Vendor Prioritization & Scoring

Key Features

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  Inherent Risk Scoring

  Use a simple assessment with clear scoring to track and quantify inherent risks for all suppliers.

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  Profiling & Tiering

  Tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope of ongoing assessments.

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  Categorization

  Categorize vendors with rule-based logic based on a range of data interaction, financial, regulatory and reputational considerations.

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  Community Scoring

  Understand potential exposure from new vendors based on risks tagged to other vendors in similar categories or tiers.

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  Risk Scoring

  Quickly gauge third-party risk levels with consolidated views of risk ratings, counts, scores, and flagged responses for each vendor.

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  Continuous Security Ratings

  Keep vendor risk scores updated with a continuous threat intelligence feed. Combine information on breaches, regulatory violations and other business risks with cyber risk data from threat feeds, paste sites, forums and dark web pages using Prevalent Vendor Threat Monitor or BitSight.

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  Machine Learning Analytics

  Reveal risk trends, status and exceptions to common behavior with embedded machine learning insights. Quickly identify outliers across assessments, tasks, risks, and other factors warranting further investigation or score changes.

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  Automate Response Actions

  Leverage a library of workflow rules to trigger automated playbooks that enable you to appropriately assess and monitor vendors based on their relationship and potential impact to the business.