What is System Of Record For Risk?

System Of Record For Risk Definition

This central repository maintains risk assessments, issues, controls, approvals, and documentation. In TPRM, it ensures consistent governance, auditability, and traceability across the vendor lifecycle.

FAQs

Why use a system-of-record?

To maintain accuracy and avoid fragmented data.

Does it support audits?

Yes, it provides complete evidence trails.

Can it integrate with other tools?

Yes, via APIs or connectors.