Vendor Compliance | Procure to Pay
Vendor Scorecards
One weighted score per vendor, over the criteria you actually measure.
What it does
Inside Vendor Scorecards.
The vendor review ends in a number the next sourcing decision can use.
01
Criteria and weights defined once, applied to every evaluation
02
A score and a grade per vendor, per period
03
Draft scorecards separated from finalised ones
04
Grades feeding sourcing decisions and the holds that follow them
Where it sits
Part of Vendor Compliance.
Document Control The required documents, held, versioned and dated. Compliance Checks Screening and verification that runs before transacting. Continuous Monitoring Status re-checked on a schedule, not at onboarding only. Controls and Segregation Who may create, change, approve and pay, enforced separately. Certifications Standards, insurance and accreditations tracked to expiry. Audit Trail Every check, acceptance and override, retained. Statutory Exposure Where paying a vendor late costs you a deduction, not just goodwill.
Run Vendor Scorecards against your books.
A working session on your structure and a month of your documents.