Enfusion Selects Drawbridge Partners to Transform its Vendor Due Diligence Process
Enfusion to Continuously Monitor Third-Party Cybersecurity Risk with DrawbridgeConnect™
Stamford, CT, October 15, 2020 /PRNewswire/
Drawbridge Partners, a premier cybersecurity software and services firm specializing in the needs of hedge fund and private equity managers, today announced Enfusion, a leading provider of cloud-based investment management software and managed services, has selected Drawbridge to bolster its vendor due diligence process. Enfusion will deploy the DrawbridgeConnect™ platform to manage third party risk and build a robust cybersecurity program that exceeds industry standards.
DrawbridgeConnect allows users to easily aggregate internal cyber risk assessment data to drive analysis, determine program strength and remediation, and create and manage a resilient program to fulfil evolving data privacy mandates, regulatory and investor demands. Firms can easily assess third party vendor cybersecurity risk and ensure all shared data is protected. The platform stores all critical vendor information, launches Due Diligence Questionnaires (DDQs) to third party vendors, and tracks response and completion status. By aggregating the data in a centralized location, DrawbridgeConnect streamlines the vendor due diligence workflow, reducing time and resources used while conducting due diligence.
Enfusion has selected DrawbridgeConnect to transform our Vendor Due Diligence workflow into an efficient and fully auditable process.
“During these challenging times, it’s more important than ever that firms can effectively manage and monitor their third-party relationships as part of their overall robust cybersecurity program. DrawbridgeConnect was created to streamline the vendor due diligence process and deliver a fully centralized platform that helps customers comply with regulatory requirements, meet investor demand and exceed cybersecurity best practices. We’re proud that Enfusion has selected Drawbridge to provide them real-time insight into the current state of their vendors’ cybersecurity programs, identify data risk that lie outside their organization, and help them develop a roadmap to manage and enhance their cybersecurity program, ” said Jason Elmer, CEO, Drawbridge Partners.
We already use DrawbridgeConnect to fulfill diligence responsibilities to some of our own clients, and have found the system to be very effective, which ultimately made our decision-making process much easier.
About Drawbridge Partners
Drawbridge Partners is a premier cybersecurity consulting firm specializing in the needs of hedge fund and private equity managers. With proven results and extensive industry experience, Drawbridge Partners helps managers build and maintain rigorous cybersecurity program to protect their sensitive data. Drawbridge Partners engages in logical, technical, and human processes to deliver state-of-the-art innovations and create programs that exceed regulatory guidelines and investor demands for every client.
Enfusion’s cloud-based investment management software and analytics platform removes traditional information boundaries, uniting front, middle and back office in one system. We create enterprise-wide cultures of real-time, data-driven intelligence, boosting agility and powering growth.
A pioneer in developing innovative financial technology solutions, Enfusion partners with 500+ investment managers from 8 global offices spanning 4 continents. Enfusion’s Managed Services was recently recognized as “Best managed services provider” at the 2020 HFM EU Services Awards.