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Vendor Compliance Management Software. Spread the workload share accountability. Still not sure about Contractor Compliance.
Vendor management software serves three main functions. By providing a central contract repository the software makes it easier to identify overlapping or conflicting terms ensuring continuing compliance and identifying the potential for volume discounts. As your business matures you are considered a low trade risk supplier and you thereby improve your chances of securing more business.
Spread the workload share accountability.
In addition you can customize data fields to classify different vendors. In addition you can customize data fields to classify different vendors. Still not sure about Contractor Compliance. By having an effective vendor compliance management program you will be able to identify mitigate and better control vendors risk and improve the security of your organization.