Third-Party Risk & Vendor
Risk Management
Third Party Vendor Risk Management (TPRM or VRM) software remains a critical component of an organization’s risk management program. Vendor risks continue to proliferate from infiltration and fraud, to cyber-attacks and regulatory activity. SAI360’s Vendor Risk Management software provides executives and Boards with the assurance that third party vendor risk is being adequately identified, assessed, managed, and monitored.
Scale your coverage of third-party onboarding and assessments
- Centralize vendor records for a single view of location, asset, 4th party, risk profile and scoring data
- Prioritize effort by criticality
- Expertise built-in to meet industry standards: SIG 2020, NIST CSF, Center for Internet Security (CIS) Top 20
- Proactively identify potential risks, verify compliance, monitor for changes
Proactively identify potential risks, verify compliance, monitor for changes
- Mitigate vendor risks, track exceptions and complete an action plan
- Ongoing third-party screening for cyber, financial, credit and other risk via SecurityScorecard, WorldCheck, Argos Risk and more
- Automatic alerts on vendor updates and overall risk score changes
Keep contracts organized and current
- Manage contracts from one central repository
for better accountability and cost control - Automate collaboration, review and approval
with alerts for key dates and assignments - Keep everyone on track for timely revisions
to ensure no automatic contract renewal
Efficiently manage all stages of your contract lifecycle
- Keep contracts organized and current
- Improve visibility for timely revisions to ensure no automatic contract renewal
- Inform critical process owners of contract risks
Explore all capabilities
Vendor Profiling Portal
Easily on-board and prioritize vendors with a highly configurable profiling portal that fits to your needs with custom forms and questions. Leverage an easy-to-use wizard that can trigger automated controls, assessment settings and alert messages.
Third-Party Risk Screening
Expand your network of third-party vendors and save time with streamlined on-boarding and risk rating scores for security, financial posture and exclusions that prioritize vendors and allocate resources based on their criticality and relevance to the business.
Vendor Risk Assessments & Surveys
Reduce questionnaire overload, scale to support thousands of vendors and understand your vendors’ gaps by performing multiple levels of vendor risk assessments more efficiently and effectively without the traditional use of unreliable email and spreadsheets.
Automated Due Diligence & Continuous Monitoring
Supplement manual risk assessments, stay informed when important events related to a vendor occur and understand vendors more thoroughly with on-going third-party screening for financial, cyber, credit and other vendor risks.
Dashboards & Analytics
Get a true picture of your vendor risk profile and determine clear next steps with pre-configured risk intelligence reports with slice-and-dice and visualization capabilities of the results of your vendor risk findings.
What our Customers are Saying
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Kind regards,
The SAI360 team