Suppliers may sometimes hesitate to join Risk Ledger due to concerns about time commitment and the effort required to manage third-party portals. Risk Ledger offers features designed to streamline the assessment process and reduce the effort required. Below are strategies and tools you can use to address supplier concerns effectively.

The Auto-suggest feature allows suppliers to upload their existing security documentation, which Risk Ledger uses to propose answers for assessment questions. Suppliers can then review, accept, or modify these suggestions. This feature significantly reduces the time required to complete assessments, often cutting it down to just a few hours.

Benefits of Auto-Suggest:

The "small" assessment framework is a streamlined version of the standard assessment, designed to reduce the number of questions while maintaining relevance. This option is particularly useful for suppliers who are concerned about the scope of the assessment.

How It Helps:

When communicating with a supplier who is hesitant to join Risk Ledger, you can use the following template to address their concerns:

"To help you complete the Risk Ledger assessment more efficiently, we recommend using the Auto-suggest feature. You can upload your existing security documentation and use the suggested answers, then review and adjust as needed to save time. We’ve also selected the ‘small’ assessment framework to keep the scope focused and manageable."

This response highlights the tools and strategies available to make the process easier for the supplier, addressing their concerns directly.

By leveraging the Auto-suggest feature and the small assessment framework, you can significantly reduce the effort required for suppliers to complete their Risk Ledger assessments. These tools not only save time but also make the process more accessible and less overwhelming for suppliers.