Vendor Risk Management
Many organizations use vendors to augment core business capabilities and innovatively deliver products and services. These partnerships introduce risks that companies might not even be aware of – especially when the responsibility for managing those risks lies outside of your organization.
Breaches, data exposure, and regulatory non-compliance can cause serious negative repercussions for your company, making it more important than ever to validate whether key vendors are adequately safeguarding your interests, or placing your organization at risk.
What’s the most effective way to get a handle on such a complex issue?
We make it simple.
Outbound Vendor Risk Management
Vendor Scope
Gather list of in-scope vendors
Validation of vendor contact info
Identify type of assessment(s) required
Determine assessment criteria and regulatory standards
Managed Data Collection
Develop customized risk assessments
Tool Setup
Fully Managed:
Data collection
Vendor communications
Escalations
Continuous status reporting
Scalable to any volume
Analytics
Detailed analytics help you identify risky vendors
Vendor Threat Scape Analysis
Vendor Risk Profiles
Dashboards, reports and visual analytics you can share with auditors
Inbound Vendor Assessment Response
Fully Managed Inbound Security Assessments
Easy on boarding
One time set up
Built in document AI finds possible answers by reading assessments so you don’t have to
Reduced response times
Establish Knowledge Base of approved responses
Why Quintillion
Quintillion’s Vendor Risk Management managed service augments your organization’s ability to efficiently and effectively assess vendor risk, scaling to any volume, and saves you up to 90% of time spent on inbound security assessments. Leveraging our market-leading VRM solution, our expert team will equip your organization with the risk intelligence needed to proactively manage salient supply chain risks and enhance your organization’s ability to respond confidently to inbound security assessments.
Improved Efficiency
Quintillion’s Vendor Risk Management managed service greatly improve efficiencies in the risk assessment process, saving companies up to 90% of time spent on managing the process internally, leveraging our industry leading VRM solution.
Reduced Complexity
Managing vendor risk is critical to meet security needs and reduce risk but can be time-consuming and complex.
Our Vendor Risk Management managed service reduces complexity leveraging our team’s extensive supply chain risk expertise and highly mature vendor risk assessment process methodology.
Visual Analytics
Our VRM managed service delivers value beyond data collection.
Quintillion will deliver state of the art visual analytics and actionable risk intelligence to help you to identify high-priority vendor risks, and accurately assess and prioritize the risks associated with your diverse vendor landscape.
Enhanced Scalability
Resource constraints are not an issue with Quintillion’s VRM managed service.
Our team will coordinate all aspects of the risk assessment process, supporting your organization’s ability to scale to any required volume.
Confident Response
Inundated with a high volume of inbound security assessments from existing and prospective clients?
Our automated solution will do the heavy lifting for you, using intelligent scanning that interprets even the most complex security-based questions, and machine-based learning to auto-populate the appropriate response from your library of approved responses.