Vendor Management

Through Archer Vendor Management, you can:

• Manage Vendor Profiles

  Aggregate all vendor information, including profiles, contacts, facilities, contracts and engagements, in Archer’s web-based repository. Also perform business impact analyses against vendors to auto-calculate tier, which determines the appropriate assessments for the vendor relationship. Additionally, manage risk associated with vendor relationships by tracking key performance indicators, SLA objectives and the status of deliverables.

• Build Vendor Risk Questionnaires

  Utilize pre-loaded questionnaires from Archer, including a vendor financial assessment and the Shared Assessments Program Standardized Information Gathering Questionnaire. Also import your own questions, and quickly build new assessments. The system calculates risk and compliance ratings and next assessment dates from the assessment results, and you can modify the scoring formulas if desired through Archer’s point-and-click interface.

• Complete Vendor Assessments

  Enable vendors and relationship managers to complete their assigned assessments with no prior training, adding question-specific comments and attaching supporting evidence as needed. The system sends reminder and escalation emails to appropriate users as assessment due dates approach, and completed assessments are routed to the proper reviewers and approvers.

• Streamline the Management of Assessment Findings

  Archer automatically scores assessments and generates findings for each incorrectly answered question so you can identify areas of non-compliance with your policies and controls. Through Archer, you can assess the nature and status of each finding, including the vendor response and appropriate mitigation procedures, and you can track the status of remediation tasks.

• Report on Your Vendor Risk Profile

  Take advantage of Archer’s reporting capabilities to gain clear visibility into high-risk areas of your business, the status of vendor assessments and your organization’s overall risk exposure. Also correlate vendor data to assist in strategic sourcing and more effective vendor selection and utilization. Archer provides a set of predefined, audit-ready reports, along with a point-and-click interface for creating reports and dashboards.

Benefits of implementing Archer Vendor Management include:

• Lower Risk, Greater Compliance

  The ability to enforce risk management policies and controls and standardize your vendor assessment process in order to lower reputational risk and ensure regulatory compliance

• Automation

  Consistency and efficiency achieved through auto-calculation of vendor tiers, risk ratings, next scheduled review dates and compliance status based on assessment results

• Savings in Time, Effort and Cost

  Significant reduction in resources and travel expenses required to effectively perform third-party risk analyses and maintain ongoing vendor oversight

• Current, Holistic View

  A detailed picture of your risk exposure resulting from vendor relationships, and the ability to deliver real-time information to senior management on short notice

• Quick Time to Value

  Rapid return on your investment from a solution that you can implement out of the box (using predefined access roles, workflow, reports, dashboards, etc.) or easily tailor to your needs through point-and-click configuration

• Deployment Flexibility

  The freedom to choose an on-premise, software as a service (SaaS) or managed service deployment and to move the solution from one environment to another as your needs change

Learn more about the Archer Vendor Management solution:

• Vendor Management Video Demo

  See Archer Vendor Management in action in this short video demonstration, which you can view and share with your colleagues at your convenience.

• Vendor Management Data Sheet

  Get more details on the Archer Vendor Management solution—an effective, consistent approach to managing vendor relationships and assessments.

• GRC Webcasts

  Take a deep-dive tour of Archer’s GRC solutions through our one-hour webcasts. Participate live or request a recording to view at your convenience.

• Archer Case Studies and Testimonials

  Hear from Archer’s clients why they have been so successful in solving governance, risk and compliance challenges through Archer solutions.

• White Paper

  Learn about Archer’s platform approach to enterprise governance, risk and compliance.

• Archer Live Chat

  Chat with an Archer representative to get more information or to set up a private demo of the Vendor Management solution for you and your team.