SYS-CON MEDIA Authors: Pat Romanski, Nikita Ivanov, Yeshim Deniz, Elizabeth White, Sean Houghton

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Evantix Publishes Post-Assessment Remediation Guide for Vendor Risk Managers

New E-Book Provides Advice to Companies on Courses of Action After They Successfully Screen Third Parties

NEWPORT BEACH, CA -- (Marketwired) -- 07/16/14 -- Evantix, a leading web-based vendor risk management platform, today announced it is releasing a new guide to help companies with the myriad of decisions that must be made after receiving a completed vendor risk assessment. The e-book Vendor Risk Management: After the Assessment is available for free download at http://info.evantix.com/after-a-vendor-risk-assessment-remediation-best-practices.

Vendor risk assessments are an important tool for organizations seeking to minimize third-party risk. However, screenings are only one step in the vendor risk management process. After an assessment is complete and in the hands of the risk staff, the results must be analyzed in order to decide the best course of action to take with the vendor. Evantix's new e-book offers advice on what steps are available to companies. Among the guide's features:

  • An explanation of risk scoring and how it helps companies, and their risk staffs, make informed decisions
  • Three options available for managing a low-risk vendor
  • Five steps to possibly take with a medium-risk vendor
  • Five courses of action to consider with a high-risk vendor

"Vendor risk assessments are vital, but the simple act of screening a third party does not magically reduce risk," says Jason James, vice president of risk advisory services at Evantix. "A completed assessment provides a blueprint for the next steps risk staffs will take in managing a third party. Our new e-book provides companies with valuable guidance as they consider what those next steps should be."

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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