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Governance, Risk and Compliance (GRC) solutions provider SureCloud, has been recognized as a Challenger by Gartner in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management (VRM) Tools. Key strengths SureCloud was recognized for include the ability to execute and completeness of vision. This follows from the 2019 Vendor Risk quadrant, where SureCloud was recognized as a Niche Player.

SureCloud has also been recognized this year as a Challenger in Gartner’s Magic Quadrant for IT Risk Management Solutions, demonstrating the platform’s ability to deliver a comprehensive risk management program by encompassing IT Risk, Compliance and Vendor Risk processes.

The importance of managing vendor risk

Gartner’s Magic Quadrant report reviews comprehensive IT Vendor Risk Management tool providers, segmenting them into four categories: Niche Players, Visionaries, Challengers, and Leaders. The Quadrant’s market view is based on solution demonstrations and customer feedback, read the Gartner Peer Review report here.

According to Gartner, “The IT Vendor Risk Management use case focuses on the process of ensuring that the use of third-party service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance.”

 

 

 

“We are very proud that SureCloud has been recognized as a Challenger. From our view, this underlines our strategy to continuously innovate and develop our GRC solutions. I am pleased to see that SureCloud’s Vendor Risk Management product is a comprehensive solution that offers a central view of an organization’s vendor assurance program.”

-CEO and Co-Founder, Richard Hibbert, SureCloud

Flexible, highly customizable offering

SureCloud’s Vendor Risk Management solution is designed to offer a simple out of the box framework for organizations to assess and review all their IT third party vendors for potential risks – in one scalable, flexible and highly configurable software-as-a-service (SaaS) solution.

Vendor risk management is a crucial part of any organization’s cybersecurity and risk program, with the number of third parties having access to highly sensitive data and therefore offering a simple route new risks and threats to be introduced to the organization. Demonstrating that each third party’s approach to security and risk management meets your internal standards and regulatory obligations are vital to ensure you are managing vendor risk effectively.

 

SureCloud’s Vendor Risk Management solution offers:

  • Automated third-party notifications and simple to use reporting.
  • A centralized register of all third-party IT vendors, giving a comprehensive view of risk.
  • Full integration with regulatory compliance data and wider IT risk management processes.
  • End user-configurable and dynamically generated risk-assessment for each third party, ensuring that the questions they are asked are ones that apply to them.

 

Access the magic quadrant report, here!

In every review is an experience that matters. Discover our Vendor Risk Management customer feedback with G2, here.

About SureCloud

SureCloud is a provider of cloud-based, Integrated Risk Management (IRM) products, Cybersecurity and Risk Advisory services, which reinvent the way you manage risk. SureCloud connects the dots with IRM solutions enabling you to make better decisions and achieve your desired business outcomes. SureCloud is underpinned by a highly configurable technology platform, which is simple, intuitive and flexible. Unlike other GRC Platform providers, SureCloud is adaptable enough to fit your current business processes without forcing you to make concessions during implementation; meaning you get immediate and sustained value from the outset.

Gartner Disclaimer

Gartner Peer Insights reviews constitute the subjective opinions of individual end-users based on their own experiences and do not represent the views of Gartner or its affiliates.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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