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Vendor Onboarding Enhancements

1 min read
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New updates to Vendor Onboarding experience

Venminder just released value-added enhancements to the Vendor Onboarding module. Our goal is to ensure that your vendor onboarding experience is as thorough and efficient as your program requires.


We have been listening to your feedback, so here is what’s new to Vendor Onboarding:

  • Fourth-Party Management
    New fourth-party relationships can now be added to a vendor request. Users will also be able to upload documents and perform due diligence tasks for their fourth-parties. When a vendor request is approved, new fourth-parties will also be approved and added to your vendor list for ongoing due diligence.
  • Section Approvals
    Onboarding requests can be configured so that sections must be submitted to an authorized user for review and approval.
  • My To-Do List
    When you access the Onboarding module, you will notice a new feature called “My to do list”. Selecting this feature will reveal a drop-down list of all items assigned to you and awaiting your action across ALL vendor requests. This can include section assignments, section approvals, and due diligence tasks.
  • Usability Updates
    By popular demand, we added the following updates to help streamline the onboarding process.
    • Save a vendor request as a draft
    • Append an existing request
    • Cancel a vendor request
    • Reopen a closed section within a request
    • Manage frequency of new vendor request notifications

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