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®
Managing and Mitigating Third-Party Risk: A Comprehensive Guide
In today’s interconnected business landscape, the practice of outsourcing production or services has become a staple for enterprises seeking to leverage specialized skills and cost
The Evolution and Essentiality of Vendor Risk Management in Modern Business
In the ever-expanding digital marketplace, the practice of Vendor Risk Management (VRM) has evolved from a simple check-list task to a complex and strategic imperative
Ensuring Financial Stability: Navigating Vendor Risks in Uncertain Economic Times
In the ever-evolving landscape of finance and banking, the specter of economic downturns looms large, presenting a challenge that institutions must navigate with foresight and
Maximizing Vendor Management in Financial Institutions: Integrating the Three Lines Model for Effective Risk Management
The strategic integration of a robust vendor management program within financial institutions has become paramount. As organizations increasingly rely on a diverse ecosystem of third-party
Expand and integrate your solution with
Operational Risk Management
Quickly identify, capture and manage multiple sources of risk across the enterprise.
Compliance Management
Aggregate and streamline compliance programs and reveal an understanding of your risks.
Audit Management
Simplify the workflow and collaboration process of compiling audits.
"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
