“Full-scale” Vendor Diligence is No Longer Optional
New data protection and cybersecurity regulations like the GDPR, 23 NYCRR Part 500 and FAR take vendor diligence requirements to a new level.
Every third-party vendor with access to your systems or data represents a risk. Companies must now routinely and systematically assess all vendors – including presumed “low risk” vendors – at least annually, to demonstrate effective diligence and to document evidence of controls.
Meet your vendor diligence requirements with our streamlined, automated processes built on globally recognized cybersecurity frameworks.
The Vendor Risk Assessment service incorporates globally recognized frameworks and regulatory guidance. It’s the world’s most comprehensive assessment standards for all vendors: law firms, high-risk vendors and – to meet requirements – all the others. Our work is delivered through a our proprietary and powerful service delivery model, and the entire process is supported by our professional staff.
We have fully automated the process of vendor diligence to eliminate error-prone and time-consuming email and spreadsheet reconciliation. Our platform enables vendors to respond quickly and accurately. Built-in heatmapping and robust reporting pinpoint your greatest risks so you can take appropriate remediation steps and document your diligence efforts.
You’ll have the best practice standards and streamlined processes necessary to appropriately assess all your vendors and surface hidden risks:
VENDOR RISK PROFILE STANDARD: Expand your reach and assess (presumed) low-risk vendors to identify and address previously unknown risks.
COMPREHENSIVE RISK STANDARD: Assess all your vendors with any level of access to your systems or data against globally recognized frameworks and ensure compliance with GDPR and other regulations.
LAW FIRMS: Reach your most sensitive-data-laden law firms with our standards built on the ACC Model Controls.
This powerful service enables legal and compliance to meet tough regulatory guidelines and expectations, while supporting IT efforts. Your company must demonstrate evidence of your controls. The Vendor Risk Assessment service is the best, most essential due diligence process available.
Assess All Your Vendors
Your biggest vendors aren’t your only big risks. Expand your reach to all vendors and law firms that may have access to your systems or data to surface hidden risks and demonstrate effective diligence.
Automated & Streamlined Processes
Replace error-prone, resource-intensive spreadsheets with world-class standards and automated processes. We make it easy for vendors to respond rapidly and accurately. You’ll save time, expand your reach and have exceptional evidence of your controls.
We’ve studied and consolidated the most accepted frameworks into a tightly-structured assessment. Identify risks with built-in heatmapping and document your remediation steps.
Fully Supported by our Staff
You’re not on your own. Our experienced team helps you establish and launch your vendor risk assessment program rapidly and provides guidance and support for your ongoing vendor diligence efforts.