Third-Party Risks
This module offers the ability to address third-party risks. It allows you to create and distribute assessments, continuously monitor, and remediate risk factors, such as expiring contracts and certifications. This ensures the resilience of vendor partnerships and protects against external vulnerabilities impacting your organization.
Protect Your Business from External Threats
Our Third-Party Risk Management module enables organizations to assess, monitor, and mitigate risks posed by vendors, partners, and other third parties. By ensuring transparency and compliance across your external relationships, this module helps safeguard your operations and reputation.
Key Features
Centralized Vendor Database: Maintain a comprehensive repository of all third-party relationships including contacts, contracts, certifications and risk evaluations.
Vendor Risk Assessment: Use best practice or your own third-party risks assessments to determine the critical risk factors before entering or while maintaining business relationships.
Automated Scoring: Benefit from customizable and automatically calculated risk scores to compare and monitor vendors based on your internal and external assessments.
All In One Place: Send, receive and remediate risk assessments with vendors all from within the tool. Fast and secure without the need for external applications.
Dynamic Reporting: Generate detailed insights into third-party risk profiles and mitigation efforts to ensure all third parties adhere to relevant regulatory and contractual obligations.
