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.

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Trusted Globally By Recognized Brands and Institutions

Modernize Your Vendor Management Processes

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.

Supplier Diversity

Risk Assessments

Procure to Pay

Vendor Onboarding

Local Diverse Supplier Partnerships

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.

Third-Party Risk Management

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.

Timely Payouts and Invoice Tracking

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.

Simple Onboarding Processes

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.

Accelerate Workflows

Manage all your vendor contracts, onboard new suppliers, send out assessments, communicate more efficiently, and track performance — all in one user-friendly platform designed to save you hours of administrative work.

Minimize Third-Party Risks

Keep your institution and your customers safe by working with compliant third-party vendors. Issue multiple risk assessments at once, get detailed results in as little as three weeks, and receive compliance reminders to keep vendor information up-to-date.

Scale Your Network

With simple supplier search tools, quick onboarding processes, no seat license fees, and unlimited vendor record numbers, your growth potential is infinite.

Simplify Your Vendor Management Processes

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.

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Effortless Integration

Seamlessly implement our platform within your current ERP, AP, and procurement systems for a unified workflow and maximized operational efficiency.

Customized Workflows

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.

Comprehensive Tools

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.

Centralized Data

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

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What Our Customers Say

Adopting SupplierGateway’s platform transformed VHB’s supplier onboarding, turning a cumbersome manual process into an efficient, accurate system. It’s streamlined our operations, improving data accuracy and enabling effective diversity reporting. This change has significantly boosted our operational efficiency and strategic focus. A genuine game-changer for managing compliance and promoting diversity in our supply chain.

Jamie Jacobs

IT Business Analyst, VHB

Prologis recognizes the importance of diversifying our supply chain as a value added business practice to strengthen our competitive position and meaningfully impact the diverse communities we serve. This year, we have made significant progress in building our own supplier diversity program using the SupplierGateway platform. We are proud to be building alongside our peers and partners in the CREDS consortium to collaborate and make progress together as an industry.

Dani Jaffee

VP Procurement, Prologis

SupplierGateway’s platform has been critical to the Supplier Diversity program at Giant Eagle. Data enrichment has helped us identify new diverse suppliers, and we’ve leveraged the extensive supplier database to find new suppliers that support our company’s needs. Single sign-on also makes accessing the platform easy for all our team members. Giant Eagle is grateful to have this easy-to-use platform at our fingertips as our program grows!

Jenn Bejin

Senior Manager Vendor Partnerships Supplier Diversity and Strategy, Giant Eagle

Onboarding with SupplierGateway has significantly reduced our manual processes and increased our data security across our AP department. I’d highly recommend the SupplierGateway platform to anyone looking to streamline their supplier onboarding processes.

Kristin Thompson

Senior Accounts Payable Specialist, RTI International

At a fraction of the cost of the nearest competitor, SupplierGateway delivered results that gave our team a command of our supplier diversity program. We ultimately increased our diversity spend by 52%, year over year. This powerful platform is easy to use, reliable, and affordable. I highly recommend it.

Michael McCullough

SVP, Supply Chain, WellStar Health System

What is 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.

What features does SupplierGateways’s vendor management software offer for banks?

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.

How secure is the data within the bank vendor management system?

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.