Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Concerns are mounting regarding supplier (third-party) relationships, particularly in areas such as cyber threats, sustainability, compliance, and continuity risks. The frequency and ramifications of incidents involving third parties, along with increasing compliance requirements, are becoming more pronounced. Our platform functions as a secure, integrated hub designed to promote collaboration across various internal risk disciplines, business teams, and external partners. It allows for the efficient and secure exchange of documents and questionnaires while offering a cooperative environment for developing shared requirements. Within this unified platform, internal teams have the flexibility to determine which information they wish to disclose to other groups and outside entities. Furthermore, our third-party catalog integrates effortlessly with your internal procurement systems and external data sources, providing a centralized view of your entire third-party ecosystem. This all-encompassing perspective encompasses essential details about contracts and unique features, ensuring that you have a thorough understanding of your third-party relationships. By leveraging this platform, organizations can enhance their risk management strategies and strengthen their overall resilience.
Description
Third-party risk management (TPRM) provides a systematic framework to evaluate and mitigate the risks that organizations face due to their associations with external entities. These external entities primarily include vendors, customers, joint ventures, counterparties, and fourth parties. Engaging with third parties can introduce considerable enterprise risks, especially as the number of partnerships expands, regulatory scrutiny increases, and the landscape of cyber threats becomes more intricate. As a result, businesses are increasingly allocating resources and focus towards understanding and managing the potential risks associated with these third-party affiliations. While such relationships enhance flexibility and competitiveness in the global market, they also enable organizations to outsource critical functions, allowing them to concentrate on their core strengths. However, the advantages brought by third parties are accompanied by serious risks, including the potential for cyberattacks, disruptions in business continuity, and damage to reputation, all of which can severely impact the overall health of a company. Thus, balancing the benefits and risks of third-party relationships has become essential for effective enterprise risk management.
API Access
Has API
Yes
API Access
Has API
No
Integrations
Creditsafe
Yes
D&B Connect
Yes
EcoVadis
Yes
Jira
Yes
LSEG Due Diligence Centre
Yes
Microsoft Azure
Yes
Microsoft Teams
Yes
Okta
Yes
SAP Cloud Platform
Yes
ServiceNav
Yes
Integrations
Creditsafe
No
D&B Connect
No
EcoVadis
No
Jira
No
LSEG Due Diligence Centre
No
Microsoft Azure
No
Microsoft Teams
No
Okta
No
SAP Cloud Platform
No
ServiceNav
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$750 per year
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
3rdRisk
Country
Netherlands
Website
www.3rdrisk.com
Vendor Details
Company Name
Riskpro India
Founded
2011
Country
India
Website
www.riskpro.in
Product Features
Product Features
GRC
Auditing
No
Disaster Recovery
No
Environmental Compliance
Yes
IT Risk Management
Yes
Incident Management
Yes
Internal Controls Management
Yes
Operational Risk Management
Yes
Policy Management
No
Risk Management
Alerts/Notifications
Yes
Auditing
Yes
Business Process Control
No
Compliance Management
Yes
Corrective Actions (CAPA)
Yes
Dashboard
Yes
Exceptions Management
Yes
IT Risk Management
Yes
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
Yes
Predictive Analytics
No
Reputation Risk Management
Yes
Response Management
Yes
Risk Assessment
Yes
Vendor Management
Audit Management
Yes
Contact Management
No
Customer Database
No
Self Service Portal
No
Supplier Master Data
No
Transaction History
No
Vendor Maintained Profiles
No
Vendor Managed Inventory
No
Vendor Performance Rating
No
Vendor Qualification Tracking
No