VendorInsight
4.4
49
VendorInsight® offers vendor risk management software for banks, credit unions, financial services companies, and other industries. The SaaS solution includes vendor risk assessment tools, automated vendor monitoring solutions, and vendor portals and questionnaires. Additional options include outsourcing due diligence reports and receiving daily risk alerts on critical vendors. Dedicated customer service teams are available to assist customers.
Strengths
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Automation
Automates vendor risk management processes
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Customization
Allows for customization of risk assessment questionnaires
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Integration
Integrates with other systems such as ERP and GRC
Weaknesses
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Pricing
Pricing may be too high for small businesses
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Complexity
May be too complex for users without prior risk management experience
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Limited Features
May not have all the features required for advanced vendor risk management
Opportunities
- Growing demand for vendor risk management solutions
- Opportunity to expand into new markets and industries
- Opportunity to form partnerships with other software vendors
Threats
- Competition from other vendor risk management software vendors
- Changes in regulations may impact the demand for vendor risk management solutions
- Increased focus on cybersecurity may lead to increased scrutiny of vendor risk management processes
Ask anything of VendorInsight with Workflos AI Assistant
https://www.vendorinsight.com
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VendorInsight Plan
VendorInsight offers a tiered pricing model starting at $5,000 per year for the basic version and $10,000 per year for the advanced version.
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