Third Party & Vendor Risk Management Software

Advanced and flexible third party risk management platform for aggregating your vendor data, automating your assessments and getting control over your vendor risk management process.

Rapid deployment

Through quickstart templates, pre-built connectors, and cloud-based open API architecture

Improve Efficiency by 50%+

Through easy-to-use workflows, automation, and a unified platform

Enhance Risk Oversight

With enhanced risk insights and actionable intelligence

Benefit from 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 risk, spend, contract information, and other attributes for each vendor at the product, service and engagement levels.
  • Get a comprehensive view of all vendor data in one place.
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Benefit from Single, Centralized Vendor Directory

Manage New Vendor Selection & Onboarding

  • Streamline pre-contract inherent risk analysis for new vendors by sending surveys and questionnaires to multiple internal teams.
  • Manage inherent risk for each vendor at the engagement, product, and service levels.
  • 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.
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Manage New Vendor Selection & Onboarding

Automate Ongoing Risk Assessments, Audits and Monitoring

  • Conduct third-party assessments, onsite audits, and surveys to monitor risk.
  • Leverage our integrated industry standard templates like SIG and AITEC--or upload your own existing, proprietary questionnaires.
  • Map controls questions or sections to regulatory guidelines like COBIT, PCI, and many more.
  • Publish "one-time" or create a recurring schedule to automatically send out the appropriate questionnaire.
  • Prepopulate questionnaires with previously submitted answers from Vendors to focus on only what has changed.
  • Track assessment progress, manage due dates and review status of questionnaires across the third party portfolio.
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Automate Ongoing Risk Assessments, Audits and Monitoring

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.
  • When third parties use Vendor360's collaboration, document or questionnaire assignments, and approval workflows, you share a common tool with progress monitoring and reports.
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Provide Third Parties With a Robust Application to Respond

Streamline Evaluation of Third-Party Responses

  • Evaluate responses on multiple dimensions and auto-score via our flexible scoring engine.
  • Assign sections or questions to other subject matter experts for evaluation.
  • Leverage Vendor360's auto-scoring to evaluate answers and flag deviations.
  • Clarify questions, resolve issues and collaborate in one application.
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Streamline Evaluation of Third-Party Responses

Manage Issues and Track to Remediation

  • Identify and raise the visibility of issues at a question or section level.
  • Collaborate with third parties and request updates on issues within the common application.
  • Capture important details about specific issue severity, resolutions recommendations and issue status.
  • All communications are captured and in context, in case of an audit or future questions.
  • Create action plans and manage progress from start to completion.
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Manage Issues and Track to Remediation

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.
  • Analyze aggregate third-party data or drill down to partner/product/service/or engagement details to understand source of risk.
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Gain Insights and Monitor Third Party & Vendor Risk Trends with Analytics

Learn how CENTRL can help with your Vendor Risk Management Program

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