A Tour of VENDOR iQ’s Key Features

Streamlined Third-Party Intelligence and Profiling

With VENDOR iQ’s intelligence module, users can easily search for and analyse companies within their supply chain. This feature offers a global view across multiple jurisdictions, ensuring that users get instant access to relevant company data. By simply inputting basic information, such as a website URL, users can retrieve profiles complete with regulatory and compliance status. From there, it’s easy to drill down into details or attach a company to a dashboard for ongoing monitoring.

Real-Time Alerts and Advanced Risk Detection

Beyond basic alerts, VENDOR iQ’s platform is designed with a nuanced approach to risk. It recognises that third-party risk is often a composite of multiple factors. Users can select from over 150 alerts, from account misfilings to cyber vulnerabilities, and configure them to trigger based on specific conditions. This flexibility allows teams to act on complex risk patterns, enabling proactive responses to issues such as compliance officer turnover or financial instability.

Dashboards and Surveillance: A Unified View of Risk

The VENDOR iQ dashboard provides an intuitive, customisable overview of third-party risk across business units or regions. Meanwhile, the surveillance module enables in-depth tracking of alerts, actions, and risk levels by company or business unit. Users can easily filter to see critical metrics like a vendor’s financial health or regulatory status, empowering stakeholders to make data-driven decisions quickly.

Qualitative Data Capture and Client-Centric Flexibility

The recently launched capture feature allows clients to gather qualitative data through questionnaires tailored to their specific risk and compliance needs. Users can create and send targeted surveys, from procurement assessments to contract renewals, and collect detailed responses directly within VENDOR iQ. The platform’s built-in workflow and audit trail capabilities provide a complete, traceable history for each interaction, enhancing transparency and governance.

A Scalable Solution for Today’s Complex Risk Landscape

VENDOR iQ offers a robust platform for managing third-party risk, combining comprehensive data, customisable alerts, and seamless integration with existing workflows. From procurement to risk management, VENDOR iQ equips teams with the insights they need to strengthen compliance and resilience across their organisation. With an intuitive interface and powerful data capabilities, VENDOR iQ is the ideal partner for businesses aiming to elevate their third-party oversight.

Ready to take control of your third-party risk management? Schedule a demo with VENDOR iQ today and discover how our platform can empower your organisation with actionable insights and peace of mind.