Best Vendor Risk Management Software - Page 3

Using old-fashioned tools to manage vendors can be tedious and source of mistakes. It’s often non-standardized and not reliable. Know Your Vendor™ solution helps our clients mitigate supply chain risks by providing a consolidated panorama for due diligence on third parties. Due diligence is conducted to insure integrity in the supply chain and prior to making important business decisions in areas such as corporate mergers/acquisitions, or partnership. Due diligence is a deep background check on a prospect, be it a corporation, its principals or a specific individual.

Streamline global due-diligence by importing your existing database or seamlessly searching across millions of companies for verified and compliant ownership, financial data, certifications, and much more. Helping your team understand the risks across your entire supply chain or third-party network, whilst complying with regulations. Ease the burden with real-time and relevant alerts any time your supplier or third-party is at risk. Surface relevant data by selecting tolerance criteria, disruption events or metrics you want to monitor, and receive these alerts in a channel of your choice. Uncover efficiencies and savings with deep insights and reporting at your fingertips, making the path to digital transformation fast and cost-effective. Whilst improving compliance by following the exact process that meets your standards.

The Black Kite RSI follows a process of inspecting, transforming, and modeling collected from a variety of OSINT sources (internet wide scanners, hacker forums, the deep/dark web and more). Using the data and machine learning, the correlation between control items is identified to provide approximations. Operationalize with a platform that integrates with questionnaires, vendor management systems and process workflows. Automate adherence to cybersecurity compliance requirements and reduce the risk of a breach with a defense in depth approach. The platform uses Open-Source Intelligence (OSINT) and non-intrusive cyber scans to identify potential security risks, without ever touching the target customer. Vulnerabilities and attack patterns identified using 20 categories and 400+ controls, making the Black Kite platform 3x more comprehensive than competitors’.

TrustElements helps to mitigate risk and prioritize investments. Your cyber resiliency score is defined in a percentage after analyzing all loads of data your company owns. TrustElements maps your results to industry frameworks (NIST, CIS, MITRE) and helps to establish a golden standard of cyber resilience by continuously assessing your organization exposure to risks. The TE platform enhances decision making based on your business context and helps to better allocate financial resources. Communicate cybersecurity strategy to the C-level and Board of Directors to strengthen the decision making in Security, IT, and Risk Management. Whether your challenge is vendor risk management, tight security budgets, overcoming resource obstacles or applying the right level of protection and risk management, we have your back to make your company propel.

We’ve harnessed the collective intelligence of world’s top risk assessment and management experts to create our industry leading SIG Questionnaire and the most recognized third party risk certification, CTPRP. The VRMMM, SIG, SCA and Privacy tools are designed to meet the needs across the vendor risk management lifecycle. Certification classes and exams establish a knowledge base and verify third party risk professionals’ expertise. Studies, papers and our blog are member-driven, industry-informed and forward looking. Premier global, multi-industry event to shed light on the processes, technologies, and efficiencies in TPRM.

With SAP Ariba Supplier Risk, you can help your buyers make smarter, safer decisions before purchase, simply by making risk due diligence a natural part of the procurement process. And when your buyers are well-informed, they’ll make decisions that prevent supply chain disruptions. That helps you avoid damage to your revenue or reputation. Also, you’ll gain a high degree of confidence that your supplier information is correct and up to date. This market-leading supplier risk solution lets you tailor risk views and alerts to your business, to each supplier relationship, and to your role. You can also segment suppliers based on your risk exposure. With a complete view of each supplier, you can make more timely, contextual, and accurate business decisions, and improve collaboration with your trading partners. Easily understand your supply base with data provided by integration with SAP ERP, SAP Ariba Procurement, and Ariba Network.

Counself Risk™ is designed for legal, making onboarding a breeze and due diligence an easy check-in. Take advantage of Counself’s library of legal industry best-practice forms, questionnaires, documents, and request templates to expedite your compliance gathering and monitoring processes. Counself RFP™ leverages and compares AFAs to increase price predictability and cost optimization for your legal department. Host sealed bidding events, perform conflict checks, attach custom forms and documents, and send requests to as many firms you want at once, securely and separately. We put data security at the forefront of everything we do because we understand how valuable your data is – to you and to cybercriminals.

Regulators and management need 3rd party assessment that are accurate and not based upon opinions or assumptions. VivoSecuiry enables our customers to satisfy regulators by assessing true 3rd party risk, which is the probability that one of their vendors will have a data breach, obsoleting the use of questionnaires, maturity scores and SOC2 reports. The risk from 3rd parties is from breaches caused by the sheer number of vendors. VivoSecurity quantifies this risk twice per year, with an aggregate forecast. We help senior management set risk appetite goals with a testable forecast of data breach frequency. We help cybersecurity teams identify the few vendors that represent most of the risk, we then quantify the value of mitigation. Finally, we satisfy regulators with an accurate and documented process for vendor assessment using an empirical and transparent regression model for probability of data breach.

