As more and more businesses turn to third-party vendors, suppliers, outsourced services and other channel partners, it is critical that organizations develop a vendor management program to routinely assess third-party risks as the consequences of data getting leaked or stolen can lead to a major business crisis. Towerwall can help formulate a standardized vendor governance mechanism that regularly monitors vendors and takes informed action to improve the risk posture of the organization.
- Helps identify, prioritize and categorize third-party vendors based on risk scores
- Assesses vendors against control frameworks and regulations
- Streamlines vendor on-boarding process, contracts and agreements