Gaithersburg, MD (PRWEB)
October 03, 2017
Vendor Centric, a leading procurement and vendor management consultancy and VendorRisk, a leading procurement & vendor management software provider, today announced the release of a new feature in VendorRisk that automates the process for exclusion searches in the System for Award Management (SAM) database. The new feature was a collaborative effort between the two companies to help federal grant recipients streamline procurement management and comply with the new Uniform Guidance procurement standards.
“A large part of our client base consists of federal grant recipients,” said Tom Rogers, CEO of Vendor Centric. “We’ve come to learn that many of them spend an incredible amount of time performing manual SAM exclusion search. So we reached out to our procurement management software partner, VendorRisk, to see if they could create a direct interface with the SAM database to streamline this tedious process.”
The new interface between VendorRisk and SAM provides for a continual, real-time check against the SAM database of any vendor (or subrecipient) profile maintained in VendorRisk. The check can be set to run on a pre-defined interval, and to create an audit trail of day, time and results of the search. Further, VendorRisk can be set to electronically notify an organization whenever a match with the SAM database has been made.
“We are continually looking for ways to improve VendorRisk and were excited when our partners at Vendor Centric presented us with this idea,” said Gavin Mac Carthy, Co-Founder and Partner at VendorRisk. “Vendor Centric brings a wealth of knowledge and experience in the nonprofit sector. They presented us…