The problem this module solves
Procurement scores vendors on price. Security runs an annual questionnaire. Quality audits a subset of plants. Nobody owns concentrated fourth-party risk.
How Vendor & Third Party Risk works in OptimaGRC
OptimaGRC Vendor & Third Party Risk is full-spectrum TPRM. Tier vendors, issue intelligent questionnaires, ingest SOC 2 / ISO certificates, track contractual clauses, and watch residual risk as incidents and performance change. It covers cloud SaaS and factory suppliers with equal seriousness.
What teams can do
- Vendor inventory, tiering, and inherent-risk scoring
- Due diligence questionnaires with AI pre-fill and evidence attach
- Certificate, SOC report, and audit-report tracking with expiry alerts
- Contractual control clauses, DPAs, and SLA monitoring
- Fourth-party / concentration risk views
- Quality, HSE, and cyber findings on the same supplier record
Tiered due diligence
Critical suppliers receive deeper assessment; low-risk vendors stay light-touch without falling off the register.
Continuous monitoring
Incidents, expired certificates, and poor audit results automatically raise residual risk and tasks.
Supply-chain continuity
Critical vendors inherit BIA dependencies and alternate-source strategies from the continuity suite.
People also search: vendor risk management software · third party risk management platform · TPRM GRC · supplier due diligence software.
Assess and continuously monitor suppliers for Cyber, Privacy, Quality, HSE, financial, and continuity risk — with tiering, questionnaires, contracts, and residual exposure on one register. OptimaGRC Vendor & Third Party Risk is full-spectrum TPRM. Tier vendors, issue intelligent questionnaires, ingest SOC 2 / ISO certificates, track contractual clauses, and watch residual risk as incidents and performance change. It covers cloud SaaS and factory suppliers with equal seriousness.