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   Corporate Governance (Vendor Risk Management – VRM – Software)

 

  • Vendor risk management (VRM) software platforms are used to assess, identify, manage and monitor vendor risks for the enterprise, by centralizing enterprise vendor data and facilitating the vendor risk management lifecycle process.

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  • At a minimum, VRM software platforms should provide: alerts; artificial intelligence (AI); business continuity planning; compliance management; criticality analytics; customization; due diligence; forms repository; identification and tracking of risk-positive entities; incident reporting; insurance monitoring; internal controls management; key performance indicator (KPI) scores management; machine learning (ML); managing service level agreements (SLAs); notifications; off-boarding management; on-boarding management; operations management; performance tracking; questionnaires management; residual risk analytics; risk identification processes; risk mapping; security posture management; security protocols maintenance; self-service portal; vendor audits; templates repository; vendor business profile management; vendor document management; vendor investigations; vendor management; vendor ratings management; vendor risk assessments; workflow management.

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  • Procurement, recommendation, research, sourcing, specification, testing and use of various VRM software platforms, such as: 3rdRisk; Allgress; Aravo Third-Party Management; Archer Third Party Governance; BitSight Security Ratings Platform; Black Kite Cyber Risk Rating System; Brinqa Vendor Risk Management; BWise Vendor Risk Management; Censinet Third-Party Vendor Risk Management; Coupa BSM Platform; CyberGRX Exchange; CyberScore; FlentisPRO VMS; Fusion Framework System; Galvanize ThirdPartyBond; HighBond; Insight Risk Management Suite; Kissflow Procurement Cloud; LogicGate Risk Cloud; LogicManager; MetricStream Vendor Risk Management; NAVEX Lockpath; Ncontracts; OneTrust Third-Party Risk Management; OneTrust Vendorpedia; Openly Vendor Monitor; Onspring; Ostendio; Panorays; Prevalent Third-Party Risk Management; Privva Vendor Risk Management; ProcessBolt; ProcessUnity Vendor Risk Management; Quantivate Vendor Management Software; Resolver Vendor Risk Management; RiskRecon; SAI360 Third-Party Risk & Vendor Risk Management; SAP Fieldglass; SecurityScorecard Platform; Seemplicity; ServiceNow Vendor Risk Management; Software Secureframe; START VRM; Tradogram; TrustArc Vendor Risk Management; Tugboat Logic; UpGuard Vendor Risk; Vendora; VendorINSIGHT; VendorPoint; Venminder; Whistic; Worksuite.

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