VendorINSIGHT announced the latest updates to our Vendor Risk Assessment and Vendor Performance Scorecard modules earlier this month. The recent changes enhanced the customer’s flexibility to update the templates in the platform as desired. We are very satisfied with the positive feedback we’ve received about the updated modules.
The Vendor Performance Scorecard (VPS) module’s redesign will improve usability, allow for increased customization as requested by our customers and accommodate future data trending. The new VPS-2 design provides all of the functionality of the VPS-1 module and provides better flexibility for customization. The survey builder accommodates an unlimited number of questions and continues to track service levels.
We understand that not all of your vendors, suppliers and third parties demand the same attention. Each provider’s risk to the institution constantly varies. With the introduction of Vendor Class, customers can configure multiple risk assessment templates that are dependent on the each vendor’s class or risk to the organization making the risk assessment multi-level.
On a final note, VendorINSIGHT would like to thank each and every one of our valued customers. 2015 has been a year for the books. We look forward to continuing to please our customers in the years to come.