You rely on vendors to do business. You expect them to be cost-effective and efficient while at the same time maintaining your privacy standards.
The transfer of operations from internal resources to outsourced providers does not remove risk, it transforms it.
The WolfPACsm Vendor risk assessment allows you to establish risk ratings for important vendors based on security, financial stability and strategic alignment with your institution.
WolfPACsm modules work together. Technology vendors automatically appear in your Vendor risk assessment. Vendor risk ratings appear in other tools including the WolfPACsm Business Continuity and Enterprise risk assessments to ensure consistent ratings. The result is efficiency, cost savings and consistency across the entire risk management process.
Smart. Simple. Systematic.
“ The Operational risk assessment allowed us to evaluate the operational and financial risks and controls for all our business processes. ”
Paul F. Reardon
Torrington Savings Bank
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