Evaluates and analyzes vendor risks

IBM® OpenPages® Vendor Risk Management supports firms in assessing, evaluating and analyzing risks that are associated with vendors. OpenPages Vendor Risk Management brings transparency into operational and security activities for vendors and the subcontractors they hire. It provides a scalable way to manage third-party compliance and risk. It enables firms to more clearly understand how individual vendors or engagements relate to key business processes.

Improves vendor management

Creates, maintains and documents all vendors and engagements. Classifies or "tiers" vendors as low, medium, or high in criticality. Streamlines the management of contracts with third-party vendors.

Identifies and mitigates risks

Understands how third-party engagements support your business. Uses standard risk assessments to identify and mitigate risks in a specific way for individual vendors.

Delivers compliance assessments

Uses powerful questionnaire assessment capability to conduct vendor or engagement tiering by invoking information that you gather with risk or compliance questionnaire assessments.

Enables ongoing risk assessments

Builds key performance and key risk indicators. Monitors and reports risks on an ongoing basis.