Vendor Management Software for Banks You Can Trust
Manage all of your vendors in one platform — from sourcing and onboarding to virtual payments and reporting.
Trusted Globally By Recognized Brands and Institutions
Stop sinking hours into manual vendor management. Optimize your workflows with vendor management software for banks.
We help financial institutions and credit unions save time and money by streamlining the entire vendor lifecycle.
Instead of scouring multiple databases for new suppliers, find local and diverse vendors that fit your criteria using our simple sourcing tools.
Tired of playing phone tag with vendors? Send risk assessments, compliance reminders, and feedback through the platform — seamless communication, in one screen.
Our invoice tracking tools and virtual payments means no more frustrations caused by lost invoices or delayed payments. And when you’re ready to end a third-party relationship, we help you effortlessly offboard vendors.
Use Cases for Financial Institutions
Modernize your vendor management program with intuitive tools and robust capabilities.
Our supplier diversity portal helps you source and connect with certified, local diverse suppliers. With over 6 million supplier profiles in our database, finding the perfect fit is quick and easy. Use filters to customize search results to your specific requirements and connect with potential vendors right in the portal.
Stay on top of potential risks your suppliers might pose with bank vendor management software. Keep track of supplier data and receive notifications about financial and legal risks, bankruptcy, and liens. Assign sustainability assessments across multiple metrics and get in-depth results for each supplier to ensure regulatory compliance.
Maintain strong vendor relationships thanks to our robust invoice console. Manage, track, and store invoices in one portal and use SGPay to send out virtual payments for completed work. Plus, you’ll get 1.5% cash back with every payment you make.
Once you narrow down the right vendors, onboard them faster with our vendor onboarding portal. All of your critical vendor information, including financial details and certifications, is captured and stored in one space for easy access whenever you need it. And when you’re ready to part ways, we help you ensure a smooth and compliant offboarding process.
A Complete Vendor Management Software for Banks
SupplierGateways helps you make sense of the vendor management process with comprehensive tools, simple implementation, and tailored experiences.
Seamlessly implement our platform within your current ERP, AP, and procurement systems for a unified workflow and maximized operational efficiency.
Use custom vendor searches with multiple filters, create reports tailored to your audience, and make your vendor management software dashboards work for your specific needs.
Everything you need to manage the vendor lifecycle in one place. From onboarding questionnaires to compliance assessments to invoice tracking — we’ve got you covered.
Get deeper diversity insights into your current vendor inventory with Data Enrichment, house all supplier data in one central platform, and use our reports and analytics to analyze your impact.
Explore SupplierGateway’s Vendor Management Software
Vendor Management Software For Banks
Vendor management software for banks streamlines the process of managing and evaluating third-party vendors like IT service providers, payment processors, and security firms. It helps banks ensure due diligence, reduce risks, and enhance operational efficiency. Vendor management software can also centralize vendor data, automate workflows, and provide analytics for better decision-making and regulatory reporting.
SupplierGateway’s vendor management software helps banks protect sensitive client information with risk assessments, compliance reminders, and in-depth profiles for third-party vendors. Build strong vendor relationships through our platform’s seamless onboarding experience, communication tools, and virtual payments.
SupplierGATEWAY holds both SOC II Type 2 and ISO/IEC 27001 certifications, underscoring our commitment to rigorous data security for our clients. We take great pride in these certifications, which highlight our dedication to safeguarding client information. For further details on our security measures, please refer to our Global Data Processing Addendum.