Gatekeeper

Improving your vendor performance is impossible unless you actively measure it. But measuring is impossible when you rely on manual data entry into spreadsheets. Which is one of the reasons we created Smart Forms. 1 - Ask questions. 2 - Get responses. 3 - Automatic scoring of responses. 4 - Vendor review and improvements. Rinse and Repeat using automation. This is how to ditch the busy work. And get incredible data that improves how you work with your vendors. Check it out in our webinar here: https://lnkd.in/eGy4XhM7

Vendor cyber security is critical. If your vendors get hacked, you're in trouble. If your vendor's vendor gets hacked - you're still in trouble. Protect your supply chain with cyber security measures. Learn how to assess and mitigate risks with these 3 easy steps. https://hubs.ly/Q02CqGbw0

The Importance of Ethical AI Partnerships in Vendor and Contract Management should not be neglected. That's why we seriously consider every move that brings AI into our customers' hands. AI will be transformative. But there is always a cost to it. Dive into the risks and benefits in our latest article with insights from Gatekeeper's Head of Product. Learn how to choose the right AI-powered solution and why Gatekeeper partners with industry leaders like OpenAI and Google. https://hubs.ly/Q02CqHvj0

🌐 The Digital Operational Resilience Act (DORA) is a game-changer for the financial industry in the EU. It's going to affect over 22,000 entities starting January 2025. The new regulations will require financial institutions to ensure their digital operations are resilient and secure, placing a strong emphasis on compliance and risk management. But we seem weak points in the supply chain all the time. And you're only as strong as your weakest link. Don't wait until the last minute to address DORA compliance. Learn how to use Vendor & Contract Lifecycle Management to drive DORA compliance. https://hubs.ly/Q02CqG-B0

VCLM can massively improve your vendor management. (It's a serious game changer) Here's how: -Data Accuracy: A centralised Vendor Database ensures consistent and accurate vendor information. -Performance Tracking: Vendor Performance Management monitors key indicators and generates reports using visual dashboards. -Administrative Relief: Workflow Automation reduces manual tasks with automated workflows for onboarding and renewals. -Compliance Assurance: Compliance Management updates you with automatic vendor risk profile alerts. -Proactive Risk Management: Risk Management efficiently identifies risks and triggers mitigation workflows to stop risks occuring. -Enhanced Visibility: Real-time Dashboards offer clear visibility into vendor management activities and progress. -Improved Communication: Vendor Portal enables secure onboarding and collaboration with vendors. -Streamlined Data Processes: Data Integration automates data collection and analysis by integrating with systems like NetSuite. -Up-to-date Records: Data Delegation ensures vendors keep their documentation current with due diligence questionnaires. VCLM is a game changer P.S. Share ♻️ if you found this helpful and follow for more tips.

Smart Forms revolutionises how you score, monitor, and improve your vendor & contract relationships. We're building the platform that enables Procurement, Legal, and Finance teams to work more effectively together. We must step away from a spreadsheet's chaos to manage our vendors and contracts. We need reliable data that builds insights over time. We need this today. Check it out in this video ✌️

Nothing beats talking about financial risks with your vendors in a room full of finance pros. Seriously! We're at the The CFO Leadership Council CFO Leadership event in Boston. What a place. What a vibe. Catch us at booth 16 and grab a Scorch ✌️

Procurement is evolving. Less focus on cost savings to a strategic, value-driven function. This doesn’t get rid of savings as a value generator. It means we don’t just push for savings without considering the wider picture. Consider this: -Modern procurement involves managing the entire lifecycle, from sourcing to relationship management, contract management, and TPRM. -Adding value, reducing risks, and supporting business goals. -The future of procurement is collaborative and strategic. Moving beyond the old-school mentality to embrace the future of procurement. Who’s with us?

Contracts in Financial Services are changing. (Make sure your vendor contracts are DORA ready). Some of these clauses will already be present. Some won't. We're yet to see standardisation. Our summary breaks down the requirements and responsibilities for DORA vendor contracts. Check it out here: https://hubs.ly/Q02yhHQT0

Procurement contracts are littered with definitions that add to the risk, not reduce it. If your internal stakeholders and vendors don’t understand their definitions and how the contract operates, you’re building in risk. We saw this during Covid. Force Majeure clauses were so tightly worded that they excluded pandemics and epidemics. We haven’t seen everything that is going to happen. Tightly worded definitions aren’t always the right option. But the ordinary meaning of the word might just be. What’s your approach to definitions in your vendor contracts?