Empowering vendor managers with a centralized Vendor Risk Data Platform to quickly get to their own truth through a
centralized logic library that ensures:
Whether you want focus on backups of a critical database with a cloud vendor, or validation of key controls across your top 20 vendors,
aligning auditors to your requirements restores trust and increases velocity for pennies on the dollar.
Millions of dollars and thousands of hours are spent every year on vendor risk management, by vendors and vendor managers alike. For what?
Major breaches still occur every day.
SOC 2, reports (and others) have proven worthless, which led to the introduction of the FAQ. The FAQ is now proving worthless as well, meaning all that time and money is wasted on a conflicted model that yields no truth, scale, or measurable risk reduction. In fact, vendor risk is higher today than ever before.