we’ll discuss how a financial-services customer manages regulatory challenges through ERM.

DEDICATED, UNLIMITED SERVICES WITHOUT ADDED COSTS

All customers are assigned a dedicated LogicManager analyst, who provides unlimited support for the lifetime of the agreement. From on-boarding, training, data import and including industry guidance, report building, and hands-on program assistance, our analysts are trained to ensure your goals are met.

  

LogicManager’s ERM platform is recognized by Forrester Research with a perfect score (5 out of 5) in “Customer Feedback,” as well as high scores in “Product Vision and Strategy.”FORRESTER

– The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2016

vendor risk management software

Explore LogicManager’s Risk-Based Functionality

Report, resolve and track any number of incident types with configurable fields and workflows. Learn more >>

Maintain your portfolio of policies, procedures and documents while tracking important information and reminders. Learn more >>

Track operational activities, financial attestations and accountability to increase reporting efficiency and accuracy.
Learn more >>

Map relationships between critical processes and resources to ensure long-term sustainability and timely responses. Learn more >>

Our governance software manages critical IT resources and assets while ensuring adherence to security compliance and standards. Learn more >>

Determine which standards and regulations are applicable, assess compliance, and stay up-to-date with automated alerts and notifications. Learn more >>