Third-Party Risk Management: Standard Application

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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 all your third-party risks, assessments, and findings in one platform, so you can easily assess third-party risk impact and prioritize mitigation strategies.

Assess and Mitigate Third-Party Risk

Unless you’re already following a standard framework like ISO 27001 or SIG Lite, starting your first third-party risk management program — or maturing your existing processes — isn’t easy. Risk Cloud’s Third-Party Risk Management: Standard Application comes equipped with a purpose-built questionnaire to help you holistically and efficiently assess and mitigate third-party risk across multiple domains.

Automate and Optimize Your Third-Party Risk Management Program

Risk Cloud’s Third-Party Risk Management: Standard Application saves time and streamlines your third-party risk management program by automatically sending out questionnaires and due date notifications to vendors. You’ll have everything you need to help you:

  • Assess, monitor, and report third-party risk from a single, integrated platform
  • Store third party information in a centralized location for easy access
  • Assign third-party risk assessment questionnaires to critical external vendors
  • Create findings, assess business impact, and track their resolution through completion
Automate and Optimize Your Third-Party Risk Management Program
Plan and Executive Effective Third-Party Risk Assessments

Plan and Executive Effective Third-Party Risk Assessments

Risk Cloud’s Third-Party Risk Management: Standard Application includes a 37-question questionnaire built by LogicGate GRC experts to assess potential weaknesses among third-party vendors. Use the purpose-built questionnaire as is, supplement it with questions from Risk Cloud’s Third-Party Risk Management Question Bank, or customize the questionnaire to your organization’s needs and program maturity.

Gain Better Visibility Into Your Vendors

Track and store vendor contracts, assessments, findings, and resolutions in one location so you can find and access information across all your third-party vendors more efficiently. Then, integrate Risk Cloud with third-party risk intelligence providers like Black Kite and SecurityScorecard to get even deeper insights into your third-party risks. 

Gain Better Visibility Into Your Vendors
Securely Collaborate With Every Vendor

Securely Collaborate With Every Vendor

Send questionnaires to multiple external stakeholders and set automatic notifications on task due dates. Protect sensitive data and control who can access records with secure one-time passcodes for external users. 

Improve Decision Making and Communication With Pre-Built Reports

Receive automatic assessment ratings that provide immediate insight into your third-party vendors’ maturity and generate pre-built and custom reports to visualize the status and findings of third-party risks. Risk Cloud’s Third-Party Management: Standard Application comes loaded with more than a dozen easy-to-use reports and dashboards detailing findings by assessment status, assessment results, open findings, contract value, findings impact, and more.

Improve Decision Making and Communication With Pre-Built Reports

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