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Yes, there is a better way to do vendor risk assessments!

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Vendor Risk Management is one of the top priorities for businesses today. Organizations rely on thousands of vendors to deliver products and services, but while business functions can be outsourced, you can’t outsource your risk or liability.

In this free webinar, you’ll see how organizations are using ServiceNow’s Vendor Risk Management solution to:

- Gain visibility into their vendors, even between assessments;
- Prioritize risks and drive them to closure, without hundreds of emails and spreadsheets;
- Replace unstructured work patterns with intelligent workflows, so that resources can be focused on the most critical vendors and risks;
- Build confidence and trust in their vendor risk management processes, and find ways to reduce costs and drive new revenue streams.

Presented by Kirk Hogan (COO, Iceberg Networks)

Published in: Business
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Yes, there is a better way to do vendor risk assessments!

  1. 1. “Yes, there is a better way to do vendor risk assessments!”
  2. 2. Delivering Risk Intelligence About Iceberg ü  Focused on Governance, Risk Management & Compliance (GRC) ü  Staff includes 30+ full-time GRC consultants & certified developers ü  Customers include top financials, insurance, health care, manufacturers, retail, gov’t in North America. Kirk Hogan SENIOR VP OF GRC SERVICES & CHIEF OPERATING OFFICER Glen Gower DIRECTOR OF MARKETING
  3. 3. Delivering Risk Intelligence A full lifecycle of GRC services Management Workshops Visioning & Alignment CMO/FMO Developing an Effective KRI Program Professional Services Implementation/Integration Full Solution Lifecycle Management Iceberg APS Post-Production Support Mentoring & Skills Development Post-Production Sandboxes Risk Intelligence Academy Helping the Industry with the Journey: Case Studies Best Practices Webinars GRC Innovation Advanced Reporting / Dashboards Productivity Toolkits & Enhancements
  4. 4. Delivering Risk Intelligence Webinar Outcomes 1 Successfully juggle many vendor communications 2 Conversational approach with vendors 3 Identify tangible benefits 4 Demonstrate the process
  5. 5. Delivering Risk Intelligence NO VISIBILITY INTO OVERALL PROGRAM ACTIVITIES AND VENDOR RISK POSTURE SILOED PROCESSES AND ORGANIZATIONS LEAD TO MISSED COMMUNICATIONS MANUAL AND TIME CONSUMING PROCESSES (EXCEL, EMAIL, MEETINGS) VENDOR RISK PROCESSES ARE NOT CONVERGED AND TOOLS CAN’T KEEP UP Common Vendor Risk Challenges XLS LEGAL HR IT
  6. 6. Delivering Risk Intelligence VENDOR CATALOG LEGAL HR IT VENDOR PORTAL CONTACTS ASSESSMENTS DEADLINES ISSUES AND REMEDIATION GRC INTEGRATION
  7. 7. As part of the Vendor Manager group of XYZ Company, we need to assess the risk associated with vendors that we do business with. Once the vendor has been created in ServiceNow, it becomes an ongoing conversation between the Vendor Risk Assessor, and the Vendor. Previously completed key activities •  Set up vendor portfolio •  Define vendor contacts •  Create an assessment template
  8. 8. As a Vendor Risk Assessor of XYZ Company I need to send out an assessment and follow up with the professional services vendor. Key activities •  Develop & distribute assessment to vendor •  Review responses to assessment •  Follow up with any issues
  9. 9. As a Vendor I need to complete the Assessment and respond to any follow up issues as per the request of XYZ company. Key activities •  Respond and submit assessment •  Manage my team •  Follow up with any issues
  10. 10. Delivering Risk Intelligence Demo
  11. 11. Delivering Risk Intelligence Thank you! Webinar replay: icebergnetworks.com Questions: info@icebergnetworks.com

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