Smarsh Vendor Risk Management

What Smarsh Vendor Risk Management is

Smarsh Vendor Risk Management is a cloud-based platform for evaluating vendors and managing third-party risk. Organizations can maintain a centralized vendor database, review vendors, manage remediation, and produce reports. For assessments, customers can use their own questionnaires or licensed content, assign them to third parties, track status, score responses, and compare results with industry benchmarks. The platform filters and scores answers by risk rating, creates remediation tickets, and provides on-demand reports with auditable remediation tracking. Its Vendor Breach Monitoring offering uses third-party intelligence to monitor vendors for breaches and records alerts, assessments, and responses in the platform. Smarsh says automating tasks based on vendor responses can increase assessment efficiency by up to 70%. The product includes evidence collection, continuous monitoring, and workflow automation. Smarsh says its security model includes encryption in transit and at rest, single sign-on and multi-factor identification, vulnerability monitoring, and independent penetration testing. Pricing is on request; the product page describes three service levels without listing prices.