Simplify vendor security assessments intuitively and with flexibility

Vendor security is a critical component of meeting regulatory requirements and building a complete cybersecurity strategy.

Vendor Risk Management is changing how companies assess vendor security risk Working with vendors is crucial to your organization's compliance and risk needs. It's vital that the vendors you partner with can be trusted to access, handle and transmit your company's most sensitive information. Smarsh Vendor Risk Management provides effective third-party risk management to keep organizations in regulatory compliance and mitigate risk without the headache – automating and simplifying the most resource-intensive parts of third-party risk evaluation and management.

Features

• **Vendor Risk Management does the hard work for you: **Review vendors, manage remediations, create reports and more from a single cloud-based platform. Easily manage vendors that have access to business-critical data from one centralized database.
• **Increase vendor risk assessment efficiency up to 70%: **Automate time-consuming tasks based on vendor responses. - All answers are automatically scored and filtered by risk rating - All remediation tickets are automatically generated and stored in a library - Get on-demand reporting for every level of your organization
• **Streamline risk remediation and management: **Easily maintain auditable tracking of remediation plans and validation documentation.
• **Get real-time metrics on your vendor risk management program: **Standardize your organization's approach to risk management by connecting teams with cross-functioning reports.
• Manage and customize your 3rd party risk assessments - Choose your own assessment questionnaire or use our licensed content. - Assign assessments to third parties, manage access, and track status - Quickly comment, remediate and score responses and compare them to industry benchmarks
• **Monitor risk at every stage: **Easily track progress, manage communications, and get updates on remediation throughout the assessment process.