Vendor Risk Management
Vendor risk management helps organizations centralize governance, risk, and compliance requirements for all vendors and suppliers. It also helps organizations with performing effective risk assessments and follow-up activities in an efficient and logical manner.
RiskView offers an eGRC based Vendor Management that:
- Aggregates vendor profiles, contacts, facilities, contracts, and engagements.
- Uses industry-based (e.g. SIG) vendor risk questionnaires (or build your own in a matter of minutes).
- Reminds vendors and relationship managers and enables them to complete their assessments online.
- Automatically scores vendors’ risk assessments and generates findings for areas of non-compliance.
- Tracks the status of vendors’ remediation activities.
- Measures and reports your vendors’ risk profile, and consequently your organization’s risk exposure.