Third-party lifecycle management for U.S. operations
Last updated: August 13, 2026
Verdana is a third-party lifecycle management platform that helps U.S. companies onboard, screen, document, and continuously monitor suppliers, contractors, and business partners in a single system. It covers the full relationship: due diligence and sanctions screening at onboarding, contract and insurance tracking, worker-level documentation and site access, purchasing and receiving, and a complete audit trail of every interaction.
The compliance work it removes is specific. Screening every counterparty against OFAC and other restricted-party lists at onboarding and on a recurring schedule, with a dated record of each check. Identifying beneficial ownership and politically exposed persons where anti-corruption exposure exists, including operations abroad subject to the FCPA. Tracking certificates of insurance, W-9s, and licenses with real expiration logic — automatic renewal requests, escalation, and suspension when a certificate lapses instead of a spreadsheet nobody opened. And for importers, maintaining foreign supplier verification records that stand up to an FDA inspection under FSMA.
On the operations side, Verdana manages contractor qualification and site access: company-level documentation, worker-level training and medical records, and access authorizations that connect by API to the site's physical access control system, so a lapsed certificate closes the gate rather than triggering an email. Procurement runs on the same record — requisitions, sourcing events, purchase orders, goods receipt, invoice intake, and budget control by cost center — with two-way integration to SAP and other ERPs.
Verdana serves companies operating across Latin America, the United States, and Europe, which matters for U.S. buyers with suppliers or subsidiaries abroad: one platform, jurisdiction-specific document requirements, consolidated reporting for headquarters. Implementation is led by a named person, and support answers to both sides of the relationship — including the supplier who can't get a document uploaded.
Frequently asked questions
What is third-party lifecycle management software?
It is a system that manages the full relationship with suppliers, contractors and business partners — onboarding and due diligence, contract and document control with expiration logic, worker-level qualification and site access, purchasing, and an auditable record of every interaction. It differs from procurement software in that it manages an ongoing state rather than a transaction.
How do you track certificates of insurance across hundreds of vendors?
By capturing the expiration date at approval and letting the system work from there: renewal requested from the vendor ahead of time through their own portal, escalation on non-response, and automatic suspension of approved status when a certificate lapses. Spreadsheets fail because nobody opens them on the day something expires.
Does Verdana handle OFAC and restricted-party screening?
Yes, at onboarding and on a recurring schedule thereafter, with each check dated and recorded, and alerts resolved as tasks that require a documented reason before closing.
Can it manage suppliers located in Latin America?
That is a core use case: suppliers use a Spanish-language portal built for mobile upload, country-specific document requirements are configured per jurisdiction, and the U.S. parent gets one consolidated view.