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BitSight Vendor Risk Management (VRM)

Ensure vendors are within your organization’s risk tolerance with a best-in-class vendor risk management solution. Manage risk throughout the entire vendor lifecycle with quick and confident risk decisions powered by automation and objective cyber risk analytics.

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Ensure vendors are within your organization’s risk tolerance with a best-in-class vendor risk management solution. Manage risk throughout the entire vendor lifecycle with quick and confident risk decisions powered by automation and objective cyber risk analytics.

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BitSight VRM by ThirdPartyTrust (a BitSight company) fits seamlessly into your current third-party risk management process, helping manage vendor risk from procurement all the way through the vendor relationship. 

With a customized approach to match your organization’s risk tolerance and program maturity, third-party risk management teams can combine workflow automation with objective data when evaluating third-party vendors to match both organizational and cybersecurity requirements.

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Focus time and resources on the most critical parts of your vendor ecosystem

Focus time and resources on the most critical parts of your vendor ecosystem

Assure company stakeholders of program performance

Assure company stakeholders of program performance

Maintain productive and trust-based relationships with your vendors

Maintain productive and trust-based relationships with your vendors

Scale your vendor ecosystem to match the growing needs of your organization

Scale your vendor ecosystem to match the growing needs of your organization

Vendor Risk Management workflow

Many vendor assessment programs rely on manual processes that take a one-size-fits-all approach to risk management. With each vendor serving a unique purpose for your organization and a cyber risk landscape that changes every day, it’s critical to have a risk management solution that helps you work smarter, not harder. 

Use BitSight VRM to: 

  • Automate the assessment process to improve efficiency and stakeholder visibility while retiring manual tools including emails and spreadsheets.
  • Prioritize critical and high-risk vendor assessments with customized workflows.
  • Accelerate your efforts with insights from a network of 20,000+ vendor security profiles.
  • Make better risk decisions with a process powered by BitSight’s  best-in-class cybersecurity ratings and analytics.
Vendor Risk Management screenshot

Vendor risk managers must be prepared to react when cybersecurity threats occur. When a new risk or vulnerability is identified, organizations often struggle to respond in a scalable way across their third parties. 

Zero-day response with BitSight VRM means: 

  • Unlimited interactions with vendors at no additional cost.
  • Support for custom questionnaire templates for tailored outreach and response.
  • Effective collaboration with impacted vendors in the same data platform.
TPRM process and jobs

There are many tools third-party risk professionals can use to reduce risk throughout the vendor lifecycle, making prioritization confusing and time consuming. 

BitSight VRM’s comprehensive capabilities span all aspects of vendor risk management with one fully integrated solution. And, with objective evidence supporting validation of vendor responses, BitSight VRM lets organizations make more informed decisions faster.