Managing vendor risks can be a complicated task, ensuring that all of your expectations are being met, contracts are followed, and relevant standards/regulations are complied with. Within this process of identifying risks and noncompliance, you’ll need to rank vendors by risk score, evaluate policies, and create a concise vendor report for future audits and internal use. When following this process manually or with spreadsheets and file shares, it isn’t feasible to scale to your organization’s needs.
VendorWatch software is the solution to managing vendor risks. The platform helps evaluate vendors by pushing the client, a third-party, or an internal resource through a standardized assessment process that doesn’t require any training. Automate email communication, collection of data, analysis of responses received, remediation activities, and task assignment using our intelligent vendor assessment platform. Develop a plan to eliminate non-performing or risky vendors or issue warnings.
SecureWatch integrates Enterprise Security, Risk and Compliance so we can assess and communicate as one.
Security Operations, Corporate Security,
Customized and complete vendor reporting.
Evaluate vendor performance.
Archives contracts that outline the rights and responsibilities of all parties.
Interactive vendor portal – Have your personnel enter vendor data or allow vendors to log in and upload the information themselves.
Provides evidence of due diligence in selecting a vendor.
Organizes and rates each vendor objectively.
Distributes and monitors compliance surveys to vendors.
Automatically manages tasks like periodic contract reviews and compliance evaluations.
Professional email address to activate trial