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Assess and Mitigate 3rd-Party Risk Across Multiple Risk Domains
Ditch the spreadsheets and start using data-driven workflows to assess your supply base on critical third party risk domains from InfoSec to ABAC and more, improving efficiency while protecting your brand and bottom line.
Assess Supplier Relationships
Understanding what each supplier is doing and why, intelligently identifying and making an assessment of risk exposure.
Minimize Supply Risk throughout the Supply Chain
Develop a multi-level third party risk assessment model that includes each supplier and their relevant suppliers.
Manage Risk
Proactively
Communicate risk to decision makers and maintain regulatory compliance while reducing compliance costs.
Product Features
Understand Supplier Relationships and Risks
Gather internal information on exactly what the supplier is doing, why, and what resources they will have access to.
Get the Right Data from Suppliers
Based on what the supplier is doing and the risks identified, use domain-specific templates (InfoSec, GDPR, ABAC, etc.) to gather the right information for risk mitigation and compliance.
Manage Multiple Risk Domains
Get the right information, model risk, and ensure third party compliance across InfoSec, Anti-Bribery Anti-Corruption (ABAC), GDPR, and many other domains—even as new domains emerge.
Develop Multi-Tier Risk Models
Extend data gathering and risk modeling to include suppliers' suppliers as needed to ensure third party compliance and 3rd party risk management.
Proactively Mitigate Risk
Take action to de-risk the supply base, transitioning spend away from high risk suppliers as needed and managing corrective action plans where appropriate.
Off-Board Suppliers
Ensure compliance with contractual terms for off-boarding—such return of sensitive data—while streamlining termination and transition and maintaining auditable records of compliance.
Featured Resources
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Case Study: Accenture
Intelligent Third Party Risk Management in Action at Accenture Operations
Insights on Improving Business Spend Management
CFO.com and Lagunitas discuss ways to measure Business Spend Management success.