It is vital that the vendors you partner with can be trusted to access, handle and transmit your most sensitive information. In fact, vendor security is a critical component of meeting regulatory requirements and building a complete cybersecurity strategy. Vendor Risk Management by Smarsh is changing how companies assess vendor security risk.

Vendor Risk Management simplifies the vendor risk assessment process by automating the most resource intensive parts of third-party risk evaluation and management. Using Vendor Risk Management by Smarsh workflows and templates for centralized security questionnaires, risk ratings and scoring of responses for third parties, the time it takes to assess a vendor is reduced by 75 percent and annual recertification can be automated.

Key Benefits

One platform does it all- Vendor Risk Management by Smarsh does the hard work for you. Review vendors, manage remediations, create reports and more from a single cloud-based platform. Easily manage vendors that have access to business-critical data from one centralized database.

Faster assessment and scoring- Increase vendor risk assessment efficiency up to 75 percent. Automate time-consuming tasks such as grading vendor assessments or creating follow-up tickets and contract clauses based on vendor responses.

Remediate risks- Streamline risk remediation and management. Easily maintain auditable tracking of remediation plans and validation documentation.

In-depth reporting- Get real-time metrics on your vendor risk management program. Standardize your approach to risk management by connecting teams with cross-functioning reports.

Adaptive technology- Customize workflows and methodologies unique to you. VRM from Smarsh is the most flexible solution on the market that can evolve with your organization. Customize risk assessments, vendor organization and scoring rules to meet your policies.