Vendor risk, tiered and tracked
Automate the full vendor lifecycle: onboarding, questionnaires, contracts, ongoing monitoring, and offboarding, with fourth-party visibility and incident-aware reviews.
- Vendor portfolio by tier, owner, and status
- Open assessments and review SLA status
- Contract and DPA renewals coming due
The TPRM challenge
Vendors and sub-processors expand fast, regulations demand traceable oversight, and security teams cannot review every renewal with spreadsheets.
- Manual compliance: vendor reviews handled by email and PDFs
- Spreadsheet dependency: vendor inventory and tiering in Excel
- Audit fatigue: regulators asking for TPRM evidence every cycle
- Evidence gaps: due diligence and monitoring proof scattered
- Fragmented risk visibility: vendor risk not connected to enterprise risk
- Poor board reporting: third-party exposure invisible to leadership
- Vendor risk blind spots: sub-processors, fourth parties, and breaches missed
A vendor risk operating model
Waaqi tiers vendors automatically, drives the right depth of review per tier, and keeps oversight current as vendors and risk change.
Automated tiering
Inherent risk scoring tiers vendors and selects the right questionnaire depth.
Streamlined diligence
Send, ingest, and score SIG, CAIQ, and custom questionnaires with AI-assisted review.
Continuous monitoring
Track breaches, incidents, and risk changes and re-trigger reviews automatically.
What you get inside Waaqi
Every module works from one control library, one evidence store, and one risk register.
Vendor Inventory
Single source of truth with owners, tiering, contracts, and data flows.
Inherent Risk Tiering
Score vendors by data sensitivity, criticality, and access to drive review depth.
Questionnaires
SIG, CAIQ, and custom questionnaires with AI-assisted answer review.
Contracts & DPAs
Catalog DPAs, BAAs, MSAs, and security addenda with renewal tracking.
Continuous Monitoring
Breach feeds, news, and ratings monitored against your vendor list.
Fourth-Party Risk
Track sub-processors and dependencies to manage concentration risk.
Business Owner Workflows
Bring business owners into onboarding and reassessment with simple tasks.
Framework Linkage
Map vendor risk to ISO 27001, SOC 2, GDPR, HIPAA, and regional regs.
From control definition to audit-ready evidence
Each step is owned, dated, and traceable, so nothing depends on a spreadsheet or a single person.
- Step 1
Intake
Capture new vendors with data, access, and criticality details.
- Step 2
Tier
Score inherent risk and select questionnaire depth automatically.
- Step 3
Assess
Run questionnaires, review SOC 2/ISO reports, and document risk decisions.
- Step 4
Monitor
Reassess on cadence and re-trigger reviews when risk events occur.
Show evidence of oversight
Provide regulators and auditors a complete picture of vendor due diligence, contracts, and ongoing monitoring.
- Vendor register with tiering and rationale
- Diligence history with questionnaires and decisions
- DPA and BAA repository with sub-processors
- Incident and breach history per vendor
- Reassessment cadence and overdue reviews
Board level answers without a fire drill
Boards, CISOs, and risk committees get the same numbers the compliance team works from.
Lower vendor breach impact
Earlier detection and tighter contracts reduce vendor-related incident impact.
Faster procurement
Pre-tiered, pre-assessed vendors accelerate new business projects.
Regulator confidence
Document oversight expected under GDPR, HIPAA, NCA, SAMA, and others.
Questions we get asked
What is Third-Party Risk Management (TPRM)?
TPRM is the process of identifying, assessing, monitoring, and treating risk that arises from vendors, suppliers, processors, and other third parties.
Does Waaqi support fourth-party risk?
Yes. Waaqi captures sub-processors and key dependencies of your vendors so you can track concentration and cascading risk.
Can Waaqi automate vendor questionnaires?
Yes. Waaqi sends, scores, and tracks security and privacy questionnaires (SIG, CAIQ, custom) and accepts SOC 2 and ISO reports as supporting evidence.
How does Waaqi handle ongoing monitoring?
Set tier-based reassessment cadence, monitor incidents and breaches affecting vendors, and re-trigger reviews when scope or risk changes.
Operationalize vendor risk
See how Waaqi automates third-party risk from onboarding to offboarding.