ServiceNow Vendor Risk Management (VRM) is a software solution designed to help organizations identify, assess, and mitigate risks associated with third-party vendors while streamlining compliance processes.

Key Features

Risk Assessment Automation

• Automates vendor risk scoring using predefined criteria
• Provides continuous monitoring of third-party security controls

Compliance Management

• Maps controls to regulatory requirements (ISO, NIST, GDPR)
• Maintains audit-ready documentation

Benefits

Operational Efficiency

• Reduces manual vendor assessment work by up to 70%
• Provides unified dashboard for risk visibility