LogicGate Vendor Risk Pricing, Features, Reviews & Comparison of Alternatives

LogicGate Vendor Risk

Vendor risk management solution

4.83/5 (6 reviews)

LogicGate Vendor Risk overview

LogicGate Third-Party Risk is a vendor risk tracking and remediation solution designed to help automate risk assessment and scoring, and improve clarity and communication by creating a centralized repository of all vendors, assessments, risks, and mitigations.

LogicGate includes a best practice template to assist users in getting started, and provides users with the tools to self-manage and customize their vendor risk management program, including the ability to define custom scoring rules to automate the tiering of third parties based on their service offering or risk profile. Drag-and-drop controls allow users to customize workflows to integrate with contracting, procurement, and accounts payable processes, and match existing approval flows. Custom assessment forms can be created using the visual form builder, and sent directly to external vendors via email from within LogicGate.

LogicGate’s remediation workflows allow users to create and assign internal and external remediation activities, and ensure that appropriate action is taken to mitigate against identified risks for every vendor. Custom reminder rules enable automatic notification of remediation activity owners when activities are not completed by their due dates, and dependencies can be created to ensure that approvals do not pass unless risk is below defined acceptable thresholds or remediations have been completed. Centralized dashboards give users insight into high risk vendor relationships and full control over access permissions.

Pricing

Starting from
$20000/year
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, Europe

Supported languages

English
LogicGate Vendor Risk screenshot: Custom workflows and forms can be created to align with existing processesLogicGate OverviewLogicGate Vendor Risk screenshot: Third-party risk reports can be generated

LogicGate Vendor Risk reviews

Excellent
5

Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  4.5
  4.0
  4.3
  5.0
Anonymous

Logic Gate as a Compliance Tracking Tool

Used daily for 6-12 months
Reviewed 2019-03-07
Review Source: Capterra

LogicGate is the perfect place to track the components of an effective compliance plan. I love the flexibility of this software. The administrative user can tailor the details of each workflow to fit very specific requirements. User permissions are also easy to manage. We are taking full advantage of the ability to customize the work queue layouts and table reports to manage execution and communication of multiple aspects of our compliance operations.

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Adam Cole

LogicGate Embodies Customer Support

Used daily for 6-12 months
Reviewed 2019-03-15
Review Source: Capterra

Positive! Once everything is setup, maintaining your repositories is super easy. Whether you're doing document management and want to track revisions, risk assesments and want to do quarterly reviews of an asset at a glance, or procedures for admins to follow; this software does it!The people at LogicGate are some of the most responsive and able individuals you will ever work with. Whether email, chat, or phone call; you can always expect them to get back to you within a few minutes. The software itself truly helps create and maintain procedures, audits, and risk assessments. It is easy to use and straight forward to assign evidence requests to outside users, or even users who are not part of the GRC admins.

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Anonymous

Great Workflow Tool

Used daily for 6-12 months
Reviewed 2019-03-07
Review Source: Capterra

LogicGate has been a great asset to implement automated workflows, without having to have a designated IT spend many months building something out. The LogicGate support team is absolutely awesome, they always quickly respond to any questions and are extremely helpful. The tool is very flexible to create workflows for many different use cases. The ability to easily make changes in real-time is extremely helpful when building out new processes and procedures.

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Joe Mangrum

Improved our compliance processes

Reviewed 2016-01-22
Review Source: Capterra

We had several outdated and manual compliance processes that were taking up a majority of our employees work day and issues were slipping through the cracks. We also weren't able to effectively report on the health of our compliance department or how we were complying with regulatory requirements to leadership and government agencies. LogicGate helped us turn our compliance program around and we now have the visibility needed to quickly answer government inquiries and provide the leadership team with the transparency they were requesting. Lastly, their team couldn't have been more responsive, anytime I needed to get ahold of them I could. It was a great all around experience and I very much enjoyed working with the professionals at Capria.

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Lyn Vallow

LogicGate ROCKS!

Used other for less than 6 months
Reviewed 2019-04-18
Review Source: Capterra

Our account rep is very helpful and supportive, as is our customer support rep. During the demo of the product on-site, we got a very good feeling about LogicGate's commitment to its customers and to developing its platform.LogicGate is easy to use, flexible, and has many good features. It's perfect for either a smaller organization, or a large corporate environment.

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LogicGate Vendor Risk pricing

Starting from
$20000/year
Pricing options
Free trial
Subscription
View Pricing Plans

Different pricing tiers are offered depending on use case. Priced per user by primary and secondary users, based on functionality.

External vendors are not charged for user licenses to perform assessments.

LogicGate Vendor Risk features

API
Activity Dashboard
Automatic Notifications
Automatic Reminders

Accounting Integration (125 other apps)
Accounting Management (122 other apps)
Billing & Invoicing (126 other apps)
Compliance Management (87 other apps)
Customizable Reporting (97 other apps)
Data Import/Export (106 other apps)
Electronic Payments (114 other apps)
Expense Tracking (122 other apps)
Financial Analysis (85 other apps)
Invoice Management (174 other apps)
Invoice Processing (103 other apps)
Multi-Currency (106 other apps)
Real Time Data (109 other apps)
Receiving (94 other apps)
Reporting & Statistics (137 other apps)
Third Party Integration (115 other apps)

Additional information for LogicGate Vendor Risk

Key features of LogicGate Vendor Risk

  • Vendor performance rating
  • Vendor maintained profiles
  • Vendor qualification tracking
  • Audit management
  • Supplier master data
  • Custom scoring rules
  • Automatic tiering
  • Process integration
  • Mitigation tracking
  • Centralized repository
  • Remediation activity assignment
  • Automatic notifications
  • Custom reminder rules
  • Customizable workflows
  • Custom assessment forms
  • Request form emailing
  • Visual form builder
  • Vendor onboarding
  • Remediation workflows
  • Centralized dashboards
  • Dependency creation
  • Approval process control
  • Deadline tracking
  • Access level controls
View All Features

Benefits

Custom assessment forms can be created using the visual form builder, and sent to external vendors via emails.

Customizable scoring rules enable the automatic tiering of third party vendors based on their service offering or risk profiles.

Workflows can be customized with drag-and-drop controls to match existing approval processes and integrate with a range of other processes, including contracting, procurements, and accounts payable.

Remediation activities can created and assigned internally and externally, with customizable rules for notifying activity owners of overdue items, dependency creation to ensure that approvals are not passed without completed remediations, and tracking of mitigations.

Centralized dashboards give users control over access permissions, and enable the identification of key risks and tracking of assessment statuses.