Risk Management for Suppliers
Working with a third party has a lot of risks. Miscommunication errors, unreliable service delivery, a poor reputation and failure to comply are just a few of the major supplier risks an organization is looking at when using a third party to supply its goods or services.
SecureWatch, our assessment solution, is primarily used as a risk management software for assessing and managing risk and compliance. It can help you address and improve in each necessary area without adding additional staff or resources. SecureWatch can assist you in keeping track of all of your third parties, making sure they get the job done reliably and as promised. Overall, minimizing your supplier risk.
SecureWatch integrates Enterprise Security, Risk and Compliance so we can assess and communicate as one.
A single view of risk across your entire 3rd party landscape with individual risk scores for each supplier.
Actively monitor trends to anticipate and address potential issues and proactively prepare contingency plans.
Understanding the risks and their potential impact and communicating them to the decision makers.
Dashboards and automated reports for executive management and board-level oversight.
Helping map needs against available resources.
Ensure your partners are compliant with state and federal regulations, relevant industry standards, guidelines and best practices.
Centralized repository for contracts, agreements, certifications, audit results, etc.