Third-party and vendor risk management is a critical issue for all companies due to regulations and cyber threats. Every new, third-party relationship introduces business risk - regulatory, financial, security or reputational. This leaves many companies managing this risk with manual, highly inefficient processes can create its own risks. Other companies have an automated process but are bogged down with inflexible, legacy GRC systems. What's needed is a smart, efficient and comprehensive platform that automates the full lifecycle of risk management processes and frees up employees to focus on analytics, insights and true management of vendor risk.
To meet the demand for a comprehensive vendor risk management platform, CENTRL offers Vendor360 that provides end-to-end risk management for all stages of the vendor lifecycle. It includes intuitive workflows to automate third-party information gathering, streamline evaluations and issues management, and simplify collaboration with third parties. To facilitate this collaboration and content sharing, there is a single repository of all vendor documents, assessments, issues and activities. The CENTRL platform also provides deep analytics and reporting to help companies drive strategic business decisions. With all of Vendor360's intelligence, it's still easy to configure and you can get started quickly without the need for long implementation cycles.
Comprehensive platform for monitoring, assessing, identifying and mitigating risks with CENTRL's Vendor360
Robust workflows to manage the risk assessment and evaluation process
Manage issues and track remediation
Rich library of content
Advanced analytics and AI for better decision-making