OVERVIEW

The TrustArc Vendor Risk Management solution provides a centralized place and method to collect, maintain and track critical data for ongoing vendor management.

The solution enables companies to assess vendors, evaluate and monitor vendor risk, track ongoing vendor status and report on key compliance metrics.

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FEATURES

Data Inventory Hub – A module of the TrustArc Platform that allows you to inventory, track and collect information on your vendors

Assessment Manager – A module of the TrustArc Platform that allows you to assess vendor risk and status; manage workflow and tasks; and conduct ongoing monitoring of vendors

Vendor Assessment – Created by TrustArc privacy experts and completed by your vendors in Assessment Manager, this customizable assessment helps you document critical vendor information and assess vendor risk

Consulting – Our experienced privacy consultants can help you understand your regulatory environment and risks; design your vendor management program; define your risk scoring model and vendor prioritization; and develop policies and procedures

Dashboard – Track vendor risk and trends – i.e. vendor location, number of assessments, aging assessments

Compliance reports support vendor management efforts with visibility into assessment outcomes, trends and metrics

Customizable vendor assessment, created by TrustArc privacy experts and completed by your vendors,
helps you document critical vendor information and assess vendor risk

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BENEFITS

Supports compliance with laws and regulations (CCPA, GDPR, etc.) that have vendor provisions

Helps companies avoid fines and other consequences of vendor non-compliance

Leverages the TrustArc customizable vendor assessment – no need to develop one from scratch

Easy to use for both companies and vendors

TrustArc Privacy Platform

RESOURCES

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Learn more about the TrustArc Vendor Risk Management Solution