Deliver on your internal policies and processes. Minimize regulatory and reputational risks and start working with clients more quickly. Define the purpose of your check: this applies to any new customer or supplier. Identify the company or person you want to audit. Compliance-related information such as sanction lists, media sources and PEP lists becomes available. Add your notes - eg categorization and surveillance reminders. Each run is filed and fully traceable to the employees who handled the process. The runs can then be followed up regularly to secure and automate the department’s processes. Search the data and add your own notes in the system. Keep a dated and timestamped record of the search for compliance purposes. Make faster compliant decisions because you really know your customers.

You can use Rubix to assess the risk of your counter-party right throughout your business relationship. Rubix helps you take prudent credit risks, build a robust supply chain and monitor compliance for your business partners in India and around the world. At the time you are considering taking on a new distributor, dealer, customer, franchisee, supplier, vendor or service provider, it is important to undertake an on-boarding risk assessment of the firm. If you are a Bank/ Fintech/ NBFC, you should conduct an Identity check (KYC, AML and Compliance) at the time of loan origination followed by an independent credit risk assessment at the loan decisioning stage. A firm’s risk profile changes quite rapidly, especially in today’s interconnected world and volatile business environment. Once you sign up with Rubix to monitor your portfolio, you will be able to track changes in the firm’s risk profile and key developments impacting it on the Rubix automated risk management system.

Attackers move at the speed of bleeding-edge tech & open-source knowledge. Corporations drag an anchor of legacy GRCs & spreadsheet assessments. SecurityGate.io is the risk management acceleration platform industrial companies use to improve cybersecurity faster. Fast SaaS assessment workflows & reporting automation replace slow, disruptive processes. Blend risk assessments with real-time security data to see where risk is today and forecast where it will be tomorrow. Remediation workflows, supplier risk management, audits, progress tracking & notifications, are all simplified in one place. They have difficulty understanding what’s valuable in the data and what to do next. They often have trouble translating cyber risk into business terms. The risk management activities seem to go on forever, they’re expensive, and it’s difficult to show the ROI. The platform automatically visualizes the data and highlights what’s important, making next-step decisions easier.

ISG GovernX® is the first third-party management platform that allows you to proactively optimize the value of your supplier relationships, mitigate risks and manage the contract lifecycle with speed and agility. Get control of your third-party environment, improve supplier performance and decrease spend. Leverage ISG’s knowledge and insights borne from more than $460 billion worth of enterprise client-supplier transactions. Automate the entire lifecycle of third-party risk management. Minimize exposure to financial, reputation, operational, and identify risk exposure from your third parties. From onboarding, assessments, and remediations to performance monitoring and reviews, gain efficiency by automating your workflow, integration, and on-going notifications. Maintain insight and oversight of your third-party portfolio. Orchestrate and manage your complex environment of third-party relationships in one easy-to-use dashboard.

Reduce sourcing and supplier risk to ensure the flow of materials to protect production, revenue and reputation through multi-tier supply network risk analytics. Manage enterprise supply chain risk and business continuity with a predictive, dynamic, connected view of sourcing, procurement, and logistics risks. Improve on time and in full service with predictive analytics during transportation planning and in-transit, making risk and volatility a competitive advantage. Customers trust Everstream to ensure business continuity, mitigate risks, and turn potential disruptions into a competitive advantage. Subscribers gain access to our in-depth reports on supply chain risks and trends and can receive alerts and weekly briefings on events impacting global supply chains. Predict, prioritize, and mitigate risks before they impact assets and revenue. React to disruptive events quickly, efficiently, and collaboratively to save time and money.

SupplierBase is designed to help you create an automated and consistent supplier experience across your organisation by giving you a consolidated real-time view of your supplier relationships. We're continually improving the platform, adding new functionality and features, to help make SupplierBase a holistic and adaptive leader in supplier management technology. SupplierBase is modular in nature, enabling the tool to grow with your organisation, goals, and objectives, all whilst delivering a centralised hub for supply management that can be integrated within your existing technology footprint. Focus on driving additional value and optimisation with your key suppliers by automating the activities that are less important to your business. Manage suppliers via a single shared interface where your team, stakeholders, and suppliers can easily connect, share information, and manage activities.

