Do you know which of your vendors may be putting your organization at risk? ComplyScore’s vendor management system is tailored to your business’ specific needs. It ensures vendor compliance with regulatory and organizational requirements while reducing costs and minimizing system complexity. The software rates your vendor’s security against predefined criteria that can be monitored and adjusted over time.
Vendor Management Software Solutions
A vendor management program is an intricate framework that requires keeping track of:
- Who your existing third-party vendors are and whether new vendors are to be trusted with sensitive organizational data.
- What services are provided by the vendor at any given time.
- What sensitive data do they have access to and whether the level of access they are given is warranted.
- Which internal policies apply to the vendors and whether these policies should be updated to reflect changing potential risks and access needs.
Vendor management solutions like ComplyScore’s advanced platform take away the hassle of 3rd party vendor assessments and bring scale and speed to your vendor assessment needs across the globe. Key features include:
- Profile-based targeted assessments that cover nature of the business, access to and type of data, and products or services provided.
- Multiple standards and frameworks including NIST, HITRUST, SIG and more.
- Online communications that improve collaboration and transparency.
- Fully audited and documented vendor online interactions.
You also get rich analytics and powerful dashboards that offer unparalleled reporting capabilities to analyze vendor risks.
Get Started Creating a Vendor Management Framework
The function of a vendor management program is to identify third-party vendors who could be putting your business at risk and then determine controls to minimize them. But these policies can be difficult to implement.
Does your organization want an easy way to scale your vendor management program while reducing administrative overhead, costs, and vendor risk? ComplyScore’s end-to-end services and maximum vendor coverage offer a proactive approach to your overall vendor management system that protects sensitive data and your bottom line. Contact us to learn more.