Vendor Criticality Tiering

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Having positive vendor relationships is essential to running a successful organization. You can ensure you’re working with the best with LogicManager’s vendor management software.

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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.

Vendor Management Made Easy

Let us introduce you to a third party risk management solution that erases all of your pain points in one fell swoop.

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Related Vendor Management Content

  • Customer Value Story: How to Know What You Don’t Know

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  • 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools

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  • The Dos and Don’ts of Contract Management

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  • Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management

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    Categories: GRC, Vendor Management

I want to be able to protect the company and ultimately our customers and our share base, and make sure that we’re protected. That’s what LogicManager has helped us address. This is getting us to a point where we can proactively manage risk and avoid it.

Brian Tessier | IT and Professional Services Category Manager, DentaQuest

 

thid-party risk management case study

Third-Party Management Case Study

In this case study, we explore how one bank overcame the challenges presented by large mergers and various point solutions with LogicManager’s risk-based third-party management solution.

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Explore all LogicManager solutions

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.

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