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With hundreds or even thousands of vendors...
Managing vendor risk is hard
The Spreadsheet Problem
Too many vendors sending too many spreadsheets becomes impossible to manage at scale.
The Questionnaire Problem
You need all your security concerns addressed, but not all concerns apply to all vendors. How do you sort out who should be asked which questions?
The Email Problem
Security questionnaire responses get lost in clogged inboxes, and even when they don't, there's excessive back and forth communication to manage.