Vendor Risk Manager

Reduce the time and cost associated with managing Vendor Risk Management programs while improving the ability to accurately calculate risk exposure and properly manage risks within acceptable tolerance levels.

Key Features

  • Rate and classify vendors using simple classification assessment
  • Dynamically assign applicable controls based on vendor classification
  • Automatically generate assessment questionnaire based on applicable controls
  • Enforce different assessment requirements and frequencies by vendor criticality
  • Delegate administration of vendor survey responders to vendor key contacts
  • Enable ad-hoc delegation of assessment questions and streamline aggregation of responses
  • Reduce vendor training and support requirements with intuitive web based assessment interface
  • Measure and report compliance by vendor criticality, by region, or by business unit
  • Provide a single repository for all vendor compliance and risk related documents, including policy and control, evidence and supporting document, exceptions and approvals, contracts and service agreements
  • Collaborate with vendors on remediation of identified gaps and monitor resolution status

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