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Risk Transfer for
Vendors and Suppliers

By providing configurable risk assessments and comprehensive verification, the Evident solution enables you to contractually transfer risk to your vendors and suppliers.

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Key Benefits

Protect your organization as your vendor network and supply chain grow with our comprehensive risk transfer solution.

Offload Risk Effortlessly

Offload Risk Effortlessly

Transfer third-party risks, ensuring comprehensive protection for your organization and peace of mind for you.

Take Control with Data

Take Control with Data

Gain visibility into your third-party network with complete data at your fingertips.

Automate Evaluations Efficiently

Automate Evaluations Efficiently

Leverage AI to evaluate COIs and identify non-compliance, removing the need for manual reviews.

Evolve with Risks

Evolve with Risks

Stay agile and responsive to emerging risks with the most configurable solution available.

Trusted by thousands of companies

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Manage Hundreds of Vendor and Supplier Risk Requirements in One Place

Eliminate Endless Email Loops

Automate third-party interactions and eliminate the endless loop of emails. Customize messages to align with your brand, ensuring consistency and relevance while reducing administrative burden. Streamline communication processes and enhance efficiency with automated solutions.

How We Work With Your Team

Align strategies for effective risk transfer, vendor management, and contractual oversight with streamlined processes and real-time monitoring.

Risk-Management
Risk Teams

Strengthen organizational resilience by using automated evaluations and monitoring, identifying and mitigating supplier risks to maintain operational stability.

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Operations
Operations Teams

Streamline project execution by managing subcontractor and supplier risks, while ensuring that all parties consistently meet required quality and compliance standards.

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Procurement
Procurement Teams

Ensure supplier reliability and mitigate contractual risks through automated communication and global insurance verification, improving vendor management.

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Ready to transform your vendor and supplier relationships?

Contact us to learn more about how our risk transfer solutions can benefit your company.

Schedule Your Demo

Resources for Risk Transfer

Risk Transfer in Contract Management

Risk Transfer in Contract Management

Risk transfer is an important aspect of contract management. When contracts come into play, risk managers must be aware of all potential risks and how to effectively transfer them for the best long-term outcomes. In this blog post, we’ll cover: What is Risk Transfer in Contract Management and Why is it Important How risk transfer […]

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Risk Transfer: 3 Examples Retail Owners Should Be Aware Of

Risk Transfer: 3 Examples Retail Owners Should Be Aware Of

We are going to walk you through three incidents that can result in lawsuits for a retailer. While it may not always be possible to avoid legal action, risk transfer can minimize costs and keep your insurance premiums more affordable. Discover practical ways to protect your business and assets. Let’s explore a case involving a […]

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Ask an Insurance Expert: Contractual Risk

Ask an Insurance Expert: Contractual Risk

As a risk manager, understanding the ins and outs of contractual risks is critical. From determining appropriate coverage to negotiating contracts with subcontractors, it can be overwhelming to try and make sure you’re taking all possible measures to protect your business from financial losses. To ensure you have a full understanding of contractual risks, we’ve […]

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Common Types of Overlooked Risks in Third-Party Risk Management

Common Types of Overlooked Risks in Third-Party Risk Management

This post will identify some of the most commonly overlooked risks in TPRM programs. 1. Contractual Limitations and Liability Clauses One of the most frequently overlooked risks is the limitation of liability clauses in contracts. For instance, security companies often include clauses that cap their liability to the amount paid for their services over the […]

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Employers’ Liability Insurance And What You Need To Know

Employers’ Liability Insurance And What You Need To Know

As a risk or procurement professional, understanding the nuances and necessities of your employer’s liability policy is paramount. This coverage is a critical component in your complex risk machinery. In today’s increasingly remote and digital world, not only is it important to protect your own workforce, but also ensure your third and fourth parties are […]

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Ensuring Uninterrupted Coverage with Re-Verification of Cancelled Insurance

Ensuring Uninterrupted Coverage with Re-Verification of Cancelled Insurance

Insurance Verification Challenges In order to be effective, insurance verification must be an ongoing process. By their very nature, insurance policies expire – with a meaningful portion expiring every month – necessitating a robust tracking, collection, and verification system. But simple re-verification at expiry is grossly insufficient, as policies can be canceled both by the […]

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Why Third-Party Risk Management is Crucial

Why Third-Party Risk Management is Crucial

Third-party relationships can introduce a myriad of risks that, if left unchecked, can lead to significant operational, financial, and reputational damage. Our discussion will be guided by insights from industry experts: John Kline Director, Risk & Insurance Management · Discover Financial Services Manny Padilla Vice President, Risk Management & Insurance at MacAndrews & Forbes Toni […]

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Top 10 Third-Party Risk Challenges

Top 10 Third-Party Risk Challenges

Third-party relationships can introduce risks to privacy, security, and regulatory compliance. If left unchecked, these risks can lead to non-compliance, operational disruptions, and reputational damage. Consequently, TPRM (Third-party risk management) has become integral to corporate policy. Adopting TPRM allows companies to plan for business continuity and monitor third parties to uphold brand reputation. However, third-party […]

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Are you ready to be in control? See how Evident can help.

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