Third-Party Vendor Risk Assessment

Leverage 50+ pre-defined assessments including SIG Core, SIG Lite and H-ISAC standardized questionnaires, as well as GDPR, FCA, PCI-DSS, ISO 27001, NIST and more with the Prevalent Compliance Framework (PCF). It’s also easy to build custom questionnaires with risk and control elements relevant to your business.

Quickly specify the “what, when and how” behind assessments; conduct assessments proactively, on a fixed schedule, or both; monitor real-time questionnaire completion progress; and set automated chasing reminders to keep surveys on schedule.

Generate risk registers upon survey completion, filtering out noise and focusing on areas of concern. Understand vendor risk ratings with real-time results, and generate reports to document status by regulation.

Efficiently communicate with vendors and coordinate remediation efforts. Capture and audit conversations; record estimated completion dates; assign tasks based on risks, documents or entities; and match documentation and evidence to risks.

Reveal risk trends and status for individual vendors or groups. Quickly get the details you need via interactive charts with filtering and drill-down capabilities (e.g., view status by compliance requirement).

Automatically map information gathered from control-based assessments to regulatory frameworks including ISO 27001, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, SOX, and NYDFS to quickly visualize and address important compliance requirements.

Identify relationships between your organization and third parties to discover dependencies and visualize information paths.

Provide an overview of tasks, schedules, risk activities, response status, agreements and documents.

Centralize agreements, contracts and supporting evidence with built-in task and acceptance management, plus mandatory upload features.

Simplify vendor management with dashboards for individual entities and entity groups. Capabilities include bulk entity import; assessment and remediation status reporting; entity categorization by criticality to the business; and other functions for managing the full vendor lifecycle.