Vendor management software is used to manage relationships with external vendors and ensure compliance. It allows companies to assign responsibilities, receive notifications, conduct risk analyses and due diligence, and monitor vendors ongoing. VendorRisk is a SaaS-based vendor management system created in 2009 that captures vendor information, assesses risk through questionnaires, and provides notifications of upcoming contract dates. It aims to make the process simple and secure through frequent updates, encryption, and backups.

1. Vendor Management Software vendorrisk.com