Third-Party Risk Management: SIG Lite Application

SIG Lite Application 3

Why Risk Cloud?

Risk Cloud® is a no-code risk and compliance platform that scales and adapts to your changing business needs and regulatory requirements. It centralizes and connects all your vendor risks, questionnaires, and findings  so you can proactively identify and mitigate gaps in your third-party risk management strategy.

Centralize Your Approach to SIG Lite Risk Management

Automate vendor risk management assessments and mitigations across 19 domains with Risk Cloud’s Third-Party Risk Management: SIG Lite Application.

It aligns with the SIG Lite Questionnaire from Shared Assessments to unify your vendor onboarding, assessment, risk reporting, and resolution workflows.

Efficiently Scale and Mature your Third-Party Risk Management Program

Whether you’re implementing a SIG Lite questionnaire for the first time or looking to streamline your existing program, Risk Cloud’s Third-Party Risk Management: SIG Lite Application provides pre-built, configurable workflows to:

  • Centralize vendor documentation, requests, and questionnaire responses
  • Onboard new vendors faster by automating manual admin tasks
  • Build stakeholder buy-in with easy-to-read reports on vendor risk ratings, mitigation priorities, and third-party risk reduction
Efficiently Scale and Mature your Third-Party Risk Management Program
Centralize Vendor Documentation, Requests, and Questionnaire Responses

Centralize Vendor Documentation, Requests, and Questionnaire Responses

Create a centralized vendor repository, then request, collect, and review vendor questionnaire responses in a single location. Risk Cloud’s Third-Party Risk Management: SIG Lite Application enables your organization to leverage SIG without a separate subscription by seamlessly incorporating Shared Assessments’:

  • Business Information Worksheet
  • Documentation and Artifacts Request List
  • SIG Lite Questionnaire
  • SIG Core Privacy Questionnaire

Onboard New Vendors Faster by Automating Manual Administrative Tasks

Spend less time tracking down documents and emails with the help of Risk Cloud’s vendor questionnaire notifications, deadline reminders, and documentation requests.

Automate repetitive vendor onboarding workflows and assessments with secure third-party collaboration in Risk Cloud, then keep risk owners engaged by integrating with familiar tools like Jira, Slack, and Microsoft 365.

Onboard New Vendors Faster by Automating Manual Administrative Tasks
Build Stakeholder Buy-In with Easy-To-Read Reports on Vendor Risk Ratings, Mitigation Priorities, and Third-Party Risk Reduction

Build Stakeholder Buy-In with Easy-To-Read Reports on Vendor Risk Ratings, Mitigation Priorities, and Third-Party Risk Reduction

Automatically calculate vendor ratings based on 19 SIG Lite risk domains and generate easy-to-read reports that visualize questionnaire status, open findings, findings impact, contract value, and more. Effectively identify and mitigate your most critical third-party risks with AI-generated vendor summaries. Go even further by customizing Risk Cloud’s out-of-the-box reports to align with your organization’s unique needs.

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