Vendor Risk Management App

The MetricStream Vendor Risk Management App provides a single point of reference to identify, assess, manage, and monitor vendor risks across the global enterprise. The VRM APP enables the efficient categorization, evaluation, and scoring of vendor risks through a streamlined and consistent approach. Issues or red flags that arise are proactively routed through systematic investigations and corrective actions. At each step, the App provides a comprehensive and timely view of vendor risks across geographies, enabling you to make more informed sourcing decisions.

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Vendor Information Management

Connects with enterprise and external systems to import information on vendors; consolidates and maps vendor data in a common repository; scales to accommodate thousands of vendors

Vendor Risk Identification

Helps create a centralized, tightly mapped structure of the vendor risk hierarchy including risks, controls, KRIs, locations, and regulations; supports vendor categorization based on risk, criticality, and other factors

Vendor Risk Assessments

Provides configurable methodologies and algorithms to assess and score inherent and residual vendor risks; captures detailed vendor risk data, including risk severity, impact, consequences, mitigating plans, and issues

Vendor Self-Assessment and Survey Management

Streamlines and standardizes the process of creating, distributing, and following up on vendor risk surveys and self-assessments; helps qualify vendors based on self-assessment scores

Issue and Incident Management

Guides vendor risk issues through a systematic process of investigation and resolution; enhances collaboration with vendors on corrective action; provides real-time visibility into vendor issues

Analysis and Reporting

Offers multiple reports, including vendor risk and performance scorecards and risk heat maps; enables real-time tracking of vendor risks with the ability to perform statistical and trend analyses


  • Gain an in-depth view of risks across global vendors, including fourth parties. Proactively identify emerging issues
  • Simplify VRM by leveraging a common system to manage and monitor risks across thousands of vendors worldwide
  • Mitigate vendor risks in a timely manner through a streamlined, standardized, and collaborative approach
  • Strengthen compliance with VRM regulations such as the OCC and Federal Reserve guidelines
  • Enhance collaboration and coordination with vendors on risk and corrective actions
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