If managing vendors, suppliers, contractors, and other third parties is your responsibility, are you actually managing the risk these entities bring to your organization from a holistic perspective?
While managing insurance risk by tracking Certificates of Insurance (COI) is certainly important, there are additional elements to a comprehensive Vendor Risk Management program that if managed effectively, will reduce your risk exposure.
In this 15-minute Solution Showcase, we demonstrate how Origami Risk can help you gain control over vendor and third-party risk.
You’ll learn how to:
- Easily collect vendor information into a centralized catalog
- Leverage configurable, automated workflow to simplify the vendor due diligence process, annual insurance renewals, risk assessments, and audits
- Conduct risk assessments using the Standardized Information Gathering (SIG)™ questionnaire to automatically score vendors
- Validate risk assessments and perform ongoing monitoring using integrated ratings of your most critical vendors
- Manage action plans for remediating issues with key vendors