Use Auto Inherent Risk Insights to Prioritize the Vendors That Pose the Greatest Risks
Streamline decision-making and automatically segment your vendor inventory into inherent risk tiers
Not All Vendors Are Created Equal. Auto Inherent Risk Insights Help You Determine Which Ones Matter Most.
When executing on your third-party risk management (TPRM) program, understanding which vendors pose the greatest inherent risks is critical to acting swiftly and effectively. With Vendorpedia Auto Inherent Risk Insights, rapidly categorize all vendors from low to high risk, choose assessment types and approaches based on tier, and then take bulk actions to automate the assessment process all at once.
Auto Calculate Inherent Risk on Every Vendor in Seconds
Create configurable inherent risk tiers based on your TPRM program. When vendors are added to your inventory, instantly determine the inherent risk for one or thousands of vendors at once, with minimal details provided by the business.
Conduct Bulk Assessments and Tailor Workflows Based on Auto Inherent Risks
Take different assessment approaches based on inherent risk levels. For example, send short threshold assessments to low risk vendors or order remote or onsite assessment validation for the most critical vendors.
Determine Assessment Validation Levels with Inherent Risk Tiering
Define assessment validation levels based on where vendors fall in your defined inherent risk tiers. Choose vendor self-attestation or order remote and onsite validations – performed by industry-leading consultancies – directly through the platform.
Add Context to Inherent Risks with OneTrust Athena™ & OneTrust DataGuidance™
Use built-in intelligence to add context to inherent risks. Take suggestions from OneTrust Athena™ AI and OneTrust DataGuidance™ to identify specific factors that can influence inherent risk levels, such as region, vendor type, market condition, regulatory jurisdiction, and more.
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Inherent Risk Import
Use the inherent risk import template to instantly calculate the inherent risk for all your vendors
Intelligent Insights
Automate different actions and send different assessments based on where vendors fall within defined inherent risk tiers
Configurable Actions
Automate different actions and send different assessments based on where vendors fall within defined inherent risk tiers