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.
Understands how third-party engagements support your business. Uses standard risk assessments to identify and mitigate risks in a specific way for individual vendors.
Uses powerful questionnaire assessment capability to conduct vendor or engagement tiering by invoking information that you gather with risk or compliance questionnaire assessments.
Builds key performance and key risk indicators. Monitors and reports risks on an ongoing basis.