Danske Bank Group has selected Brooklyn Vendor Assurance’s next generation Vendor Management platform BrooklynVA, to support and scale the Bank’s contract management capabilities and collaboratively improve regulatory compliance across its most strategic IT suppliers. The engagement starts with a 3 month pilot phase which once successful will lead to a wider rollout.
Lone Arnholtz, Head of Danske Bank IT Contract and Performance Management said: “Using Brooklyn Vendor Assurance, Danske Bank aims to automate and streamline our contract management processes to ensure we continually maximise the value of our supplier relationships in terms of cost, value, agility at lowest risk.”
Jesse Lee, CEO at Brooklyn Vendor Assurance, added: “Having worked closely with Danske Bank for some time now we are delighted to have been selected for this critical initiative which will give them instant visibility of supplier performance and risk across their 3rd party supplier ecosystem.”
Our mission is to digitise and automate the practice of vendor management for the world’s leading Procurement organisations globally
About Brooklyn Vendor Assurance – transforming Supplier Relationship Management
Brooklyn Vendor Assurance (BrooklynVA) is the first Enterprise SaaS software platform purpose-built for Supplier Relationship Managers (SRMs) and Contract Managers (CMs) to maximise business value across their 3rd Party Supplier ecosystem.
Today’s Best-in-Class Procurement functions are expanding beyond pure sourcing to post-contract vendor management, in order to lower costs, increase agility, drive innovation and reduce risk. BrooklynVA is the only integrated platform for doing this effectively at scale, to minimise the 10-15% of contract value leakage, lost annually from suppliers.
BrooklynVA surpasses legacy tools by digitising the entire vendor management lifecycle, to better control supplier obligations, performance and risk in one easy-to-use platform. BrooklynVA’s unique best practice policy-driven approach proactively guides SRM and CM teams with simple workflow to ensure obligations are met, risks mitigated and actions completed, with instant visibility of supplier performance, compliance and risk, across the full 3rd party ecosystem.
For further information please contact:
Saqib Rizvi, VP Sales