Extend your capabilities – not your risk
Collabra’s Third Party Risk & Contract Management application helps you manage the full lifecycle of vendor relationships — from due diligence and onboarding to ongoing monitoring and contract renewal. By centralizing all third-party information in one place, you can easily assess risk, monitor compliance, and ensure contractual obligations are met.
Configurable questionnaires, risk scoring, and integrated alerts allow you to stay ahead of potential issues before they escalate. Whether working with vendors, partners, or contractors, Collabra provides the visibility and assurance you need to manage external relationships responsibly.
Supplier Questionnaires
Collabra ensures a comprehensive and efficient vendor management process across the entire lifecycle. When onboarding, you can send vendor questionnaires aligned to the specific type of vendor that you are considering. Simply select a questionnaire from the Collabra library, create your own, or combine them – you decide. Questions even allow for the vendor to add attachments such as insurance certificates of coverage, SOC 2 / Type 2 and/or ISO 27001 certifications, etc.
After the questionnaire is completed by the vendor, you can request further clarification or documentation on specific questions, rather than returning the whole survey – helping ensure a focused and efficient process.
Risk & Criticality Assessment
It is best practice, and required by some regulators, to perform an assessment of vendor risk and criticality. This helps inform the type and level of due diligence, as well ongoing monitoring, that may be required.
Contract Lifecycle Management
Manage the end-to-end contracting process – your way. Just let us know your preferred approach and we’ll align the software to your process. Out of the box, many of the essentials are captured to help inform and automate the contract management process, including:
- Contract Owner
- Contract Type
- Contract Value
- Contract Term
- Contract Start Date
- Recurring Contract – Yes/No
- Legal Review Required – Yes/No
Annual Reviews & Vendor Engagement
Collabra’s Vendor Risk Management application makes annual vendor reviews simple, structured, and purposeful. Automated reminders, configurable questionnaires, and centralized documentation ensure every review is completed consistently and on time. By promoting ongoing engagement and transparent dialogue with vendors, Collabra helps organizations move beyond compliance — fostering stronger partnerships and continuous improvement year over year.
