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Vendor Risk Management

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Datasheet
Vendor Risk Management
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About this Datasheet

Perform due diligence to the vendor risk management process. Rely on Lockpath to assess, monitor and report on third parties, enabling you to manage risk, influence performance and make more informed decisions. Do more like manage incidents with third parties, support the audit process and create reports for executive leadership and the board.

  1. For anyone responsible for:
    Vendor management, third party due diligence, third party risk management
  2. What you'll learn:
    • How to manage the third-party relationship lifecycle

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Vendor Risk Management

Bring active management to third parties
As an extension of your company, third parties warrant a watchful eye. A supply chain issue can halt production while a third-party data breach can tarnish your brand reputation.

Actively managing third parties can lower the risk of incidents, streamline incident remediation, and promote performance. However, it’s labor intensive and costly to issue and manage third-party assessments. Many companies rely on spreadsheets or point-based solutions that fall short in correlating data across the organization and streamlining activities.

Why manage third-party risk with inferior tools when there is an enterprise-wide solution designed for vendor risk management?

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About NAVEX

NAVEX’s GRC software and compliance management solutions support the integrated risk, ESG and compliance management programs at more than 13,000 organizations worldwide.