THIRD PARTY
Trust but verify your
partners and vendors.
Because third & fourth party risks are central to your business.
Problems in third party management
Incomplete or Outdated Compliance Data
Ensuring third-party vendors meet compliance standards is critical. However, organizations often receive outdated or incomplete documentation from vendors, such as expired certifications, making it difficult to prove compliance during an audit. Vendors may also delay providing updated compliance documents, further complicating the audit process.
Monitor Ongoing Vendor Risks
After onboarding, continuous monitoring of vendors is essential. Many organizations fail to maintain an ongoing evaluation process, which makes it hard to prove that they are actively managing third-party risks. This can result in audit issues, as auditors require evidence of consistent monitoring.
Vendor Risk Assessment Gaps
Many organizations do not have thorough or updated risk assessments for their third-party vendors. Without regular risk evaluations, auditors may find it challenging to verify that potential vendor risks are being actively managed. Lack of visibility into vendors’ security practices or financial stability could lead to audit red flags, incomplete data collection and insufficient scoring.
Solutions for Overcoming the Complexities of Modern Audits
Complete Vendor Risk Oversight
Manage the entire end-to-end lifecycle of vendor risk assessment
Automated Vendor Risk Ratings
Automatically import vendor risk ratings from your peers and publicly available benchmarks
Effortless Vendor Questionnaires
Plug in vendor questionnaires into your risk program for holistic assessments
Score and Triage Vendor Risks
Uncover gaps, assign remediations, track progress and manage risks
Identify High-Risk Vendors
Stay on top of risks that stem from high risk third parties to develop proactive risk mitigations plans

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Does GRC SOC2 much? It doesn't - because you don't see the problems it prevents