Automate vendor risk management assessments and mitigations across 21 domains with Risk Cloud’s Third-Party Risk Management: SIG Lite Application. It aligns with the SIG Lite Questionnaire from Shared Assessments to unify your vendor onboarding, assessment, risk reporting, and resolution workflows.
What is Third-Party Risk Management SIG Lite?
Working with third parties brings some benefits but can expose your company to the threat of data leaks or cyber-attacks.
Help protect your organisation with SIG Lite’s Third-Party Risk Management app, which you can use to assess how any third party your company works with manages its security risks in 18 areas.
How It Works
Create a centralized vendor repository, then request, collect, and review vendor questionnaire responses in a single location. Risk Cloud’s Third-Party Risk Management: SIG Lite Application enables your organization to leverage SIG without a separate subscription by seamlessly incorporating Shared Assessments’:
- Business Information Worksheet
- Documentation and Artifacts Request List
- SIG Lite Questionnaire
- SIG Core Privacy Questionnaire
- SIG ESG Questionnaire
- SIG AI Questionnaire
Spend less time tracking down documents and emails with the help of Risk Cloud’s vendor questionnaire notifications, deadline reminders, and documentation requests. Automate repetitive vendor onboarding workflows and assessments with secure third-party collaboration in Risk Cloud, then keep risk owners engaged by integrating with familiar tools like Jira, Slack, and Microsoft 365.
Automatically calculate vendor ratings based on 21 SIG Lite risk domains and generate easy-to-read reports that visualize questionnaire status, open findings, findings impact, contract value, and more. Go even further by customizing Risk Cloud’s out-of-the-box reports to align with your organization’s unique needs.
Why You Need It
Whether you’re implementing a SIG Lite questionnaire for the first time or looking to streamline your existing program, Risk Cloud’s Third-Party Risk Management: SIG Lite Application provides pre-built, configurable workflows to:
- Centralize vendor documentation, requests, and questionnaire responses
- Onboard new vendors faster by automating manual admin tasks
- Build stakeholder buy-in with easy-to-read reports on vendor risk ratings, mitigation priorities, and third-party risk reduction