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VRM: Managing Risk with Vendors & Suppliers
Vendor Risk Management (VRM) is an enterprise-wide approach to managing risks associated with third-party vendors. It involves an organization’s proactive identification, assessment, and mitigation of risks posed by vendors. VRM involves a comprehensive review of the vendor’s security and privacy policies, documentation, and processes. It also requires an organization to monitor vendors’ performance on an ongoing basis. This includes evaluating the vendor’s ability to meet requirements, maintain compliance, and adhere to industry standards. VRM also requires organizations to have a clear understanding of the potential risks associated with vendors, including financial, reputational, legal, and operational risks. Finally, VRM requires organizations to develop and maintain a comprehensive vendor risk management program that includes policies and procedures for vendor selection, contract negotiation, and ongoing monitoring.
Hear from world-renowned GRC analyst Michael Rasmussen about 6clicks and why it's breakthrough approach is winning
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'Push-down' standards to teams
'Push' your standard templates, controls, and risk libraries to your teams.
'Roll up' analytics for reporting
Roll-up analytics for consolidated reporting across your teams.
Our customers have spoken.
They genuinely love 6clicks.
"The best cyber GRC platform for businesses and advisors."
David Simpson | CyberCX
"We chose 6clicks not only for our clients, but also our internal use”
Chief Risk Officer | Publically Listed
"We use Hub & Spoke globally for our cyber compliance program. Love it."
Head of Compliance | Fortune 500
"The 6clicks solution simplifies and strengthens risk, compliance, and control processes across entities and can grow and adapt as the organization changes and evolves."
GRC 20/20 Research LLC