article thumbnail

Product’s Perspective: True Risk: Why External Vendor Ratings are Only Half the Picture

LogisManager

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works. Bonus Material: Free Risk Assessment Template.

article thumbnail

The Importance of Building a Culture of Trust and Compliance

Fusion Risk Management

These requirements can apply in third-party risk scenarios but also more broadly across the enterprise where risk for misconduct exists. Circling back to third-party risks, fines for violating sanctions can range from $90,000-$1.5 million per violation, depending on the specific provision violated.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management

LogisManager

2021 Gartner® Magic Quadrant for IT Vendor Risk Management Tools. From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. Trend Alert: Lack of Software Interconnectivity. Using Contracts to Mitigate Vendor Risk.

article thumbnail

Product’s Perspective: Better Together – The Importance of Using Integrated Software for Vendor Management

LogisManager

From the perspective of our Product team, the challenges of risk and compliance professionals are at the forefront. This collaborative group of developers, designers, lawyers and former risk managers uses those insights, along with rigorous R&D, to inform the way LogicManager works.