Contract administration in policyIQ is definitely a hot topic. Many companies are already taking advantage of the ability to create customized Templates, build in Alerts to stakeholders and create ad-hoc Reports in policyIQ to stay on top of all of the contracts that their organization must manage. And of course, companies across the globe have discovered that the flexibility and ease of use in policyIQ makes it ideal to manage their compliance programs.
How about bringing those together to create a complete solution for Vendor Management and Compliance?
In the coming months, we’re going to be building out even more guidance and examples of how you can be using policyIQ for your most critical Vendor Management and Compliance activities, such as:
- Managing vendor profiles, including key contacts, billing information and current contracts,
- Risk assessments of vendor relationships,
- Tracking compliance with key policies through electronic forms or sign-offs,
- Audits of key or high risk vendors,
- And much more!
Whether you are building in additional compliance vigilence due to anti-corruption regulations for international business or just trying to streamline and automate your regular management tasks, we’d like to hear from you! What areas of vendor management and compliance are most frustrating or time-consuming? Where should we focus our efforts to help you get the most from policyIQ?
