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What is Market IQ Lite?
Market IQ Lite is our free-to-use version of the Market IQ module. To learn more about what the Market IQ Suite offers, see The Market IQ Suite. With Market IQ Lite enabled, you can view high-level information for Market IQ Financial and Cyber within vendor records.
The Lite version of the module does not include some of the Advanced features, such as:
- Connecting vendors to the module within vendor onboarding workflows
- Automatically triggering vendor risk monitoring workflows
- Adding Market IQ risk data to your repository list views as additional columns
Market IQ Financial Lite
Market IQ Financial takes live market data from Creditsafe 
to provide you with insights about the financial stability of your vendors. These insights support better decision-making, such as:
- Should clauses or penalties be added to the contractual terms to account for possible issues?
- Are mitigation plans needed in case of insolvency or service disruption?
- Is the vendor financially viable as a partner?
This helps to prevent reduced quality or delayed service due to cashflow issues, inability to scale operations, and service loss caused by supply chain insolvency.
Market IQ Cyber Lite
Market IQ Cyber Lite takes live market data from SecurityScorecard 
to provide you with insights about the cybersecurity safety rating of your vendors. This helps you make more informed decisions, particularly when assessing software providers, such as:
- Should data sharing policies be adjusted to reduce exposure to cyber threats?
- Do we need to specify how our data should be stored, processed, or retained?
- Is this vendor a viable and secure business partner?
This helps to prevent reputational damage from data breaches, regulatory fines due to non-compliance with security standards, and service loss caused by cyber attacks.
Connect Vendors to Market IQ Lite
To connect your vendors to Market IQ Lite, follow the steps in each section below.
Note:
- This process does not send notifications or affect any area of Gatekeeper beyond the Market IQ tab of a vendor record.
- You can disconnect vendors from the module at any time if needed.
Connect Vendors to Market IQ Financial Lite
Navigate to the relevant vendor record, then from the Market IQ tab, click Connect under Market IQ Financial. For best results, ensure the vendor’s legal name, registered address (including country), and company registration number are already populated.
Connect Vendors to Market IQ Cyber Lite
To connect the Cyber module, all you need is the vendor’s company website. You can enter this in the Data tab of the vendor record, or by clicking Connect under Market IQ Cyber in the Market IQ tab.
Note: If the vendor is a SaaS provider, enter the address of their service environment rather than their marketing site. For example, to connect Gatekeeper as a vendor, use eu.gatekeeperhq.com instead of www.gatekeeperhq.com.
FAQ 💬
Q: What is the process when upgrading from Lite to the Advanced version?
A: Your Account Executive will update your tenant settings as part of the upgrade. All existing vendor connections and Market IQ metadata will be retained. Advanced data will be added automatically, enabling immediate use of additional features such as onboarding and monitoring workflows.
Additional Reading 📚
- 📖 Market IQ Suite - Get an overview of all the tools and benefits you can realise with our complete Market IQ Suite
- ▶️ Market IQ Webinar - See a walkthrough of the key uses cases and benefits of Market IQ (including how to get started with Lite)