THIRD PARTY VENDOR MANAGEMENT
Your organization is only as secure as its weakest link. If your vendors, business associates or business units fail to meet compliance regulations, you also fail. Yet todays siloed and manual methods to assess risk make an already complicated and tedious process even more complex.
Allgress streamlines vendor management with efficient workflows for vendor reviews and risk acceptance, allowing you to more effectively manage 3rd party risk. With bi-directional functionality, the module not only helps organizations handle the assessment of their third party vendors, but also eases the burden when you are the vendor being assessed by your own clients.
• Create a repeatable process for 3rd Party Vendor Assessments
• Maintain a central repository with built in reminder notifications and easy workflows for assessments and risk acceptance.
• Create customized questionnaires with differing types of responses (text only, yes/no, multiple choice, forced comments, etc.).
• Employ weighted scoring to the responses for your customized questionnaires.
• Stack-rank vendors by risk.
• Document how your Vendors meet your standard for due care.
• Help your Vendors improve their risk posture with meaningful reports.
• Manage risk with certainty.
• Provide graphs showing the progress of assessments and who poses risk to the organization.
• Perform threat-modeling assessments.
• Create executive dashboards with empirical data and meaningful reports.
• Leverage rich reporting with many graph and chart options.
• Create and execute remediation plans in real-time to mitigate identified risks.
• Smart survey technology which enables organizations to provide application assurance workflow, third party vendor assurance, and client engagement requests.
•Skip logic capability creates a custom path through the survey that varies based on the respondent’s answers. This skip pattern is customizable based on the rules that you define.
• Easily onboard, risk rank, and classify vendors.