What are the key features of vendor management software?
An example of an AI chatbot conversation about vendor management software features.
What are the key features of vendor management software?
Vendor management software typically includes features like vendor onboarding, performance tracking, compliance management, and risk assessment.
How does vendor onboarding work in these systems?
Vendor onboarding usually involves collecting necessary documentation, verifying vendor information, and integrating them into your system.
Can this software help with compliance management?
Yes, it helps ensure that vendors meet regulatory requirements and company policies by tracking compliance documentation.
What about performance tracking? How is that done?
Performance tracking is done through metrics and KPIs, allowing you to evaluate vendor performance over time.
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