CTG Joins the Shared Assessments Program to Support its Vendor Risk Management Software

BUFFALO, N.Y., June 29, 2011 /PRNewswire/ -- CTG, an international information technology (IT) solutions and services company, announced today it has joined the Shared Assessments Program as a Software Licensee and added its SIG (Standardized Information Gathering) questionnaires to its  vendor risk assessment and management software solution, the CTG Risk Profile Manager (RPM).  CTG RPM provides organizations with more effective and efficient vendor risk assessment and management.

"The maturity and industry acceptance of the SIG questionnaires make their availability as a resource within RPM a natural fit," said Michael Beekey, Managing Director, CTG Security Solutions. "The ability for organizations to use RPM to distribute and process SIG questionnaires from their vendors and suppliers significantly reduces the manual effort normally required. RPM's ability to also intelligently process the results of the questionnaires as part of its risk scoring processes further increases the value of using the SIG questionnaires."

"We commend CTG for incorporating the Shared Assessments Program security standards of global industry organizations into its products," said Catherine A. Allen, Chairman and CEO of The Santa Fe Group. The Santa Fe Group manages the Shared Assessments Program. "By licensing the Shared Assessments Tools, CTG has demonstrated its commitment to meeting client security and vendor risk assessment needs."

CTG RPM is a versatile solution that supports enterprise vendor risk management across multiple industries. It is an especially valuable tool for financial services companies, which are subject to regulatory requirements to have a formal vendor risk management program. CTG RPM is being leveraged by multiple roles within organizations outside of enterprise vendor risk management including contracts, finance, audit, legal, and IT.

CTG RPM's ability to leverage third-party data and combine it with information from organizations' vendors allows organizations to easily identify at-risk vendors and take appropriate action. CTG RPM is unique in that it provides continuous monitoring and updates of the data, providing organizations with a "real-time" view of the overall health and risk-level of the vendor, and allowing alerts and notifications to be automatically generated. CTG RPM supports the "real time" monitoring of vendors through a comprehensive dashboard view, which displays overall vendor risk, alerts, and status of the vendor management lifecycle.

About CTG

CTG develops innovative IT solutions to address the business needs and challenges of companies in several higher-growth industries including healthcare, energy, and technology services. As a leading provider of IT and business consulting solutions to the healthcare market, CTG offers hospitals, physician groups, and regional health information exchanges a full range of electronic medical record services. Additionally, CTG has developed for the healthcare provider and payer markets unique, proprietary software solutions that support better and lower cost healthcare. CTG also provides managed services IT staffing for major technology companies and large corporations.  Backed by 45 years' experience, proprietary methodologies, and an ISO 9001-certified management system, CTG has a proven track record of delivering high-value, industry-specific solutions. CTG's IT professionals are based in an international network of offices in North America and Western Europe. CTG posts news and other important information on the Web at www.ctg.com.

About the Shared Assessments Program

The Shared Assessments Program was created by leading financial institutions, the Big Four accounting firms, and key service providers to inject standardization, consistency, speed, efficiency and cost savings into the service provider assessment process. Through membership and use of the Shared Assessments tools (the Agreed Upon Procedures and the Standardized Information Gathering questionnaire), Shared Assessments offers outsourcers and their service providers a faster, more efficient and less costly means of conducting rigorous assessments of controls for security, privacy and business continuity. The Shared Assessments Program is managed by The Santa Fe Group, a strategic consulting company based in Santa Fe, New Mexico.

SOURCE CTG