Vendor & Third-Party Compliance Management
Manage vendor compliance across security, privacy, operational, and regulatory requirements with tiered assessment programs and tracking templates.
60-75% reduction in vendor management
Systematic compliance tracking
Deep Research & Analytics
The Problem
- ✗Vendor volume and variety
- ✗Multiple compliance requirements
- ✗Documentation management
- ✗Periodic review burden
- ✗Risk prioritization
How Claude Helps
Claude assists with comprehensive vendor compliance management. It assesses vendor documentation, tracks compliance status, identifies gaps and risks, prioritizes review efforts, and generates compliance reports.
Step-by-Step Workflow
Inventory vendors
Catalog all vendors with access level and operational role
Define compliance requirements
Establish security, privacy, operational, and regulatory standards
Assess vendor compliance
Claude evaluates documentation against requirements
Track and monitor
Maintain compliance status and expiration tracking
Report to stakeholders
Generate dashboards, scorecards, and exception reports
Example Prompt
Develop a vendor compliance management program: VENDOR PORTFOLIO: - 150 vendors total - 25 critical vendors (access to sensitive data/systems) - 50 important vendors (significant operational role) - 75 standard vendors (limited access/role) COMPLIANCE REQUIREMENTS: 1. SECURITY - SOC 2 Type II (critical vendors) - Security questionnaire (all) - Penetration testing (critical) - Insurance requirements 2. PRIVACY - DPA/BAA as applicable - Privacy policy review - Data handling assessment - International transfer compliance 3. OPERATIONAL - Business continuity - Financial stability - SLA monitoring - Incident response 4. REGULATORY - Industry-specific requirements - Certification maintenance - Audit rights exercise PROGRAM DESIGN: 1. TIERING CRITERIA - How to categorize vendors - Requirements by tier 2. ASSESSMENT SCHEDULE - Initial assessment - Annual review - Triggered reviews 3. DOCUMENTATION MANAGEMENT - What to collect - Where to store - Expiration tracking 4. REPORTING - Executive dashboard - Compliance scorecard - Exception reporting Generate vendor compliance program and assessment templates.
Frequently Asked Questions
How do I prioritize vendor reviews?
Tier by data access and operational importance. Focus resources on critical vendors.
What about continuous monitoring?
Establish monitoring cadence and triggers for interim reviews.
Can Claude track compliance automatically?
Claude assists with assessment. Tracking requires maintaining compliance records.