SOURCE: Evantix

Evantix

February 04, 2016 12:00 ET

Evantix Publishes Guide to Vendor Risk Management for SMBs and Departments

VRM Leader's New E-Book Details Challenges That Smaller Organizations Face

NEWPORT BEACH, CA--(Marketwired - February 04, 2016) -  Evantix, a leading Web-based vendor risk management platform, today announced it is publishing a guide detailing the challenges individual departments and small and midsized businesses face in assessing third-party risk. The e-book, Big Risk Concerns, Small Companies: VRM for Departments and SMBs, is available for free download at www.info.evantix.com/big-risk-concerns-small-companies.

Small and midsized businesses (SMBs), as well as individual departments in larger organizations, are just as vulnerable to third-party risk as mega corporations are, and the stakes may be higher -- a small business might not be able to absorb the consequences of a breach or other risk catastrophe like a giant company can. Yet, a full vendor risk management (VRM) program simply may not be feasible for an SMB or department. Evantix's new e-book examines some of the risk challenges smaller organizations face and outlines a strategy that might suit their needs. Among the guide's features:

  • Four vendor risk challenges and trends SMBs and individual departments face in today's risk environment
  • Details on how on-demand risk assessments are providing smaller organizations a viable option to screening key vendors
  • Eight benefits of on-demand assessments

"In this age of increased outsourcing and heightened data security, effective vendor risk management is a necessity, not a luxury," says Jason James, vice president of risk advisory services at Evantix. "SMBs and individual departments that may require only a couple third-party risk assessments a year should not ignore this important process simply because they cannot afford the capital expense or do not possess the resources for a full software implementation. Our new e-book describes how on-demand assessments can help smaller organizations with their vendor risk efforts."

For additional information about this new e-book or Evantix products, please visit the company's website at http://evantix.com.

About Evantix
Evantix provides on-demand risk intelligence solutions that automate the process of risk analysis for enterprises that outsource to their suppliers. Evantix uses a unique and comprehensive process to deliver risk assessments based on a scoring method that allows all stakeholders to easily evaluate risk, readily share this information, and drastically reduce the cost of risk and compliance management. Evantix's leadership in information security, enterprise risk management, and compliance management combines to create a valuable solution for global companies such as eBay, Adobe, McGraw Hill, and PayPal. More information is available at http://evantix.com.

Contact Information

  • Jason James
    VP, Risk Advisory Services
    949-614-7075