Vendor Risk Management

Example and Benifits

Example and Benifits

Example Scenario (Real-Life)

Let's say you onboard a vendor:

  1. You send assessment
  2. Vendor ignores it
  3. System sends reminders automatically
  4. Vendor completes after reminder
  5. System gives score = 65%
  6. Detects:
    • No MFA → High risk
  7. You assign mitigation:
    • "Enable MFA within 30 days"
  8. Vendor fixes → Risk closed

Entire process tracked automatically


Benefits for You

  • No manual follow-ups (thanks to reminders)
  • Faster vendor evaluation
  • Clear risk visibility
  • Better compliance management
  • Centralized control & reporting

Final Summary

VRA helps customers to:

  • Assess vendors
  • Remind them automatically
  • Score their security
  • Detect risks
  • Track improvements