RiskLedger
UnclaimedConnect, visualize, and protect your supply chain with real-time risk insights and collaboration.
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TL;DR - RiskLedger
- Real-time third-party risk management for entire supply chains.
- Visualizes concentration risks and interdependencies across all supplier tiers.
- Automates supplier assessments and provides continuous monitoring for emerging threats.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces time and resources spent on manual supplier assessments.
- Provides a holistic, real-time view of the entire supply chain, including nth-tier vendors.
- Enhances proactive threat response with continuous monitoring and emerging threat notifications.
- Simplifies compliance and auditing processes with centralized, up-to-date data.
- Improves supplier engagement by offering a free platform for suppliers to maintain one security profile for multiple clients.
Cons
- Initial setup requires suppliers to complete assessments, which may involve some effort.
- Effectiveness relies on active participation and accurate data from suppliers within the network.
Key Features
Real-time risk insightsComprehensive supply chain visualizationConcentration risk identificationInstant access to a vast supplier networkContinuously updated risk assessment frameworkProactive emerging threat managementAutomated supplier onboarding and re-assessmentsRules-based controls and customizable policies
Pricing
Paid
RiskLedger offers paid plans. Visit their website for current pricing details.
About RiskLedger
By Toolradar Team·
Risk Ledger is a comprehensive third-party risk management platform that revolutionizes how organizations manage their supply chain security. It connects an organization's entire supply chain into an active network, providing real-time insights and enabling proactive risk mitigation. The platform helps identify concentration risks, visualize complex supply chain interdependencies, and informs users of emerging threats, enhancing the overall security posture and resilience of their supply chain.
Designed for organizations of all sizes, from mid-market to small businesses, Risk Ledger centralizes all supplier security data, eliminating the need for manual spreadsheets and disparate systems. It streamlines supplier due diligence, automates assessments, and facilitates direct communication with suppliers regarding non-compliance. By offering a continuously updated risk assessment framework mapped against the latest regulations, Risk Ledger ensures compliance and helps defend against supply chain attacks.
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RiskLedger FAQ
How does Risk Ledger help identify concentration risks within my supply chain?
Risk Ledger provides a dynamic network model that visually represents your entire supply chain, from primary suppliers to nth-tier vendors. This visualization allows you to quickly identify and understand concentration risks and interdependencies by showing which suppliers are critical or shared across multiple parts of your operation.
What is the average time to value for organizations implementing Risk Ledger?
The average time to value for organizations using Risk Ledger is 17 days. This rapid deployment is achieved through streamlined supplier onboarding and immediate access to existing supplier data within the network.
How does Risk Ledger ensure its risk assessment framework remains current with evolving cybersecurity threats and regulations?
Risk Ledger maintains a continuously updated risk assessment framework across 12 risk dimensions. This framework is regularly researched and updated to align with new regulations, industry focuses, and identified gaps within its network, ensuring your risk management practices are always current and compliant.
Can suppliers use Risk Ledger for free, and what benefits do they gain?
Yes, suppliers can use a free platform on Risk Ledger. This allows them to maintain a single security profile and share their assessments with multiple clients, significantly reducing the time and resources they would otherwise spend completing individual security reviews for each client.
How does Risk Ledger assist with auditor reviews and compliance reporting?
Risk Ledger centralizes all supplier assessments, remediations, and compliance scores in one place, making it quick and easy for auditors to review risks and controls. The platform's industry-recognized status also means auditors are less likely to require follow-ups or ask questions about bespoke questionnaires.
What kind of continuous monitoring does Risk Ledger provide for the supply chain?
Risk Ledger actively monitors the supply chain by automatically requesting re-assessments from suppliers every six months to ensure data is always current. It also provides weekly digest emails, activity notifications, and tracks dashboards and activity logs in real-time, notifying you of any changes or emerging threats impacting your supply chain.
Source: riskledger.com