The MetricStream Vendor Risk Management (VRM) App enables you to manage, monitor, and mitigate vendor risks efficiently and effectively. By integrating global vendors onto one cohesive framework, the app gives you complete visibility into vendor risks.
Rsam Vendor Management 2.0, with integrated Dun & Bradstreet data.
In October 2015, RSA completed a global survey of almost 400 organizations to gather insight into current trends and perceptions regarding Risk Management. The survey utilized RSA's proprietary Risk Intelligence Index to ask questions around key areas of risk and how organizations are addressing the changing risk landscape. The Risk Intelligence Index is based on the RSA Archer Maturity Model that measures organizations' GRC program components across five stages of maturity.
Blue Hill analyzed 25 GRC deployments in order to identify decisions and practices that helped organizations to minimize the time and cost required in implementation. This analysis includes a profile of Agiliance RiskVision implementation experiences from four organizations to provide a model to benchmark and compare RiskVision implementation experiences with larger GRC market trends.
It's no news to CISOs, Chief Compliance Officers, Procurement Officers, GCs, and other key stakeholders in vendor management programs that third parties today represent one of the greatest risks to organizations, nor is it news that that the focus on vendor risk management is only increasing as regulators across a broad spectrum of industries and geographies continue to tout the importance of 1) managing risk throughout the vendor lifecycle, and 2) taking a risk-based approach to focusing due diligence efforts on those business partners who represent the most risk.
A leading Fortune 50 Health Care organization manages their comprehensive large-scale supplier assessment program with Rsam; harmonizing data points from 18 risk & stakeholder organizations to optimize the full supplier lifecycle.
Companies often find themselves struggling to comply with increased third party risk management program regulations because of the difficulties in obtaining timely and insightful information and the complexity of consistently translating that information into risk decisions aligned with corporate risk appetite. But with a simplified approach to compliance—one that includes narrowing focus, enabling lifecycle management, and leveraging technology and analytics—third party risk management can be an integrated function of your business, and not just a cost of compliance. In this Business Insight, Drew Wilkinson discusses the important issues about third party risk management.