​VendorHub
by BCMLogic
Outsourcing, acquisitions, joint ventures and a growing list of subordinate suppliers have created a complex financial services supply chain, and outdated third-party risk management (TPRM) tools are unable to detect and mitigate the growing number of risks.
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Vendor Hub - automate and support the identification, assessment, analysis, remediation and monitoring of information and operational risks associated with an organization's use of IT vendor services
WHAT DOES THE ENTERPRISE GAIN?
Regulatory compliance
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Meeting the requirements of DORA, NIS2, KSC and others (e.g. OWASP).
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Ability to periodically assess ICT suppliers and critical suppliers, in accordance with regulations.
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Division of suppliers into risk categories and assignment of different levels of responsibilities (e.g., BCP only, risk analysis only, full assessment).
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Orderliness, standardization and auditability
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Standardized templates (self-assessment, risk analysis, BCP).
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Central database with document versioning.
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Ability to generate a full report for regulator, audit or management.
Efficiency and time savings
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Elimination of Excel sheets and email communication.
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Automatic reminders and schedules.
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Ability to export data to Power BI and GRC systems.
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Automation and full service
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BCMLogic performs the entire process - the client only indicates the suppliers and the scope of the survey.
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No need to purchase licenses - supplier accounts are free of charge.
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Ability to evaluate new suppliers already at the RFI/RFP stage.
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Transparency and better risk management
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Customer sees data in a single dashboard.
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Ability to analyze and compare data between suppliers.
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Definition of service- or sector-specific requirements.
WHAT DOES THE VENDOR GAIN?
Free profile for your company
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Free access account - no hidden costs.
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No need to invest in external compliance tools.
Clear expectations and standardization
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Clearly defined requirements - you know what to provide and in what format.
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Templates for easy preparation of responses and documents.
Structured communication
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Everything is done through the platform - no need to send back emails and attachments.
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Reminders for review and update dates.
Building trust and relationships
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Transparency of the process builds a professional image of the supplier.
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Ability to enter bidding processes faster (evaluation at RFI/RFP stage).
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Better position in risk assessment and potential preference in selection by clients.
How does it work?
The enterprise customer submits a list of its vendors to BCMLogic (e.g. in CSV format or via integration).​
BCMLogic sets up accounts for vendors and assigns the relevant forms and deadlines.
Vendors log in and complete the required elements: surveys, self-assessments, risk analyses, business continuity plans.
The enterprise customer has access to the dashboard, reports and compliance statuses in real time.​
If required, an aggregate compliance report can be generated, also for audit, regulator or management purposes.