Third Party Risk Management Software

The Top 5 Supplier Relationship Management Solutions

Discover the top Supplier Relationship Management Solutions. Explore how SRM solutions can help with improving visibility into supplier relations, reduce costs, and improve compliance.

The Top 5 Supplier Relationship Management Solutions Include:
  • 1. AdaptOne
  • 2. Gatekeeper
  • 3. Ivalua Supplier Management
  • 4. ProcureWare
  • 5. SAP Ariba Supplier Management

Supplier relationship management (SRM) is a critical component of managing supply chains that involves evaluating interactions between the company and its suppliers to determine whether the relationship is stable, secure, and benefiting both sides. Supply chains can be complex and varied, requiring understanding and insight to manage them effectively. With the average number of suppliers for a company sitting at between 200 and 300, it should be unsurprising that SRM technology is set to see an increase in adoption. 

Supplier relationship management software solutions are used to facilitate and enhance the business relationships between companies and their suppliers. SRM solutions can help organizations to establish strong, mutually beneficial business relationships with suppliers.

We’ve put together a list of some strong options for those interested in implementing a supplier relationship management solution. These solutions provide capabilities that work to unify and streamline the process of examining, evaluating, and making decisions about your suppliers and how you are working together. Read on for our picks for the top supplier relationship management solutions. 

AdaptOne Logo

AdaptOne is a cloud-based platform that offers supplier management, supplier diversity management, and certification management solutions. The platform provides comprehensive supplier management features including role-based centralized supplier management, adaptable workflows, automation tools for compliance and risk management, and a robust, configurable supplier-facing portal for flexible supplier onboarding that adapts to your internal process requirements and reduces cost while improving compliance and delivering data insights which benefit each step of the supplier lifecycle.

AdaptOne is designed to support companies in managing their supplier relationships, navigating supplier risk, and maintaining compliance requirements. Their unified supplier management solution is adaptable to each organization’s needs and requirements, so we would recommend it to organizations that require flexibility and are interested in a solution that they can easily adapt to their needs.

AdaptOne Logo
Gatekeeper Logo

Gatekeeper is a next-generation, all-in-one contract and supplier management solution driven by AI. This solution supports users in managing contracts and vendor information, keeping track of workloads, monitoring risks, and storing documents. Users can easily maintain auditable supplier records, track spending to minimize outgoings, monitor potential risk, and set compliance reminders. Further capabilities include workflow and compliance automation, contract templates and a clause library, touchless contracts, and AI data extraction.

Gatekeeper provides total visibility and control over contracts and vendors portfolios. This solution includes multiple integrations across your cloud suite with apps such as G Suite, Box, Office 365, Okta, OneLogin, Dropbox, and more.  We would recommend Gatekeeper to organizations interested in a solution that is flexible, versatile, and easy to use with a user-friendly interface.

Ivalua Logo

Ivalua offers an integrated software suite of tools designed to work together to support organizations in handling supplier relationships, improve supplier management and, as a result, streamlining their own operations. Useful features of this service include tools to automate and manage campaigns, questionnaires and scoring templates, the ability to oversee the supplier lifecycle to analyze supplier risk and performance, and functionality to establish detailed project plans, assign suppliers and stakeholders tasks, and track progress. Ivalua facilitate collaboration for improved performance, reduced risk, and more innovation.

Ivalua’s complete, unified digital platform supports product success and supply chain resilience by facilitating improved supplier engagement, spend management, and collaboration across the entire product lifecycle. We would recommend Ivalua’s services to organizations looking for a flexible, configurable, and robust solution to manage their supplier relationships.

Ivalua Logo
ProcureWare Logo

ProcureWare is an easy-to-use, customizable e-procurement system that offers sourcing, contract management, and supplier management features. This solution streamlines supplier registration and management, simplifies the RFx process, and supports procurement teams in efficiently managing their supplier contracts. Key features include self-managed supplier registration, standardized supplier qualification, customizable supplier registrations forms, centralized access to supplier data and insurance certificates, integrated messaging for better communication with suppliers, and integrated diversity management and tracking.

ProcureWare provides collaboration and visibility to improve supplier management for both small and medium sized businesses; we recommend ProcureWare to organizations of this size that are interested in a solution that is customizable and easy to use.

ProcureWare Logo
SAP Logo

SAP Ariba Supplier Management is a cloud-based supplier relationship management solution supports organizations in managing their supplier information, performance, and relationships. This solution gives users a unified, comprehensive view of important supplier information, to help businesses work more effectively with suppliers and withstand potential disruptions. Their intelligent tools allow users to manage suppliers based on specific parameters, achieve heightened transparency and scale compliance across the supply base.

This is a powerful solution which provides centralized supplier management, enabling speedier onboarding, up-to-date data, and compliant spending. The unified platform designed to supports supplier onboarding, qualification, risk assessment, segmentation, and performance tracking. We would recommend this solution to organizations looking to identify and mitigate supplier risks and improve supplier performance.

SAP Logo
The Top 5 Supplier Relationship Management Solutions