Supply Chain Catalyst, provides a 360-degree view of suppliers across financial, sustainability, reputational and operational risk factors to assist the user to analyze vulnerabilities and anticipate potential disruptions across the supply chain. It helps organizations with complex supply chains and distribution networks to make better decisions when onboarding and monitoring their suppliers, and to mitigate exposure to risk in their supply chains. Powered by the award-winning Orbis database, Supply Chain Catalyst helps organizations to focus on specific risk factors such as financial deterioration, reputational risks, and exposure to major climate events, as well as enterprise-wide risk. It allows firms to combine their own knowledge of suppliers with our extensive company information, robust risk metrics, and extensive analytical tools.

VISO TRUST's AI-powered third-party risk platform lets your security team effortlessly access risk intelligence for any number of third parties. Instantly assess all your third parties without hiring additional analysts and take action to reduce risk without reading documents and analyzing surveys. Leverage data from thousands of vendors to gain unparalleled risk intelligence. VISO TRUST is the only SaaS third-party cyber risk management platform that delivers the rapid security intelligence needed for modern companies to make critical risk decisions early in the procurement process. Frictionless due diligence simplifies an otherwise complex process and allows companies to effortlessly assess any number of third parties. Leverage curated AI to extract insights from source artifacts and automatically determine vendor security posture without any user interaction. Gain a comprehensive overview of your organization's cyber risk posture and make data-driven decisions to reduce risk.

Analyze vendor and contractor SBOMs, perform pre-purchase due diligence and ongoing verification of compliance with cybersecurity terms and conditions. Generate SBOMs for customers, enhance risk protection, provide third-party certification of supply chain assurance. Enforce enterprise policies consistently across internal development, outsourced software development and commercial products. Automate verification of compliance with security SLAs. The Ion Channel platform tames the complexity of supply chain risk management. Ion Channel enriches software inventories, manifests and SBOMs with supply chain intelligence and proprietary analytics to support low false positives, clear actions and unparalleled insights.

Whether it concerns cyber, sustainability, compliance, or continuity risks, your supplier (third-party) relationships are a growing area of concern. The occurrence and impact of third-party incidents and compliance obligations are increasing. Our platform serves as a secure, all-in-one hub, facilitating multidisciplinary collaboration among all internal risk disciplines, business teams, and third-party partners. It enables the seamless and secure sharing of documents and questionnaires, while also providing a collaborative space for working on shared requirements. While working on one platform, internal teams can choose what information they would like to share with other teams and external parties. Our third-party catalog connects seamlessly with your internal procurement systems and external data feeds, creating a centralized overview of your entire third-party landscape. This comprehensive view includes everything you need to know about contracts and specific characteristics.

Harness the power of Aravo’s flexible, end-to-end workflow automation and AI decision making support. Built on our award-winning Saas platform, you’ll always be agile in a rapidly changing business and regulatory environment. Whether you’re just coming off spreadsheets and need to stand up a program quickly and confidently, or you need a solution mapped to your own defined third-party governance framework, we have the right solution for your program maturity, size, and budget. Leverage our unparalleled experience of delivering successful third-party risk management programs for many of the world’s most respected brands. No other provider has the scope of coverage across supplier risk and performance, third-party management and IT vendor risk management.

The Risk Ledger platform gives clients all the tools they need to run a comprehensive, cyber security-led, third-party risk management programme against their entire supply chain at speed and at scale while making it simple, free and fast for third parties to engage with the process and improve their risk management maturity. Our unique secure network model allows every organisation to both run a third-party risk management programme and respond to client risk assessments, facilitating a network of trust relationships between organisations on the platform. Organisations running a third-party risk management programme on the Risk Ledger platform benefit from: - continuous monitoring of risk controls implemented in their supply chain - visibility beyond third-parties to fourth, fifth and sixth parties - procurement cycles reduced by up to 80% - Increased supplier engagement - low per-supplier costs

Supply chains are complex, organic networks of relationships that grow extensively over time. Statistics show that two-thirds of security breaches originate from third parties. C2 Cyber’s Cobra platform immediately assesses the inherent risk of a supplier, saving time from the start. It then recommends a tier of service for each supplier that matches both the risk presented and the client’s risk appetite.

Veriforce® is a recognized leader in delivering comprehensive, integrated supply chain risk management solutions that help bring workers home safely and optimize business performance. The company’s SaaS safety and compliance platform, data integrity and verification practices, and standardized safety training programs empower leading organizations to drive safety and compliance into their supply chains and down to the worker level. As the world’s largest supply chain risk management network, Veriforce partners with over 3,200 hiring companies in over 130 countries, serving more than 80,000 contractors, over 7,000 authorized instructors and evaluators, and millions of individual workers. This network makes Veriforce the preferred partner for companies that strive to ensure a safe, qualified third-party workforce. Company offices are in the U.S., Canada, South Africa, and the United Kingdom. For more information, visit veriforce.com.