Vendor Risk Assessment

You must manage your vendors

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 WolfPAC^sm Vendor risk assessment allows you to establish risk ratings for important vendors based on security, financial stability and strategic alignment with your institution.

With WolfPAC^sm Vendor risk assessments you can:

Establish a vendor monitoring and management program
Create a contract renewal schedule to reduce overspending
Compare your risk profile against peers
Generate robust reports for management, board members and examiners

Don't let your hard work
go to waste

WolfPAC^sm modules work together. Technology vendors automatically appear in your Vendor risk assessment. Vendor risk ratings appear in other tools including the WolfPAC^sm 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.

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