Vendor Risk Management

Onboard vendors in hours, not days.  Manage workflows, not spreadsheets.  Accelerate productivity, not risk.

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Vendor Risk Management helps risk and security teams remove the complexity of managing a growing vendor portfolio. From building your third party inventory through automated invitations, to consolidating document collection in one dashboard, to continuously assessing vendor security hygiene, it is purpose-built for those charged with managing an organization's greatest risk: it’s vendors.

Watch the video for a quick walk-through.

40K

Vendor profiles

3x ROI

Within first six months*

90%

Vendor acceptance rate*

75+%

Time reduction assessing vendors*

Monitor vendor risk from procurement to reassessments to offboarding. With a customized approach to match the organization’s risk tolerance and program maturity, third-party risk management teams can combine workflow automation with objective data when evaluating vendors. Now that’s strategic decision-making.

Step 1. Build

Build your third-party inventory by inviting your vendors to the platform and connecting with them.

Get the datasheet

Step 2. Review

Review their uploaded documents, such as insurances, external audits or assessments, certifications, and questionnaires, all in one place.

Step 3. Analyze

Analyze your evidence in a single dashboard to get the full picture of your vendors’ security posture.

 

Step 4. Monitor

Continuously monitor changes across your portfolio that impact your risk tolerance.

See Continuous Monitoring

 

Elizabeth Olson Lennon
Director of Vendor Management, Alameda Alliance for Health
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We save hundreds of hours annually by using Bitsight. We’ve integrated Bitsight Vendor Risk Management into our onboarding and evaluation process, and it’s helped us identify the actual risk level associated with vendors.”

*As reported by existing Bitsight customers. Actual outcomes will depend upon a variety of factors unique to each customer and are not guaranteed.