Transform Your Vendor Management with Blockchain and AI
To protect from risk and ensure compliance, onboarding and managing vendors necessitates that organisations perform effective due diligence on their vendors. Unfortunately, traditional methods of performing due diligence are labour intensive, insecure, slow, and even unaffordable. This is where Credo Systems comes in. Through our unique technology platform, we strive to automate and streamline your legacy processes. Our platform ensures efficient, thorough, secure, and affordable means to perform comprehensive and seamless due diligence and risk assessment of your vendors. Powered by blockchain and leveraging AI, we ensure that our vendor management platform can boost efficiency and overcome management pain points that negatively affect traditional approaches to vendor due diligence and risk assessment.
Our System Capabilities
By leveraging extensive capabilities, including a built-in knowledge base, automated processes, alerts, secured document exchange and storage, and blockchain-enabled smart contracts we enable you to easily perform vendor due diligence to protect from risk and ensure vendor compliance. Our platform’s due diligence processes cover a wide range of risk areas such as company registration, directorship, shareholder structure, fraud record, financial strength, and credit risk. No matter whether you are looking to do due diligence to onboard new vendors or are conducting periodical evaluations of your existing vendors, Credo Systems is your trusted partner.
Perform Due Diligence Faster and More Accurately
Credo Systems aim to provide a unique platform solution that supports vendor management needs that go well beyond traditional models of supplier management. By leveraging the blockchain technology, our system enables full transparency when onboarding new vendors, and thus allows businesses to verify vendors quickly and efficiently. Furthermore, integrated and streamlined risk assessment ensures that all vendors under consideration complete the full scope of required assessments before they are successfully and safely onboarded.
Key Product Features to Support Your Vendor Management Needs:
Automated processes & AI-powered analytics
Leverage automation and AI technology to accelerate the analysis of documents, financial data, and other third-party sources of information critical to successful vendor onboarding and management.
Easily upload & share documents
Take advantage of a user-friendly interface to upload and share documents, manage workflows, and track due diligence progress throughout the full process.
Customizable workflows & checklists
Benefit from high customisability to ensure the platform fits the needs of your company.
Maintain the highest levels of security & privacy
Stay secure through integration with blockchain technology that ensures confidence in all data and transactions.
Real-time intelligent alerts
Help guide your workflow and benefit from extensive notifications, vendor updates, performance alerts, contract alerts on expiry, and payment alerts on due dates.
Built-in wealth of knowledge and capabilities
Learn and benefit from the extensive knowledge base and broad capabilities to help navigate complex regulatory requirements and industry standards.
Robust AI analytics & reporting capabilities
Get decision-ready insights into due diligence results and vendor performance.
Integration with other software systems or platforms
Easily integrate with accounting software, CRM tools, or project management systems to further enhance your workflow.
Reliable smart contracts
Streamline and secure contract creation and execution between parties via the blockchain network.
We are exceptionally passionate about designing our cutting-edge technology platform to help businesses succeed and thrive in today’s competitive marketplace.