Automated continuous risk monitoring of key suppliers for adverse events such as financial, geopolitical, regulatory findings, data breaches; automated risk scorecards
Track & report SLAs & KPIs, track meetings & action items, roles & responsibilities, track and resolve issues and escalations
Manage vendor contracts, amendments and track key dates, contract data. Extract and monitor contractual obligations and automate review process.
Review vendor evidence and collaborate with vendors. Track risks and assign to vendors for mitigation. Automated reminders and calculated scores.
Automate onboarding activites and checklists, supplier document collection and management; sanctions screening, self-service vendor portal and track vendor details. Knowledge base for risk officers and vendor managers.
Set risk controls based on service category and inherent function risk. Design and/or distribute out-of-box risk assessments.
Contract Repository
Create a single system of truth with a robust document library for contracts, amendments, and supplier documents.
Renewals And Expirations
Get notified on contract reviews, renewals & other essential dates across the contract lifecycle.
Contract Change Management
Track and apply changes (like expiry date, pricing elements or SLAs) to various impacted elements.
Contract Repository
Create a single system of truth with a robust document library for contracts, amendments, and supplier documents.
Renewals And Expirations
Get notified on contract reviews, renewals & other essential dates across the contract lifecycle.
Contract Change Management
Track and apply changes (like expiry date, pricing elements or SLAs) to various impacted elements.
Onboarding Workflows
Action-based workflows for every stakeholder to make vendor onboarding efficient.
Supplier Information
Self service updates on key vendor details.
Standardize Contracts
Create pre-approved contract templates based on user inputs to improve vendor management efficiency.
Onboarding Workflows
Action-based workflows for every stakeholder to make vendor onboarding efficient.
Supplier Information
Self service updates on key vendor details.
Standardize Contracts
Create pre-approved contract templates based on user inputs to improve vendor management efficiency.
Track SLAs/ KPIs
Monitor & manage key contractual SLAs & KPI metrics and document the findings.
Actual Performance Reporting
Allow suppliers to report their performance which goes out to admins for approval.
SLA Scorecard
Measure actual performance against contractual SLAs to compute and track service credits and awards.
Track SLAs/ KPIs
Monitor & manage key contractual SLAs & KPI metrics and document the findings.
Actual Performance Reporting
Allow suppliers to report their performance which goes out to admins for approval.
SLA Scorecard
Measure actual performance against contractual SLAs to compute and track service credits and awards.
Contract Repository
Create a single system of truth with a robust document library for contracts, amendments, and supplier documents.
Renewals And Expirations
Get notified on contract reviews, renewals & other essential dates across the contract lifecycle.
Contract Change Management
Track and apply changes (like expiry date, pricing elements or SLAs) to various impacted elements.
Contract Repository
Create a single system of truth with a robust document library for contracts, amendments, and supplier documents.
Renewals And Expirations
Get notified on contract reviews, renewals & other essential dates across the contract lifecycle.
Contract Change Management
Track and apply changes (like expiry date, pricing elements or SLAs) to various impacted elements.
Onboarding Workflows
Action-based workflows for every stakeholder to make vendor onboarding efficient.
Supplier Information
Self service updates on key vendor details.
Standardize Contracts
Create pre-approved contract templates based on user inputs to improve vendor management efficiency.
Onboarding Workflows
Action-based workflows for every stakeholder to make vendor onboarding efficient.
Supplier Information
Self service updates on key vendor details.
Standardize Contracts
Create pre-approved contract templates based on user inputs to improve vendor management efficiency.
Track SLAs/ KPIs
Monitor & manage key contractual SLAs & KPI metrics and document the findings.
Actual Performance Reporting
Allow suppliers to report their performance which goes out to admins for approval.
SLA Scorecard
Measure actual performance against contractual SLAs to compute and track service credits and awards.
Track SLAs/ KPIs
Monitor & manage key contractual SLAs & KPI metrics and document the findings.
Actual Performance Reporting
Allow suppliers to report their performance which goes out to admins for approval.
SLA Scorecard
Measure actual performance against contractual SLAs to compute and track service credits and awards.
Increased efficiency for supplier onboarding due to risk management
Reduction in failures due to transparency and
collaboration
Reduction in third-party
compliance
findings
Reduction in data defects due to data quality and deep
analytics
*The metrics listed are indicative.
The specific ROI for your enterprise depends on your solution landscape and which specific modules of Enlighta Spice are leveraged by your teams.