Vendor Risk & Trust Management Overview
Comprehensive third-party vendor risk assessment and trust management platform for enterprise security teams
The Vendor Risk & Trust Management module provides a comprehensive solution for assessing and managing third-party vendor security risks. It enables organizations to evaluate vendor security posture, collect compliance documentation, and track risk assessments through automated workflows.
Inbound Trust Assessment
Assess third-party vendors for security risks, compliance posture, and operational resilience. Collect vendor questionnaires, review documentation, and calculate risk scores automatically.
Outbound Trust Sharing
Share your organization's security posture with prospects and customers through the Trust Platform- a branded public portal with controlled access. Demonstrate compliance and security maturity to potential business partners.
Key Features
Create Vendor Profile
Add vendor company information and basic details
Assess Inherent Risk
Evaluate vendor tier, service criticality, data access, and geographic risk
Send Questionnaire
Distribute security questionnaires to vendors via secure portal
Review Responses
Analysts review questionnaire responses and set applicability
Calculate Residual Risk
System automatically calculates residual risk based on questionnaire answers
Approval Workflow
Multi-stage approval process with role-based reviewers
Create Your First Vendor
Navigate to Vendor Risk in the sidebar and click "+ Add Vendor" to create a vendor profile. Enter company information, contact details, and basic vendor information.
Assess Inherent Risk
Open the vendor details page and navigate to the "Inherent Risk" tab. Assess vendor tier, service criticality, data access level, integration depth, and geographic risk. The system will automatically calculate the inherent risk score.
Build and Send Questionnaires
Create security questionnaires using the questionnaire builder, then send them to vendors via the secure portal. Vendors can complete questionnaires without creating accounts.
Review and Calculate Risk
Review vendor questionnaire responses, set question applicability, and create risk assessments. The system automatically calculates residual risk based on questionnaire answers and scoring methods.
Next Steps
Need Help?
Our support team is here to help you get the most out of Vendor Risk Management.