Mitigate Vendor Breach Risk with Continuous MonitoringSee what's new
Simplify vendor security assessments intuitively and with flexibility
Vendor security is a critical component of meeting regulatory requirements and building a complete cybersecurity strategy.
Vendor Risk Management is changing how companies assess vendor security risk
The vendors you work with play a crucial role in your organization’s compliance and risk management. You need to trust them to access, handle, and transmit your company’s most sensitive information. Smarsh Vendor Risk Management helps you maintain regulatory compliance and mitigate risk by automating and simplifying the most resource-intensive parts of third-party risk evaluation and management.
Key benefits
Vendor Risk Management does the hard work for you
Review vendors, manage remediations, create reports and more from a single cloud-based solution. Easily manage vendors that have access to business-critical data from one centralized database.
Increase vendor risk assessment efficiency by up to 70%
Automate time-consuming tasks based on vendor responses.
- All answers are automatically scored and filtered by risk rating
- All remediation tickets are automatically generated and stored in a library
- Get on-demand reporting for every level of your organization
Streamline risk remediation and management
Easily maintain auditable tracking of remediation plans and validation documentation.
Get real-time metrics on your vendor risk management program
Standardize your organization's approach to risk management by connecting teams with cross-functioning reports.
Manage and customize your third-party risk assessments
- Choose your own assessment questionnaire or use our licensed content
- Assign assessments to third parties, manage access, and track status
- Quickly comment, remediate and score responses and compare them to industry benchmarks
Monitor risk at every stage
Easily track progress, manage communications, and get updates on remediation throughout the assessment process.
Vendor Risk Management offerings
Smarsh offers three service levels to match your business needs.
- Tech
- Managed
- Vendor Breach Monitoring
Tech
- Maintain a complete vendor registry with relevant information and documentation to support vendor management
- Automate assessments by distributing questionnaires, applying weighted risk categories, and automatically scoring vendor responses
- Improve risk visibility by reviewing vendor scoresheets to identify potential risks and prioritize follow up
- Generate reports on demand and compare vendor risk profiles to support informed decisions
Managed
- Access to the VRM software solution and all its features included in Tech and Tech Plus
- Smarsh performs a security review of the assessment, provides comments, and identifies areas for follow-up within the solution
- Smarsh will score each question and provide a high-level summary of the results
- Smarsh will create follow-up tickets (“Issues” in the solution) based on the items approved by the customer
Vendor Breach Monitoring
- Independent breach detection uses third-party intelligence to continuously monitor vendors for breaches
- Smarsh manages the entire workflow, including detection, notification, vendor breach assessment, and reporting, reducing internal overhead and reliance on vendor self-reporting
- Every alert, breach assessment, and response is documented in VRM to provide a defensible audit trail for regulatory compliance
- Built into the existing VRM platform, breach detection integrates with your current vendor inventory and assessment workflow within a unified platform
Simplify cyber and third-party risk management
Third-party risk is only part of your cybersecurity strategy. Smarsh Cyber Compliance and Vendor Risk Management help simplify the risks you own and inherit.
Cyber Compliance helps monitor device security, automate routine tasks, guide remediation, and simplify compliance reporting. Together, these solutions reduce administrative burden, strengthen oversight, and document risk decisions across your business.
Ready to automate your third-party risk strategy?
Complete your cybersecurity strategy by improving how you assess, evaluate and manage your vendor risk. Start a conversation with our third-party risk management experts today.