Ostendio MyVCM

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Additional Info

Company (that provides the nominated product / solution / service)Ostendio
Websitehttps://www.ostendio.com/
Company size (employees)10 to 49
Type of solutionCloud/SaaS

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

Operational - Ostendio MyVCM deserves recognition as it helps the whole organization with risk management and is not limited to just one element of a business. Real-time data provides customers with a dashboard view showing the security compliance level by geographies, teams and down to the individual. The system is easy to use on day one and can be used as a data-base of record. Over 70,000 user activities are handled by Ostendio MyVCM monthly including document management, security training, asset management and vendor management.

Extensible - Ostendio deserves recognition for the game changing 2020 launch of MyVCM Vendor Connect which helps organizations manage risk related to their vendors. Ponemon Institute showed 59% of companies have experienced a data breach at the hands of a vendor. Traditional vendor risk management relied on static surveys that vendors completed and mailed in. MyVCM Vendor Connect solves this problem by creating a living ecosystem of vendor assessments. Companies invite vendors to create and maintain online records of their security and compliance readiness via assessments. Responses link to supporting documentation that are easily accessed and kept up to date. Companies can designate assessments to vendors based on specific regulations, or tailor them to their specific requirements.

Real-time audit collaboration - Launched in 2020, the groundbreaking MyVCM Auditor Connect reinvents the audit process, rendering spreadsheets, third party file shares and storage devices effectively obsolete. MyVCM Auditor Connect brings the auditor and customer together on one platform where they can share real-time evidence in a secure location. Unlike previous methods of conducting audits, Ostendio MyVCM provides access to evidence and documents that are always available, easy to update and optimized for collaboration. Customers being audited can track progress in real time and the increased collaboration and efficiency can save time and money.

Overview

Ostendio is helping companies of all sizes as they face one of their biggest current challenges – data security and risk management. Ostendio MyVCM™ is an Integrated Risk Management Platform that makes it easier to build, operate, and showcase your security and compliance program. Organizations of any size who need to demonstrate compliance to security standards internally and externally can benefit from Ostendio MyVCM. The platform provides a single solution incorporating users and requirements from across the enterprise. Ostendio MyVCM helps companies: identify and quantify enterprise risk; rapidly build and deploy security assessments; manage and respond to security incidents and breaches; and align vendors and suppliers to security and compliance standards.

In 2020, Ostendio expanded its platform with MyVCM Vendor Connect and MyVCM Auditor Connect. MyVCM Vendor Connect offers a uniform vendor management security program that scales, regardless of the number of vendors, and it is repeatable and reportable year after year. MyVCM Auditor Connect is the groundbreaking, collaborative marketplace integrated within the Ostendio MyVCM platform that makes it easier for customers to select and work with third party security and risk management audit firms.

The Ostendio MyVCM platform handles over 70,000 user activities each month including document management, security training, asset management and vendor management. Our customers come from various industries including Hospital and Healthcare, Financial Services, Education, Computer and Network Security, and Medical Device manufacturers.

Ostendio MyVCM is the best Risk Management solution as it provides real-time data. Real-time metrics show how a company is performing against industry standards and regulations, and as a cloud accessible tool it is available to employees regardless of location. Ostendio MyVCM leads the future of security and risk management by helping companies work collaboratively.

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