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22.0.3
Australia, Zurich Patch 7, Zurich Patch 4, Zurich, Yokohama Patch 12, Yokohama Patch 9, Yokohama Patch 2, Yokohama Patch 1, Yokohama, Xanadu Patch 9, Xanadu Patch 4, Xanadu
Standalone Application
The Vendor Risk Management workspace is a single-pane view for third-party risk managers to view the overall risk posture of their third-party ecosystem. In the workspace, users can perform day-to-day activities such as performing and tracking risk assessments, risk issues, and tasks.
Risk managers can manage their entire program: risk domains, ratings from content providers, and internal and external risk assessments. Issues and tasks are managed centrally, so users can also define an action plan for remediation and ensure risks are mitigated quickly and efficiently.
The workspace includes:
- A home page that displays actionable insights and quick links
- A well-organized navigation menu that lists modules based on user needs
- An intuitive page layout for an exceptional user experience for practitioners, business users, and executives
- A holistic, 360-degree view of third parties with context-specific, actionable insights
The Vendor Risk Management Workspace includes the following features:
- A personalized homepage that enables risk managers to better manage their work
- A consolidated tasks landing page for managing all tasks assigned to the user and their groups
- 360-degree data visualization
- New
- Updates have been made to support new issue recommendation skill
- Fixed
- Missing configuration for My group's tasks has been added.
- An issue where, after upgrading to Zurich, submitting an external questionnaire on behalf of a vendor set the questionnaire status to Returned instead of Received has been resolved.
- Workspace alignment issues have been addressed.
- The following plugins must be installed and active:
- GRC: Vendor Risk Management
- Permissions and roles:
- Role required to install the app: System admin (admin)
When you upgrade the Vendor Risk Management Workspace application, make sure to upgrade the Third-party Risk Management application and any other installed GRC applications to the equivalent release version. For example, Vendor Risk Management Workspace version 18.x is certified to work with Third-party Risk Management version 18.x and other version 18.x GRC applications.