Third-Party Risk Management Software
Inherent Risk Scoring & Vendor Classification
One of the initial key steps in vendor onboarding is determining the level of inherent risk, as this determines the depth of due diligence the company must conduct on a vendor. Although all third-party vendors must be onboarded, they do not all merit equal attention. Vendors that provide essential services or hold sensitive data carry a high degree of inherent risk, and must be scrutinized as such.
Inherent Risk Questionnaires
Vendor Inherent Risk Scoring
Users can easily view inherent risk and residual risk ratings to begin due diligence.
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