SOURCE: Evantix

Evantix

October 29, 2013 04:00 ET

New Evantix Vendor Risk Management Guide Helps Companies With Deciding Which Vendors to Assess

With Enterprises Review Third-Party, New Guide and Checklist Helps Vendors Identify the Vendors With the Most Risk

NEWPORT BEACH, CA--(Marketwired - Oct 29, 2013) - Evantix, a leading web-based vendor risk management platform, today announced it is releasing a new e-book and checklist to help enterprises determine which third parties should be subject to risk management assessments. The e-book Vendor Risk Management Decisions: Who Do You Screen? is available for free download at http://info.evantix.com/vendor-risk-management-checklist-who-screen.

Today's modern business is more reliant than ever upon third parties for its success. This increased outsourcing can help the enterprise's bottom line but also expose it to more risk, thus necessitating more effective risk management. However, the sheer numbers of vendors to screen can be daunting; assessing each one is simply impossible. An enterprise must determine which third parties are most vital to its operations and which ones might present the most risk, and then order risk screenings accordingly. Evantix's new e-book offers a plan to help with these decisions by:

  • Explaining six types of risk exposure a vendor may present
  • Providing questions that risk staffs and IT managers should ask when considering whether to order a vendor risk assessment
  • Including an printable checklist of these questions for easy reference during the decision process

"Determining which third parties should be assessed is crucial to the vendor risk management process," says Jason James, vice president of risk advisory services at Evantix. "Knowing which vendors to assess is half the battle. This e-book helps enterprises identify the riskiest third parties so that you can more actively focus your risk management toward their weaknesses."

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 such global companies as eBay, Adobe, McGraw Hill, and PayPal. More information is available at http://evantix.com.

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