Completing third party risk management due diligence isn’t always easy.
Vendor management has a lot of moving parts, and you’ve got a lot to keep track of: who your third parties are, what services they provide, what sensitive information they have access to, which internal policies apply to them, and so much more. Conducting due diligence tasks isn’t a one-person job, either, so you’re responsible for designing an efficient workflow to make sure these tasks are carried out, and that ultimately, you’re working with top-notch vendors. Luckily, LogicManager’s vendor management software makes your job a whole lot easier when it comes to vendor due diligence and third party risk management.
But it’s time to get organized.
Without connected vendor management software, truly excelling at your job is difficult and it could lead to vendor management failure.
Traditional spreadsheet and Word systems make it hard to keep track of all your vendors and data.
Assessing the criticality of your suppliers and allocating resources accordingly is a headache without an objective third party risk assessment process.
Engaging the right people in the vendor review process isn’t time-efficient when you don’t have an automated vendor management system.
Generating reports based on the vendor information you collect is a pain when you have to hunt down the relevant information across disparate systems.
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LogicManager covers a wide variety of solutions ranging from risk management to vendor management to cybersecurity management and financial compliance.
By clicking the button below you can view the other areas of GRC that LogicManager is suitable for. LogicManager really is an all-in-one risk management hub where you can centralize and streamline your workflows across business departments.
