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®.
Vendor risk management doesn't have to be complicated.
Talk to one of our experts
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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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 programmes 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 Organisation with an annual return of $1-3BN USD
