Tool and vendor management involves multiple functions and their respective systems: Finance operates out of NetSuite, IT out of Okta, Legal out of Ironclad, etc. BRM integrates these systems, enabling you to make intelligent decisions with all necessary data at your fingertips.
With your systems interconnected and agreements ingested, BRM provides complete visibility on upcoming renewals. This allows you to proactively manage renewals, avoiding the pitfalls of reactivity.
Different departments can define their own criteria, the set of requirements that tools and vendors must meet. This simplifies the process for line-of-business owners and vendors during intake. BRM’s global listings align with your standard criteria, making purchasing more straightforward than ever.
Key steps in the purchasing process are often overlooked. Risk assessments, for instance, are sometimes conducted only after a vendor is paid and onboarded. BRM Requests ensure that no aspect is neglected and all criteria are considered prior to integrating a tool or vendor into the organization.
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