Understanding Vendor Risk Management

The Vendor Risk Management application provides a centralized process for managing your organization's vendor portfolio and completing the vendor assessment and remediation lifecycle. Also, integrating with other GRC applications, provides top-down traceability for compliance with controls and risks.

Who uses Vendor Risk Management?

  • Risk analysts
  • Vendor risk manager
  • Functional department heads responsible for vendor compliance. For example:
    • Account Executive
    • Senior Corporate Counsel
    • Director, Information Security
    • Director, HR Operations
    • Director, Information Technology

Vendor Risk Management workflow