CTG, an IT solutions and services company, announced it has developed a new software solution, the CTG Risk Profile Manager (RPM), which provides organizations with vendor risk assessment and management.
"Managing external vendor or supplier risk is vital to protecting an organization's reputation, data and operations, and ensuring regulatory compliance, says Michael Beekey, managing director, CTG Security Solutions. "CTG RPM employs a new generation of business intelligence software and an advanced risk assessment methodology which utilizes multi-factor profiles to score and identify service providers likely to pose the greatest risk to an organization."
CTG RPM supports vendor risk management across multiple industries. It is an especially valuable tool for financial services companies, which are subject to regulatory requirements to have a formal vendor risk management program. CTG RPM can be leveraged by multiple groups within an organization outside of enterprise vendor risk management including contracts, finance, audit, and IT.
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