For Financial Services Organizations & Their Vendors
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The Zero-Cost Vendor Risk Management Standard

Simple. No hidden fees. Free forever.

Some of our Participating Vendors

Participating Vendors have an Open VRM account to support their clients in the vendor due diligence process.
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Whatever you want to call it...

Flow-Down Regulations
Cascading Regulations
Downstream Compliance Requirements
Inherited Regulatory Requirements
Regulators do not directly enforce their regulations on vendors. Instead, they hold financial organizations accountable for ensuring vendor compliance with applicable regulations. This process, known as Vendor Risk Management and Vendor Due Diligence, involves an annual review of vendors to confirm they meet cybersecurity requirements and regulatory standards.
Features

Introducing Open VRM

A unique, free platform to allow Vendors and their Clients to better communicate and manage the due diligence process of vendor risk management.
Compliance-driven vendor framework and industry-standardized questionnaire.
Pre-filled publicly available information from more than 1,100 Vendors.
Vendor visibility, status, and risk level with dashboard view.

Vendor Perspectives

Hear from Particiating Vendors who are compliant faster.
"Finally a Vendor Risk Management standard that benefits both our clients and us."
Chad Ramberg
President
"Open VRM is a good addition to provide our documents to clients doing vendor due diligence."
Jester Cruz
CISO
"Open VRM saves us answering 150 different Vendor Due Diligence Questionnaires per year."
Joe Lucking
Director Of Operations
Features

How It Works?

Simple Steps to Ease Vendor Risk Management

Vendors

Easily share your vendor due diligence information with clients, choose how they access it, and keep everything up-to-date annually – all in one streamlined process.
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Clients

Review your vendor's due diligence information and complete your vendor risk assessment form to ensure comprehensive evaluation.
Learn more
Expert Guidance and Strategic Oversight

Open VRM Advisory Board

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Eliminate Never-Ending Spending & Optimize Vendor Risk Management Process