Vendor
No one likes doing vendor management, but it is critically important. Use TRAC to develop vendor management program guidelines, undergo a thorough selection process to ensure you find the right partners, and easily conduct ongoing monitoring of your current third-party relationships.
The Art of Effective Vendor Management
Know Thy Vendors
There are plenty of great reasons to work with vendors – offering products and services you otherwise could not, creating efficiencies, freeing up staff to work on other responsibilities, and many more. Each vendor means your information footprint gets bigger and bigger. TRAC’s built-in workflows, question sets, and risk assessments allow you to truly know your vendors and the risks they represent.
Pick the Right Partners the First Time
The easiest way to avoid working with a vendor that you don’t like, that isn’t meeting your expectations, or isn’t invested in your success is to never pick them in the first place. The selection component of our Vendor module allows you to get an apples-to-apples comparison to make sure you choose the right vendor the first time so you aren’t kicking yourself a year down the road.
Feel the Vibes
Nine out of ten workers say that automated tools have improved their lives. TRAC helps reduce the stress that often leads to burnout among cybersecurity professionals.
Confidently Deploy Resources
When it comes to cybersecurity, you don’t have a blank check, so it's important to make every dollar in your budget count. TRAC’s quantitative analytics provide the information you need to understand which business functions to focus on and the controls you should implement to get the most bang for your buck.
See how TRAC can work for you!
Let us show you how TRAC powers businesses like yours with a product demo.
Minimized Workload, Maximized Results
Add a (Virtual) Security Expert
The built-in intelligence in TRAC is the result of more than 1,100 hours of research completed annually by SBS experts, giving you virtual access to a seasoned security expert at a fraction of the cost of hiring one.
Eliminate Extra Work
TRAC modules work together to ensure the effort you have put into risk-assessing your IT assets is not duplicated when it comes to vendor management or business continuity management.
Do the Right Thing
Do you ever worry if you are doing too much due diligence on a vendor? Maybe not enough? TRAC eliminates those concerns by marrying the rules of your program with the risk of the vendor to ensure you are performing the right amount of due diligence every time.
Avoid Auto Renewals
Contract management can be a challenge, but failure to manage your contracts can be a catastrophe. The Vendor module offers a full contract management system to store your contracts and keep track of important dates so you don’t get stuck in a contract you don’t want to be a part of any longer.
Powerful Access Controls
Unlimited Users
A good cybersecurity culture means not having it fall all on one person’s shoulders. TRAC allows you to pull as many people into the process as necessary, acting as the hub for collaboration to complete information security tasks without any hidden fees for additional users.
User-Specific Access
Easily customize roles and responsibilities to ensure each user has access to what they need, but not more than they should.
Action Logging
TRAC’s searchable activity logs provide extensive detail on all actions performed on the platform, helping you understand who did what and when.
Unrivaled Support
Get TRAC Help When You Need It
Have a TRAC question or just need additional training? Dedicated support staff are available now or in the future at no extra cost. More of a “self-help” type? Access user guides, reference sheets, and other educational materials at the click of a button.
Join Our User Group
Attend online TRAC User Group meetings to gain exclusive insights into upcoming enhancements, share best practices, and uncover helpful tips and tricks. Additionally, you'll have the chance to directly connect with our product and development team and contribute your input towards future functionality.
What's Next?
Discover All TRAC Modules
TRAC adapts to your business needs with its suite of 11 modules that can work independently or tightly manage your risk with intermodular operability.Automate your FFIEC CAT or take it one step further with our proprietary ISP Assessment module to your cybersecurity maturity.
Read MoreCertified Banking Vendor Manager
Become a trusted expert in vendor management in the eyes of your auditor or examiner with the Certified Banking Vendor Manager course.