Understanding Vendor Risk Management

The Vendor Risk Management application provides a centralized process for managing your vendor portfolio and completing the vendor assessment and remediation life cycle. Also, integrating with other GRC applications, provides 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 Executives
    • Corporate Counsel
    • Information Security
    • HR Operations
    • Information Technology