One top contender is Workday VNDLY VMS. It's tightly integrated with Workday Human Capital Management (HCM) to help you better manage contingent labor. It includes tools for extended workforce management, statement of work management and worker profile management. With automation and machine learning, it offers visibility into your workforce and helps you with compliance and risk management through standardized workflows and industry-leading security controls. It's designed to accommodate global requirements, including invoicing, employment laws and data regulations, so it's a good fit for companies that want to modernize their contingent labor management.
Another strong contender is Prevalent, a third-party risk management platform that uses AI and automation to evaluate and mitigate security risks to your company from vendors and suppliers. The platform offers vendor risk assessment, monitoring, compliance and AI-powered abilities, so it's adaptable for risk management in industries like finance, health care and retail. It's a scalable and efficient way to manage third-party risk, taking the burden off teams that otherwise would have to perform manual risk assessments and offering services like due diligence collection and analysis.
For a more complete third-party risk and cybersecurity management, ProcessUnity is a strong option. It automates the entire risk lifecycle from onboarding to continuous monitoring. The platform includes customizable workflow templates, a Universal Data Core for consolidating risk data, and a Global Risk Exchange with a large library of validated risk assessments. It's backed by AI-powered tools, and it's highly customizable and has been named a Leader in the Forrester Wave for Third-Party Risk Management Platforms. It's a good option for companies that want to modernize their vendor management and risk monitoring.