Risk Assessments

Determine the level of risk your vendor poses to your organization.

RA Replacement

Assess and risk rate all your vendors so you can make informed decisions

Assessing risk on your third parties is one of (if not THE) most important exercises in a third-party risk management program. Defining both the inherent and residual risk of third parties guides the vast majority of due diligence and oversight activities.

Create consistency and ease through the course of the entire risk assessment

The platform will drive you through steps from selecting and modifying questionnaires to monitoring progress of an assessment and reviewing results to calculate and judge residual risk.

Align the platform to your organization’s risk assessment process

Gain more control in a variety of details, such as risk levels, timing, risk thresholds, risk assessment integration into the Vendor Onboarding module, ability to record inherent and residual risk separately, utilizing mitigating questions to determine residual risk and provide guidance on mitigating control factors and more.

Improve risk assessment quality and visibility

Rather than just looking at answers in a questionnaire, close gaps by allowing weight on user’s responses to show particular importance, easily see if further mitigation needs to be completed on an item and use reports to monitor it all.

risk assessment

Easily collaborate internally

Invite your internal subject matter experts (for example, CFO) to weigh in on a particular section of risk. Invite as many people as you need to contribute to any risk assessment. Elect prevailing contributors as well.

Create templates to drive consistency

Have a consistent approach regardless who is doing the risk assessment. The flexibility of templates provides some guidance on what should be completed and the ability to customize to fit or directly mirror any existing assessments.

risk assessment templates

Quest Library

You can define the risk levels and scoring

Whether you use the terms "low", "moderate" or "high" for risk levels or call them something different, you can define those and customize the scoring in our risk assessments feature.

people

It’s not just about our platform.
It’s about our people.

check Specialize in third-party risk management and are passionate about it's importance

check Hold a wide range of certifications and qualifications including CISSP, CTPRP, Paralegal, CPA, CRISC, GCIH, ABCP, CCNA, and more

check Stay current on industry trends and latest news

check On hand to provide advice to our customers and community

check Drive our educational content and advocate for best practice third-party risk management

"Their vendor assessment service takes a significant amount of time and pressure off of our staff, who don’t have the expertise to adequately review most high-risk or critical vendors."

VP Compliance