The Challenge
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.
The Solution
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,
AVANGRID
Key Benefits
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.
Additional Benefits
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.
Product Overview
A Vendor Security Risk Assessment Platform
VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.
An Intelligent Physical Security Risk Assessment Platform
SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.
An Information Security Risk Management Platform
CyberWatch is a modern assessment solution that can be utilized by various industries for cyber security and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cyber security, and track continuous improvement.
A Compliance Assessment and Management Platform
ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.
A Supplier Security Risk Assessment Platform
SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.
Reduce exposure to liability. Manage risk. Monitor and maintain security.
Track continuous improvement. Sign up for instant access to a free trial.
Professional email address to activate trial
