Ask us anything
Need something cleared up? Here are our most frequently asked questions.
What is Krofturg’s Vendor Lifecycle and Risk Management (VLRM) tool?
Krofturg’s VLRM tool is an all-in-one platform designed to streamline vendor management, from onboarding to risk assessment, compliance monitoring, and contract lifecycle tracking. It helps businesses mitigate third-party risks while ensuring regulatory compliance.
Who can benefit from using this tool?
Any organization that works with third-party vendors, suppliers, or service providers can benefit from the VLRM tool. It is particularly useful for businesses in regulated industries like finance, healthcare, and iGaming, where vendor risk management is critical.
How does the VLRM tool help with compliance?
The tool helps organizations align with regulatory frameworks such as ISO 27001, GDPR, and other industry standards by automating risk assessments, maintaining audit trails, and tracking vendor compliance requirements.
What are the key features of the VLRM tool?
Key features include automated vendor onboarding, real-time risk scoring, compliance tracking, reporting dashboards, and vendor performance monitoring.
How does the risk scoring feature work?
The tool evaluates vendors based on predefined cyber risk criteria. This generates a risk score that helps businesses make informed decisions.
How secure is the VLRM tool?
Security is a top priority. The platform employs encryption, access controls, and regular security audits to ensure that vendor and business data remain protected from unauthorized access.
Where is vendor data stored?
Vendor data is stored securely in compliance with relevant data protection laws. The tool supports data residency options based on organizational or regulatory requirements.
We’re just getting started
At Krofturg Technologies, we’re just getting started, and we’re excited to grow with you! Our goal is to make things easier for businesses by providing straightforward solutions for managing security and risks.
We focus on delivering great service and simple, effective technology that helps organizations stay secure.