Assess supplier security

Accelerate security reviews with centralised, standardised and robust supplier assessments aligned to key regulations.

Centralise assessment processes

  • Ditch the manual tools. Replace spreadsheets, files, and folders with a single platform for all supplier security data departments.
  • Streamline communication. Instead of fragmented email chains, keep discussions visible and transparent across different stakeholders.
  • Maintain a unified audit log. Track changes to auditor reviews and store private notes, evidence, and documents in one place.

Assess security aligned to your needs

  • Use a regulation-aligned framework. Rely on a framework that is updated every six months to align with new regulations and industry focuses.
  • Review standardised profiles. Ask each supplier the same questions and receive standardised (and continuously updated) security profiles for ease of comparison.
  • Set the security expectations. Set up custom labels and policies to align with your organisation’s specific requirements and receive contextual evidence from suppliers.

Constantly monitor supplier security posture

  • Track in real-time. Monitor compliance scores and assessment progress via live dashboards and activity logs.
  • Receive continuous updates. Access live security information and receive a weekly email summary of any changes within your supply chain.
  • Automate re-assessments. Automatically email suppliers every six months to ensure data remains current.

Case Study

Civil Aviation Authority

“The amount of time it would've taken to do what Risk Ledger does, especially to that level of detail, is more than a full-time hire's work."

Results

  • 50% Reduction in onboarding time (Synectics Solutions)
  • 75% Average reduction in time spent reviewing vendors
  • 60% Reduction in Crowe UK’s TPRM costs.

FAQ

Frequently asked questions

How often do suppliers update their profile?

Suppliers, as a minimum, update their profile at least every 6 months and this is automated through the platform meaning at the very least you are receiving updates at least twice as much vs a manual method with zero effort on your side. Typically suppliers update their profile more often than this as they are connected with more than one customer, therefore updating their profile as they go through further reviews.

But it's still a self assessment? i.e. I have to trust what the supplier says?

Yes, it is a self assessment, it is an industry norm that self assessments are sufficient for supplier reviews as scanning tools cannot give us a view on internal security controls and onsite audits are over burdensome on both client and supplier resources. Taking the above into account, Risk Ledger has built our best in class Supplier Assessment Framework focused on allowing the suppliers to demonstrate their specific security controls and evidence to support the client in understanding whether the supplier is appropriately complying with regulations and best practices.

So I can see my 4th/5th/6th parties? What about ones that are not on the platform?

Yes, the suppliers need to be on the platform to assess 3rd parties and beyond which is why growing the network is a priority.

Reviews

“As a user, the tool is already indispensable.”

Verified User in Hospital & Health Care Mid-Market(51-1000 emp.)

Excellent service from initial enquiry through the post-onboarding support

“The Risk Ledger Platform is easy to implement and includes a number of features to improve efficiency when monitoring supplier compliance”.

Verified User in Utilities Small-Business(50 or fewer emp.)

Supply chain assurance made easy

"One of the main advantages of Risk Ledger is that suppliers complete a single profile which they can then share with their clients on request. Suppliers benefit as they only have to do it once (besides regular updates obviously). Clients benefit too as other companies on Risk Ledger may have previously invited the same supplier which means it is already available as soon as they accept the connection requests".

Verified User in Financial Services Mid-Market(51-1000 emp.)

Comprehensive Review and Analysis of Risk Ledger

"It consolidates risk information in one place, making it easier to identify, assess, and manage risks across the organization".