Third-Party Risk Management System: Vendor Scoring with a Documented Decision Trail
Score vendors, catch red flags before they become incidents, and document every decision.
$247.00
Most vendor risk programs break down not because nobody is watching vendors, but because nobody can show how a decision was made after the fact. Assessments live in scattered spreadsheets, one-off email threads, and informal review notes. When a vendor has an incident, the first question is always "what did we know, and when did we decide it was acceptable?" — and too often, there's no clean answer.
Third-Party Risk Management System replaces that scramble with a structured record built as you go — six interconnected modules covering vendor portfolio management, risk scoring, red flag detection, contract clause validation, certification monitoring, and risk treatment decisions. This is a structured self-assessment and documentation tool — not an audit, certification, or third-party verification. It gives you a consistent, repeatable record of how and why each vendor decision was made, so you're never reconstructing it from memory after the fact.
What's Inside
Vendor Portfolio Management (Up to 25 Vendors): Every vendor tiered and scored against the same model — not whoever reviewed it that week.
Composite Risk Scoring Engine (0–100 Scale): One weighted score per vendor. Unassessed dimensions are excluded, not treated as either clean or high-risk — a new vendor never looks safer or scarier than it actually is.
Data Completeness Tracking: Every score shows how much evidence it's built on, and flags itself Provisional until the picture's complete.
Red Flag Detection: 15 high-risk conditions — no MFA, expired certs, undisclosed subcontractors — caught at evaluation, not after an incident.
Contract Clause Validation: Seven standard security clauses checked automatically, so a missing breach-notification clause surfaces at renewal, not during a breach.
Certification & Compliance Monitoring: SOC 2, ISO 27001, HIPAA BAA, PCI DSS tracked with 90-day expiration alerts.
Risk Treatment Decision Log: Accept, Mitigate, Transfer, or Avoid — each with an owner, justification, and deadline. Decisions you can pull up and defend later, not a verbal "we're fine with it."
Encrypted, Portable Backups: AES-256-GCM encrypted by default, password only you hold. No account, no cloud, no vendor of your own to vet.
How It Works
Load your vendor list. Enter vendors and assign each a tier based on criticality.
Score and review. Run the structured assessment; the system calculates composite scores and highlights gaps or red flags as you go.
Export your governance report. Generate a structured report with an executive summary, portfolio overview, individual vendor profiles, and every treatment decision on record.
Built for security leaders, GRC professionals, procurement teams, and risk managers who need consistent vendor oversight in regulated or security-sensitive environments — and for consultants building structured third-party risk programs for clients who need documented, repeatable governance.
Stop reconstructing vendor decisions after the fact — document them as you make them.
FAQ
Does this guarantee compliance or a passed audit? No. The system structures and documents your vendor evaluation and decision-making process — it doesn't certify compliance or guarantee audit outcomes. What it gives you is a consistent, repeatable methodology and a documented record of how and why each decision was made.
Do I need an internet connection or an account to use this? No. It runs entirely offline in a standard web browser — no account creation, installation, or connectivity required. All data stays on your device, with the option to export a backup file.
What's the licensing scope? Single-organization license. Resale, redistribution, or offering it as a hosted service isn't permitted. Contact the provider for multi-organization or enterprise licensing.
I already track this in a spreadsheet — why would I need this? A spreadsheet holds the same data but enforces none of the discipline: nothing stops inconsistent scoring criteria, nothing flags a red flag automatically, and nothing ties a score to a documented decision with an owner attached. This isn't more data entry — it's the same upkeep you're already doing, applied the same way every time instead of however each reviewer happens to do it.
License: Single-organization use; no resale, redistribution, or hosting as a service.
Please see our Terms and Conditions.