Third-party/Vendor Risk Management Software

Native survey functionality within Onspring software allows you to create custom surveys with dynamic questions and branching logic. Survey data from respondents automatically connects to the vendor’s data record and feeds into reports and dashboards. This means you can maintain real-time visibility of risk levels across your vendor universe without manual reporting effort. Surveys can be sent on a schedule or sent ad hoc for each individual vendor based on evaluation requirements of risk volatility.

No. Risk assessments sent via survey do not require users to log into Onspring software. Your vendors and contractors simply complete an online survey through a link sent via email. No login is required and all data submitted remains confidential in Onspring.

In Onspring, you can report on any data point captured. Customers using Onspring’s third-party risk management software most often create reports that display aggregated risk scores by vendor category and spend level. These scores often include feeds from third-party monitoring services to supplement risk assessments with continuous monitoring from cyber and financial angles.

Automation enables you to put manual, time-consuming efforts on autopilot, which frees up your time to focus on strategizing, proactive troubleshooting, or addressing mitigation efforts.

The accuracy of your third-party risk program increases from continuous real-time monitoring of your third-party’s activities. With automated risk assessments and mitigation task notifications, information is now fed directly into one, consolidated, analytics dashboard. Your program has more data more often, and this data is already displayed in meaningful reports that enable you to activate mitigation activities as needed.