Reporting capabilities is key to any vendor management system — what's the point of entering all that information if you can't make sense of it when you need to?
VendorRisk does not come with any canned reports — every customer has different reporting needs. What we provide, however, is a reporting tool that lets you generate three types of reports.
A detailed report is when you need to see the list of items that meet your criteria, such as:
- Active vendors with a high-risk level
- High-risk vendors with an insurance policy expiring in the next 3 months
- Active contracts that automatically renew
- All active contracts & their service level agreement terms
- All diligence reviews conducted in the past year for high-risk vendors
- All incidents that violated the SLA terms
Detailed reports are very flexible — you can:
- Select which fields appear on the report
- Enter the criteria for the report — such as "active" contracts only
- Select the order of columns
- Select the sort order of results — such as "sorted by vendor name"
- Save the report for future use
- Save the report as a PDF and/or export the results to Microsoft Excel
Summary reports are useful when you just need to see the overall breakdown of something, such as:
- # of vendors by risk level
- # of vendors by status
- # of contracts expiring each month in the upcoming 12 months
Summary reports can be displayed with a table of data and/or a pie/column chart.
Executive reports let you combine two or more detailed and summary reports into one comprehensive report. For example, if you have a summary report and three detailed reports all revolving around contract expirations, you could create an executive report that combines those 4 reports into one large report, saving you the time spend clicking between the reports.