System-of-Record for Risk

What is System-of-Record for Risk?

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.