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Get Started
  • Products
    • Brooklyn Contract and Performance
    • Brooklyn Relationship
    • Brooklyn Risk
    • Brooklyn ESGA+
    • E-Meet “Digitised Vendor Tail”
  • Services
    • Fully-managed VendorOps Powered Vendor Management Office
    • Data Enrichment
    • Due Diligence / Risk Assessment & Periodic Refresh
    • Contract Compliance & Key Term Extraction
    • Renewal Management and Workload Planning
    • Custom Dashboards and Surveys
    • Vendor Tail Management Services
    • Vendor Management Maturity Benchmarking
    • VendorOps Trusted Advisor
  • Use Cases
    • EBA Outsourcing
    • EIOPA Outsourcing
    • PRA Outsourcing
    • Same Day On-Boarding
  • Company
    • About us
    • Meet The Team
    • Careers
  • Resources
    • Company News
    • Case Studies
    • Governance
    • Productivity
    • Strategy
    • Templates & Toolkits
    • Webinars
    • Whitepapers
  • Contact
Community Forum
Solutions

Vendor Tail Management Services

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Welcome to Brooklyn Solutions
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A Buyer is the contractor or vendor that provides a service to a business.
A Seller brings contractors and vendors in to a business to deliver a service.

Brooklyn Vendor Tail Management Services

Our Vendor Tail management services are unique to Brooklyn Solutions. Using our proprietary E-Meet technology, we can manage 1000s of vendors at a fraction of the cost.

Business Benefit:

Typically, only 20% of spend resides in the tail vendors. However, the combined risk they represent is significant. This represents a huge resource drain and the controls that need to be considered are:

 

  • Increased risk of the unknown/unmanaged
  • Data loss
  • Reputational damage
  • Inability to centrally control maverick
  • Increased non-compliance against new regulations of tail vendors
  • Missed opportunities to innovate
  • Improved data quality and reporting
  • Increased productivity per FTE

Renewal management includes:

Setting up digital meetings and coordinating any exceptions that come out of these.

Meeting set up for twice a year to consider:

 

  1. Each Contractual Agreement: The current state of the contract arrangement. Have there been changes? Do there need to be some changes? Mutual understanding?
  2. External or Internal Factors – Have there been any recent changes that affect the products and services they provide?
  3. Forward-Looking – Supplying and reviewing roadmap to assess if needs are being met and they are on target
  4. Challenges / Blockers – What are the concerns/challenges. Any inconsistencies or setbacks in the partnership?
  5. Financial Stability & Risk – Checking for signs of company instability
  6. Regular reporting is provided covering the status of each meeting and any output that needs to be considered

Discover Our Services

01.
Maturity Benchmark<br><br> icon
Maturity Benchmark

Benchmark your current maturity against 7 discipline best practice aligned framework and know where your next steps should be focusing on.

Vendor Management Maturity Benchmarking
02.
Trusted Advisor<br><br> icon
Trusted Advisor

Allow an experienced leader to define and advise on strategic vendor management.



VenderOps Trusted Advisors
03.
Brooklyn Services<br><br> icon
Brooklyn Services

Discover Brooklyn's core data management services and automate your processes.



Services

Build A Successful Enterprise Vendor Management Function

Book a demo today or contact our sales team
Get Started Contact Sales
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