Build a complete vendor directory, track contracts and documentation, identify critical third parties, monitor inherent and residual risk, and turn screening results or diligence findings into actionable remediation tasks.
| Vendor | Criticality | Residual | Status |
|---|---|---|---|
| Core Banking Co. Core processor | Critical | Moderate | Active |
| Title Services LLC Settlement | High | Moderate | Active |
| Cloud Hosting Inc. Infrastructure | Critical | Low | Active |
| MailReach Corp. Marketing | Low | Low | Review |
Centralize every third party with ownership, sponsorship, categorization, criticality, status, renewal dates, notes, and history — so nothing about a relationship lives in someone’s inbox.
Know who owns each relationship and who sponsors it internally.
Identify your critical third parties and focus oversight where it matters.
Track status changes and keep a record of how a relationship evolved.
Manage contracts and related contracts, store contract documents, and track renewal dates — with reminders that turn into tasks before a deadline slips.
See what’s coming due and create remediation or review tasks automatically.
Keep contract documents attached to the vendor and the contract record.
Gracen supports OFAC and FHFA screening-result review workflows. Capture results against a vendor, review them in context, and connect any concern directly to a remediation task.
Keep screening-result records attached to the relationship and its history.
Turn a flagged result into an assigned, trackable remediation task.
Vendor contacts and phone numbers kept with the relationship record.
A vendor document repository so the right files are always attached.
Risk descriptions, inherent and residual risk, and risk ranking.
Vendor dashboards and reports, including critical third-party reports.
Findings, renewals, and screening results become assigned tasks.
Link related contracts and keep renewal tracking in one view.
See how Gracen centralizes vendors, contracts, screening results, and remediation — and connects them to the rest of your GRC program.