VMO Platform Decision Matrix – Article #1

TVMES experts continues to strive by working together with industry experts to identify simplified solutions to the problems faced by VMO leaders. It is our pleasure to present you a robust and logical solution which will help you choose the right VMO platform of your choice.

VMO Platform Decision Matrix

Choosing a platform becomes a cumbersome decision as vendor management leaders continue to have limited viable options and experience significant internal pressure from procurement or risk organizations to leverage their platforms. Even the few Vendor Management platform options available do not appear to have product roadmaps aligned to the real VMO challenges faced by VMO leaders. Vendors end up customizing their offering and enter into the realm of no point of return. The final outcome is scrapping the solution due to negative ROI.

To help clients successfully meet this challenge and deploy a vendor management platform that delivers intelligence to drive business value, TVMES has developed a comprehensive VMO platform selection criteria to enable organizations to effectively determine appropriateness of a platform for their specific requirements. We believe these core dimensions enables VMO leaders to proactively manage post-award contract management, finance management, relationship management, risk management and performance management with deep analysis producing intelligence that elevates the VMO to a strategic asset.

Top 5 Evaluation Criteria for VMO Platform

TVMES will expand upon these 5 core criteria in upcoming post to help VMO leaders determine the appropriateness of a platform to meet their requirements.

Please share your opinions and comments Or write to me at suresh.subbu@tvmes.com

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