What is Compyl vendor risk management?
Compyl vendor risk management (also third-party risk management, or TPRM) manages risk across the entire vendor lifecycle in one platform. Every vendor is a connected object: onboarded with automated due diligence, assessed with SIG or custom questionnaires, scored for risk and criticality, and tied to the contracts, assets, and controls it touches, then monitored continuously so emerging risk surfaces before it becomes an incident.
How does Compyl automate vendor onboarding and due diligence?
Compyl automates vendor intake with customizable forms and approval workflows, collecting the security, compliance, and operational data you need to complete due diligence before a contract is signed, so high-risk vendors are caught at the gate, not after onboarding.
What vendor risk assessments does Compyl support?
Compyl ships SIG, SIG Lite, and other pre-built assessment templates, and lets you build and reuse custom questionnaires by vendor category. Assessments can fire automatically on onboarding, renewal, or an alert, and standard scoring models flag high-risk vendors based on their security posture.
How does Compyl monitor third-party risk continuously?
Third-party risk does not end at onboarding. Compyl schedules reassessments on a regular cadence, tracks newly identified risks, initiates remediation workflows, and links contracts, assessments, and vendors, so you stay ahead of emerging risk across the whole relationship.
How is Compyl different from a vendor spreadsheet or a point TPRM tool?
A spreadsheet or standalone TPRM tool keeps vendor risk in a silo. Compyl runs it inside your GRC platform, so each vendor connects to the contracts, assets, and controls it touches and its risk rolls into your enterprise risk register: one source of truth from intake to offboarding.
Who is Compyl vendor risk management for?
Security teams, compliance officers, risk managers, procurement, and executives who need structured, scalable oversight of third-party risk, from first due-diligence assessment through continuous monitoring and board-ready reporting.
How often should vendors be reassessed?
Set the cadence by criticality: critical vendors more often, low-risk ones less. Compyl schedules reassessments per vendor and adds continuous posture alerts in between, so a breach, lapsed certification or financial change surfaces before the next scheduled review.
What’s the difference between VRM and TPRM?
The terms are often used interchangeably; third-party risk management (TPRM) is the broader label. Compyl covers the full third-party lifecycle: onboarding and due diligence, SIG, SIG Lite or custom assessments, risk scoring, links to contracts and controls, and continuous monitoring.
