Individual vendors require different levels of due diligence. Critical vendors may be reviewed quarterly, while less critical vendors may be reviewed on a semi-annual or annual basis. VendorPoint™ takes the parameters from your policy and automatically implements the review frequency. When it is time for a vendor to be reviewed, VendorPoint™ will create the appropriate due diligence questionnaire, populate it with previous responses from non-resolved issues, and send reminders to individuals responsible for completing their respective sections of the questionnaire. VendorPoint™ incorporates a state of the art wizard-driven automated interface that:

• Ensures consistent policy enforcement and standardizes vendor criticality across the enterprise
• Provides a consolidated overview of all vendor related risk exposures
• Automatically notifies appropriate stake-holders based on multiple criteria
• Controls workflow by:
• notifying the individual responsible for completing the assessments,
• maintaining notes on exceptions,
• incorporating audit trails to track reviews and
• validating approvals