Vendor Risk Management

Strengthening your vendor risk strategies.

Ensure the Security of Your Business against Vendor-Related Risks with Connected Risk®’s Vendor Risk Management Solution. Our advanced software empowers you to efficiently manage and closely monitor your relationships with service providers and IT suppliers, safeguarding your business performance from any potential disruptions.

Vendor Risk Management by Connected Risk® equips you with a comprehensive suite of tools to proactively assess, mitigate, and control risks associated with your vendors. By implementing a systematic approach, you can identify and prioritize potential vulnerabilities, taking proactive measures to prevent any adverse impact on your business operations.

Your partner in Vendor Risk Management and Cybersecurity Protection

To maintain optimal business performance, it is important to ensure that the utilization of service providers and IT suppliers does not have a detrimental effect. Connected Risk effectively handles the potential risks associated with third-party suppliers by identifying, evaluating, monitoring, and mitigating risks arising from IT products and service providers. By actively notifying about emerging threats related to negative publicity from third parties and establishing predefined tolerance levels, it provides a valuable assessment of risk exposure. This prompts timely warnings and enables the tracking of necessary actions to address the identified risks.

Protect Your Business with Risk Questionnaires and Vendor Risk Management on Connected Risk®

Inventory Management

Develop a comprehensive inventory of all vendors/3rd parties to prioritize necessary actions.

Risk Assessments

Perform Risk Assessments against your vendor inventory to identify problems before they arise.

Vendor Onboarding

Work through our template workflow to onboard new and existing vendors on a continuous basis.

Risk Mitigation

Using reassessment tools and our Issue Remediation engine, ensure that critical issues are dealt with in a timely manner.

Risk Taxonomy

Establish a risk taxonomy that aligns with the inventory of vendors, helping your team stay ahead of the risk curve.

Continuous Monitoring

Don't stop the process of assessing your vendor inventory, risk taxonomy and issue log. Keep these processes flowing with Connected Risk®.

Manage vendor risk with ease.

Talk to a risk expert.

Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today. 

Learn more about our Connected Risk® Vendor Risk Management solution and how it can manage the entire GRC lifecycle within your organisation.

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Learn more about vendor risk management from Empowered Systems®

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"Powerful Platform For Compliance With Dynamic Regulatory Environment"

“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”

Senior Associate, Finance Organization with an annual return of $1-3BN

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