Measuring and maintaining the continuing success of your vendor risk program from contract through audit and review.
Repeatable Vendor Due Diligence
The establishment of a centralized and standard solution for managing all of your SPs, coupled with automation of processes for your vendor risk management program, enables companies to manage the risks associated with using 3rd party service providers while increasing visibility into vendor performance. Conducting assessments, performing due diligence, accepting, remediating, and tracking risks and ensuring comprehensive visibility into overall vendor program risk can be simplified while accountability is enforced.
Key Features
- Robust vendor risk process maturity model includes support for CMM and COBIT standards
- Centralized vendor profile repository manages contracts, assessments and evidence
- Out of the box integration with industry leading-contract management systems
- Centralized vendor risk assessment management, including scheduling, tracking, auditing and compliance reporting
- Customizable baseline assessments for vendor categorization
- Unified, business-user friendly, interface for creating, completing, attaching evidence and reporting on all assessment activities
- Certification management of risk valuations
- Vendor risk issue management system tracks and audits issues and associated action plans
- Trending and Analysis of VRM Program improvements
- Executive dashboards report on the organizations vendor risk posture and provide drill down to specific vendor or contract views
Key Benefits
- Lower costs by standardizing vendor risk management framework and providing a unified location for vendor risk program management, reporting and dashboards
- Reduced costs and comprehensive coverage through seamless integration with your contract management system
- Increased accountability for the vendor risk program manager through visibility into adherence to standardized and documented processes
- Increased efficiencies through automation of issue and remediation action plan tracking
- Continuous validation of the vendor risk program effectiveness through evaluation against an established maturity model
For more information, download the Vendor Risk Manager Datasheet 
(PDF).
