Nexis Diligence+ vs. UpGuard Vendor Risk

I recommend it especially for companies with sensitive data such as hardware, IT, information and financial services companies.I believe and we believe that having a deep look at a collaborator or new client is important to prevent future costly problems. Understanding that the relationship is as transparent as possible.I imagine that it could also be used in the assessment of credits to a potential client or business partner.

Incentivized

UpGuard Vendor Risk is great when we need a quick view of a vendor’s external security posture, especially during fast-paced onboarding. It’s also very useful for continuous monitoring with visibility into changes at Vendor's side without repeatedly chasing vendors for updates. The only scenario it is not very helpful, is small vendors / start ups that dont have an external footprint, but in that case the questionnaire's can be used.

Incentivized

• reviews prior management employment
• provides additional associations
• shows peer comparisons and updates

Incentivized

• Helped us automate our vendor risk questionnaires
• Helps us continuously monitor our high-risk vendors
• All vendor risk data is in one place, organized by risk level, criticality, and status

Incentivized

• Increase companies with information

Incentivized

• Integration with GRC systems, ticketing platforms could be stronger
• More configurable dashboards will be helpful

Incentivized

It gives overall risk visibility into our supply chain

Incentivized

Cost, and Nexus was more focused for our needs.

Incentivized

We’ve evaluated other third-party security rating platforms, including those which focus heavily on questionnaires, self-assessments, and point-in-time reviews.
UpGuard's usp is continuous monitoring and external risk visibility, automated questionnaires, which reduced our reliance on manual follow-ups. That said, most tools in this space still need to be complemented with internal reviews and contract-level risk assessments, depending on the vendor and use case.

Incentivized

• Strong asset quality
• Low loan allowance
• Quality decisoning
• Supplemental information on Borrowers

Incentivized

• reduce the time and effort spent on vendor due diligence
• it has improved our ability to identify higher-risk vendors early and focus remediation efforts where they matter most, rather than treating all vendors the same
• more informed risk decisions

Incentivized