Benefit from a Single, Centralized Vendor Directory: manage all vendor information-- from documents, to policies, to risk profiles--in a single, centralized, cloud-based platform, leverage attributes like criticality and inherent risk levels to segment vendors into multiple risk tiers.
Manage New Vendor Selection an Onboarding: streamline pre-contract inherent risk analysis for new vendors by sending surveys and questionnaires to multiple internal teams, segment vendors into multiple tiers based on attributes such as criticality and inherent risk, use inherent risk analysis to conduct detailed vendor due diligence and assess appropriate vendor controls.
Automate Ongoing Risk Assessments, Audits and Monitoring: leverage our integrated industry standard templates like SIG and AITEC--or upload your own existing, proprietary questionnaires, publish "one-time" or create a recurring schedule to automatically send out the appropriate questionnaire.
Provide Third Parties With a Robust Application to Respond: provide vendors and third parties with access to Vendor360 at no cost, giving them access to your Vendor360 instance negates the need for version control, emails, and miscellaneous attachments.
Streamline Evaluation of Third-Party Responses: evaluate responses on multiple dimensions and auto-score via our flexible scoring engine, clarify questions, resolve issues and collaborate in one application.
Manage Issues and Track to Remediation: identify and raise the visibility of issues at a question or section level, capture important details about specific issue severity, resolutions recommendations and issue status.
Gain Insights and Monitor Third Party & Vendor Risk Trends with Analytics: gain comprehensive visibility into trends, risk, and status of third parties, compare performance, score, and risk of third parties and run cross-vendor comparisons, leverage deep search capabilities to quickly and easily find relevant items.