Third Party Risk Management Software

Create custom risk and compliance dashboards to have a holistic overview of third-party risks. Define and map KRIs, risk thresholds, business activities, risk assessments, and performance metrics. Track risks over time, identify trends, and automate actions for rapid risk mitigation.

Provide your organization with shared standards and processes for third-party risk management. Save time and resources and prevent confusion by establishing a clear process for moving from initial due diligence to business continuity. Assign tasks, monitor their progress, and receive a notification when a task is completed.

Establishing a standardized approach to third party risk management will lead to more efficient and effective risk management. It will enable your teams to automate repetitive tasks, prevent duplication of efforts, accelerate internal audit activities, and improve transparency across business units and functions.

Continuously monitor and manage internal and third-party risks across your organization. Create and maintain up-to-date risk register of risks associated with your third-parties. Keep track of cybersecurity risks that third parties may expose your organization to. Analyze and control risks associated with outsourcing to third parties. Conduct third-party risk assessments, take action on identified risks, and continuously monitor and remediate residual risks.

Generate and distribute audit-ready reports in a variety of popular formats including Word, Excel, PPT, and PDF. Specify report recipients (key stakeholders, senior managers, the board, etc.) and set automated deployment frequency.