Vendor Risk Management

Shannon DeLange
Shannon DeLange Idea generator Vanta Team Member Conversation starter
  • Updated

With the Vendor Risk Management feature, you can assess and manage the risk of Vendors in one centralized location.



  • From the Vendors page, the Overview tab will give you a visual summary of 
    • Security reviews progress
    • Vendors managed 
    • Vendor discovery

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The Vendor's discovery page will detail what vendors are being utilized within your organization and the associated risk level.

From the Needs Review tab, you can choose to add or ignore vendors to your Managed Vendors list

  • Select the vendor(s) you would like to review, and choose Add or Ignore 
  • Vendors added will be visible from the Managed vendors tab

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Procurement requests for new vendors can be managed from the Procurement tab.

  • To add a procurement request, select +Add procurement request
  • Provide a vendor name, category, and assign an owner
  • Complete the Additional details section 

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  • Select Add Procurement request 

To start the review, select Start 

  • Make any necessary changes to the information and select Continue to inherent risk scoring 

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  • Leverage the auto-risk scoring functionality or manually input Risk attributes 
  • Begin the security review 

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Security Reviews 

  • Click on the vendor you would like to start the security review for
  • Request documents from the Vendor by selecting Request documents and using the security review private link functionality or Upload the documents manually

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  • Continue to add findings and add any additional information 
  • Make a final decision
    • Approved
    • Conditionally approved 
    • Not approved 
  • Mark Review as complete 

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