Terminology Update: Standardized Risk Labels for VRM

We’ve updated our Vendor Risk Management (VRM) labels to align with standard industry terminology. You’ll now see Inherent Risk and Residual Risk throughout the platform, providing instant clarity without the need for extra explanation.

Solution Highlights

• Standardized Naming: "Impact Level" is now labeled Inherent Risk, and "Overall Risk" is now labeled Residual Risk.

• Consistency Across Platform: You will see these updated labels in vendor profiles, tables, filters, and within the TPRM Agent configuration.

• No Logic Changes: This is a UI-only update; your risk calculations, scores, and workflows remain exactly the same.

Learn more at Terminology Updates: Inherent and Residual Risk in Vendor Risk Management.