Vendor Risk Assessment Software

We have automated our highly popular and examiner-approved vendor risk assessment questionnaire and  included it in Vendor Impact™, our cloud-based bank and credit union vendor management software.

Anyone that uses our software has access to it, and we use this tool for our customers who don’t use our software*.

This vendor risk assessment has been used successfully to risk rate more than 4,000 times and has been approved by every regulatory agency.

* If you already have vendor management software or don’t want to deal with software at all, no problem.  We’ve got a solution for that too.

Key Features:

• Simple six question vendor risk assessment assigns the right risk tier every time. No need for time consuming, over-engineered 25+ question assessments.
• Concise risk rating reports to share with your Board, Examiners or Internal Audit. Can print a report on a single vendor, all vendors, by risk tier or by vendor type. Tracks who signed off on the risk assessment.
• We’ve already pre-populated the risk assessment answers and risk tiers on nearly every critical vendor. If yours isn’t already rated, we’ll add it for you. Of course, you can override ours and use your methodology if you want.
• Above and Beyond. When you sign up with us, we’ll load all your vendors and answer the six question vendor risk assessment on every one.
• Included in our Vendor Impact software
• Examiner-approved. Our vendor risk assessment and the methodology, weighting and scoring behind them have been approved by every regulatory agency.