Corporater Third-Party Risk Management (TPRM) solution is an enterprise-grade digital tool that enables organizations to establish a solid third-party risk management program. It empowers organizations to gain greater visibility into their third-party relationships and reduce threats related to the use of third parties (vendors, suppliers, partners, contractors, business channels, etc.). By taking a proactive approach to third-party risk management, your organization may strengthen its resilience and prevent risks such as reputational and financial damage, which may result from third-party data breaches, operational failures, and non-compliance.
With Corporater, CROs and risk managers may establish a robust third-party governance framework, standardize due diligence processes, and continuously monitor internal and third-party risks across the organization. Identify, assess, mitigate, control, and continuously monitor risk on customized risk and compliance management dashboards. Corporater supports organizations in meeting various compliance standards including ISO best-practices, GDPR, and others.
Corporater Third-Party Risk Management solution can be implemented as a point solution, or as part of the Operational or Enterprise Risk Management solution. Built on Corporater Business Management Platform, the solution can be seamlessly integrated with other Corporater (and third-party solutions) such as internal audit, regulatory compliance, business continuity management, operational resilience, and others, to form a holistic GRC program.