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M7 IT Vendor Risk Solution enables organizations to gain comprehensive visibility into their large and often complex vendor ecosystem, while managing vendor risks in a streamlined and consistent manner. Built on the M7 platform, the solution provides an in-depth view into vendor risks that can minimize business disruptions and optimize performance. The solution supports vendor information management, vendor risk assessments, continuous vendor monitoring, and risk mitigation. M7 IT Vendor Risk Solution also helps continually evaluate vendors based on internal and external compliance requirements, enabling business resilience.

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Measurable Outcomes

Protect Your Business and Enhance Performance by Keeping IT Vendor Risks in Check

  • 80% Reduction in vendor onboarding time

  • 50% Reduction in the time and costs required to complete vendor assessments and identify risk

  • Fewer vendor risk incidents and stronger business resilience with the help of accurate insights on vendors and their risk impact.

  • Sustained compliance with the latest regulatory requirements and industry standards.

Key Capabilities
Information Management

Document and maintain complete information on IT vendors. Leverage technology to trigger actions such as vendor assessments, issue investigation, termination, subscriptions to alerts, due diligence...
Onboarding Due Diligence

Automate screening and onboarding workflows for different types of IT vendors. Enable a structured process to qualify, segment, and rank vendors based on multiple attributes.
Continuous Monitoring

Integrate with feeds from industry content providers to validate information on IT vendors, and gain insights to keep track of their risk and compliance status.
Periodic Risk Assessment

Identify the level of risk associated with each IT vendor, contract, and service. Adopt a risk-based approach to determine the overall vendor risk posture.
Compliance Management

Identify, measure, and monitor the compliance status of IT vendors in a structured manner. Enable a preliminary evaluation of vendor security.  
Issue and Exception Management

Capture vendor issues and exceptions to enable proactive investigations and determine the root cause. Easily manage interim containment actions and long-term corrective/preventive actions.  
IT Vendor Risk
More Insights
Insight
  • Sharpening the Focus on Compliance During Times of Uncertainty

    This insight highlights key recommendations on how compliance professionals can step up, sharpen their focus and stay on top of existing and new risks facing their organization.

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  • 6 Reasons Why Organizations Need to Quantify IT and Cyber Risk

    Learn about the advantages of quantifying your cyber and IT risks to achieve a competitive advantage and a robust cybersecurity program.

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  • Are You Prepared for the Risks on the Horizon?

    An overview of how organizations need to quickly pivot and respond to new risks with increased focus on risk awareness.

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  • Checklist to Evaluate Cybersecurity in the Work from Home Scenario

    Follow these checklists to ensure that organisations stay cyber safe during the work from regime.

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Analyst Report
  • Gartner IT Risk Management 2020

    MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management Solutions

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  • Gartner IT VRM 2020

    We’re Delighted to Be Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools

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  • Chartis Research Report 2019

    MetricStream Positioned as a “Category Leader” in Six Quadrants in the Chartis Research Enterprise GRC Solutions Report, 2019

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eBook
  • Boosting Third-Party Risk Management in a Time of Uncertainty

    Just about everything we do today has some level of third-party involvement whether we’re aware of it or not.

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  • Curated Insights on IT GRC

    Organizations today face a powerful cocktail of risks.

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  • The Future of Integrated Risk Management

    As markets and organizations grow more interconnected, so also do the associated risks.

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  • A Holistic Approach to Compliance that Promotes a Culture of Trust and Integrity

    A strong compliance function is critical to organizational success. In this eBook, discover key focus areas in building a strong compliance function.

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Better Insights.
Better Decisions.
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Customer Experience
Gartner Magic Quadrant

MetricStream Recognized as a Leader in the 2020 Gartner Magic Quadrant for IT Risk Management

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M7 IT Vendor Risk Solution enables organizations to gain comprehensive visibility into their large and often complex vendor ecosystem, while managing vendor risks in a streamlined and consistent manner. Built on the M7 platform, the solution provides an in-depth view into vendor risks that can minimize business disruptions and optimize performance. The solution supports vendor information management, vendor risk assessments, continuous vendor monitoring, and risk mitigation. M7 IT Vendor Risk Solution also helps continually evaluate vendors based on internal and external compliance requirements, enabling business resilience.

IT Vendor Risk