Venkelt

One assessment cycle, end to end

Here's exactly what happens from the first reminder to a ranked, mitigated supplier.

  1. Step 1

    Due date approaches

    About two months before an annual review, Venkelt prepares the cycle and notifies the supplier owner.

  2. Step 2

    Supplier is invited

    A scheduled email goes to the supplier's contact with a secure link to the hosted questionnaire — no login required.

  3. Step 3

    Supplier completes the form

    The supplier representative answers the questionnaire and uploads any required attachments.

  4. Step 4

    AI does the first pass

    AI maps weak answers and unsatisfactory attachments to predefined risk buckets and highlights what to look at — it never decides.

  5. Step 5

    Owner makes decisions

    The supplier owner reviews findings, raises risks, or flags items for further investigation.

  6. Step 6

    Iterate with the supplier

    If more info is needed, a new iteration of the questionnaire is sent. Subsequent rounds are reviewed by the owner directly.

  7. Step 7

    Mitigate raised risks

    Owner and supplier collaborate on a mitigation plan. Once executed, the risk is closed in Venkelt.

  8. Step 8

    Rank the supplier

    When the assessment is complete, the owner answers a short survey and Venkelt derives a supplier rank for the portfolio.

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