One view of each vendor
The same supplier appears once, even when procurement, contracts and incident tools name it differently, with every document and event attached.
Every vendor approval, renewal and escalation shows the due diligence it relied on, the incidents and contracts in play, and who signed off. When an examiner or the board asks about a critical vendor, the answer is one record, not a spreadsheet hunt.
Vendor risk analysts and managers, procurement, vendor owners in the business, and internal audit.
AI summarizes questionnaires and reports, and an analyst reviews them. But due diligence ages, incidents are logged in another tool, and contracts live in a repository nobody links back. A vendor approved last year may now have an open critical incident and an expired contract, and the original approval still looks valid.
Due diligence, incidents and contracts are linked to the same vendor, with their dates. Policy checks run against current information, decisions record what was known and who approved, and summaries inherit the access rules of the documents behind them.
The same supplier appears once, even when procurement, contracts and incident tools name it differently, with every document and event attached.
Approvals check that due diligence is recent enough, no critical incident is open and a contract is active, and flag the vendor when any of that changes.
A vendor summary inherits the access and lineage rules of the contracts and assessments behind it, so sensitive terms aren't exposed through a summary.
Export a vendor's full decision history, with the evidence and approvals for each step, for an examiner, auditor or board committee.
A synthetic example of the vendor onboarding workflow.
The onboarding form, an external due-diligence report and a draft contract are linked to one vendor, which turns out to be an affiliate of a supplier already in the inventory.
The vendor processes payment data and operates in a jurisdiction the policy treats as high risk, so it is tiered as high risk and needs a manager's approval.
The due-diligence score meets the minimum, but the affiliate has an open critical incident. The policy holds approval until the incident is resolved or an exception is granted.
The vendor risk manager grants a time-limited exception with conditions and records why. An annual review is scheduled automatically for a high-risk vendor.
Evidence, the incident, the exception, its conditions and the approver are sealed together and appear in the vendor's history for the next review.
Set a baseline on your current process, then measure the same workflow with KrisVen on sample data.
KrisVen provides governance infrastructure that supports these expectations. Determining and attesting to compliance remains the responsibility of the deploying institution and its counsel.
KrisVen connects to the tools your team already uses and records the decisions made with them.
Start with a private sandbox using synthetic or customer-approved sample data, measure the workflow, and decide with evidence.