Quantivate Procurement Solution is a GRC-based third-party risk management platform designed for financial institutions and other regulated industries. It provides a centralized system for managing vendor relationships, procurement processes, risk assessments, documentation, and reporting. The solution is built on Quantivate's broader GRC technology platform and integrates with enterprise risk and business continuity data to give organizations a unified view of third-party risk. Key capabilities include: - Centralized storage and retrieval of vendor information, contracts, business continuity plans, and risk reports via a digital file library - Vendor due diligence, contract management, and ongoing monitoring tools - Vendor self-service portals to facilitate external collaboration - Cross-functional data sharing to connect sourcing and procurement processes across departments - Real-time access to GRC information and reporting within a single integrated platform - Support for third-party management frameworks aligned with business strategy and risk appetite The platform targets organizations seeking to reduce manual effort in vendor oversight, improve risk visibility, and mature their third-party risk management programs. It is positioned as a component within Quantivate's broader GRC suite, which also covers enterprise risk management, compliance, audit, IT risk, and operational resilience.