Streamlining Vendor Risk Compliance
Vendor Risk Compliance
VendorControls, crafted by CTM360, serves as an all-encompassing tool for Governance, Risk, and Compliance (GRC), streamlining the assessment of vendor risks throughout an organization's third parties, including those in the supply chain. This platform is engineered to simplify and fortify the process of evaluating potential risks associated with external vendors.
The platform employs automation to facilitate the security questionnaire process, integrating seamlessly with over 200+ global compliance frameworks. This ensures regulatory compliance and reduces the time and effort invested in managing the TPRM process.
Key Features
Automated Security Questionnaire
Streamline vendor risk assessments with an automated questionnaire process & Accelerate evaluation and response time for enhanced efficiency.
Comprehensive Question Library
Access a diverse library of over 1000 control questions & Tailor questionnaires to unique needs, ensuring relevance and precision.
Real-time Crosswalk with 200+ Frameworks
Stay compliant with a dynamic mapping feature across 200+ global frameworks & Continuously adapt to evolving cybersecurity and data protection standards.
Vendor Compliance Score
Comprehensive compliance score Gain insights into vendor performance across critical domains for informed decision-making.
Secure compliance,simplify
Secure Evidence Sharing
Effortlessly share evidence for received questionnaires in a completely secure manner. Our platform allows vendors to utilize their preferred cloud storage links such as Google Drive, Dropbox, Sharepoint, and more. This means you can rest assured knowing that all data shared remains firmly within your control.
Real-Time Communication
Through our platform, you can now communicate directly with the accessor in real-time while answering your security questionnaire, saving you valuable time and eliminating any unnecessary delays.
Frequently Asked Questions
Can Vendors attach evidence to their assessments?
Vendors can attach all necessary or requested evidence in one link. Vendors should ensure that these link(s) are secured and accessible to the authorized requestor only. Additionally, vendors may utilize their preferred cloud storage service (e.g., Google Drive, Dropbox, Sharepoint, etc.) to maintain full control over shared data. CTM360 has no visibility on any of this shared data.
How can I help my vendors address their issues?
You can invite your vendor to our Community Edition platform for free, allowing them to have limited visibility of their data, including existing issues, to help them address and resolve them effectively.
How many Third-Party Risk profiles do I get? How many portfolios can I create?
The amount of credits you receive within the RiskHub module depends on the package you are currently subscribed to, along with the ability to add more requests by sending out a mail to our team at monitor@ctm360.com. Currently, there is no limit on the number of portfolios you can create as long as you have the required credits to populate these portfolios.
How can Third-Party Cyber Risk profiling help organizations?
Third-party risk profiling helps organizations gain insight into the cybersecurity posture of their vendors, partners, and customer licensees, as well as potential prospects, thus understanding the possible risks that might occur while being associated with them. Being aware of your organization’s third-party cybersecurity posture helps you decide whether to initiate, maintain, or terminate business with them. This leads to a secure cyber ecosystem, reducing potential financial and reputational damages.
Is it possible to create a new custom questionnaire?
Yes, users can create new custom questionnaires by navigating to the 'Builder' section. Within this section, users can leverage our comprehensive control question library to create a tailored questionnaire that aligns with their requirements.
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