Vendor Risk Assessment Managed Services Resources
Find more information about managing third-party vendor and supplier risk.
Mitratech Vendor Risk Assessment Managed Services
Trust us with your vendor risk management and take back time for what matters most.
Let Us Handle the Heavy Lifting in Your Vendor Risk Management
Every organization must address compliance and risk obligations related to third parties — a responsibility that can quickly overwhelm teams lacking resources or deep expertise. How can you meet compliance and risk management requirements while optimizing your team’s time and resources?
Mitratech provides managed services to handle your third-party risk assessment and monitoring needs. Our in-region Risk Operations Centers (ROCs) manage the vendor lifecycle on your behalf – from onboarding vendors and collecting evidence to providing remediation guidance and reporting on contract SLAs. As a result, you reduce vendor risk and simplify compliance without burdening internal staff.
Why Choose Mitratech for Vendor Risk Assessment Managed Services?
Elevated Efficiency
Improve productivity and effectiveness by focusing on managing risk rather than on managing vendor details.
Ready to Offload Your Vendor Risk Management?
Request a DemoSmarter Vendor Risk Managed Services Start with These Key Features
Mitratech Vendor Risk Assessment Services help you simplify and scale third-party risk management with comprehensive managed services and capabilities.
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Collect Evidence & Chase Responders
ROC Analysts create assessment schedules and send emails to recipients with up to 3 chasers, escalating as necessary. The team will monitor assessment completion stats, collect insights, and provide first-line support to vendors.
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Analyze Responses & Evidence
Analysts review uploaded evidence to ensure it matches the requested criteria, confirm the review dates are within the past 12 months, validate that key question responses are consistent, check response notes for completeness, and deliver comprehensive reports.
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Map SOC2 Reports to Risk Assessments
Third parties submitting a SOC 2 report instead of a completed vendor risk assessment can rely on Mitratech to review the control gaps identified within the SOC 2 report, create risk items against the third party within the solution, and track and report against deficiencies.
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Report on Contextual Risks
Analysts deliver specialized business context into each unique vendor relationship and provide more prescriptive guidance for risk remediation.
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Validate Controls
Mitratech delivers expert, in-depth reviews of third-party assessment responses and documentation against established testing protocols to validate that indicated controls are in place.
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Remediate Risks
ROC analysts work with your team to develop recommendations to mitigate risks and communicate with third parties for resolution.
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Manage Third-Party Incident Response
ROC analysts distribute and track event-driven assessments in response to third-party security incidents, curate the results, and report on each event to track completion and impact.
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Additional Managed Services
Users can leverage the ROC to: Onboard and manage vendor contacts; Onboard and manage contracts; Identify and manage SLAs; Map third, fourth, and Nth party relationships; Triage and curate events.
“The amount of time the team has saved by using the Mitratech solution is just massive. It’s allowed us to focus on so many other things, and the team now doesn’t have to worry about going out and getting assessments back.”
FAQs about Vendor Risk Management Services
How do Mitratech Vendor Risk Management Services work?
Our in-region Risk Operations Centers (ROCs) oversee the entire vendor lifecycle, including vendor onboarding, risk assessments, evidence collection, ongoing monitoring, and ensuring compliance with contract SLAs. We provide end-to-end support to mitigate risks and streamline your processes.
What types of vendors do you manage?
We manage all types of third-party vendors, from IT providers and contractors to service providers, suppliers and consultants, ensuring that each vendor is thoroughly vetted and continuously monitored for risk factors.
How does Mitratech assess vendor risks?
We assess vendor risks through a comprehensive evaluation process that includes reviewing financial stability, regulatory compliance, security practices, operational risks, and past performance. Our team uses advanced tools and methodologies to identify and address potential risks before they affect your business.
Can Mitratech Vendor Risk Management Services integrate with my existing systems?
Yes! Our solution is designed to seamlessly integrate with your current systems and workflows, ensuring minimal disruption while enhancing your vendor risk management processes.
How does Vendor Risk Assessment Managed Services handle sensitive data during vendor risk assessments?
We take data privacy and security seriously. All sensitive information is handled in compliance with relevant regulations such as GDPR, CCPA, and others. Our platform uses secure encryption and access controls to ensure that data is protected throughout the entire process.
How often should vendor risk assessments be conducted?
Vendor risk assessments should be conducted regularly, at least annually, or whenever there is a significant change in a vendor’s operations or the risk landscape. We recommend continuous monitoring to ensure any emerging risks are identified and addressed promptly.
Are Vendor Risk Management Services customizable?
Yes, our service is fully customizable to fit the unique needs and requirements of your business. We work with you to tailor the solution to meet your specific risk management goals and compliance standards.
How do I get started?
Getting started is easy! Simply request a demo or contact our sales team, and we’ll guide you through the process of implementing our vendor risk management solution tailored to your needs.
©2025 Mitratech, Inc. All rights reserved.
©2025 Mitratech, Inc. All rights reserved.