Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Automated risk evaluations customized to align with your risk tolerance provide essential insights for effectively managing third-party risks. Gain the detailed performance assessments necessary for in-depth risk oversight of your vendors with RiskRecon, which offers transparency and contextual insights to help you comprehend each vendor's risk profile. With an efficient workflow, RiskRecon facilitates seamless engagement with vendors, leading to improved risk management outcomes. By understanding the wealth of knowledge RiskRecon has about your systems, you can maintain continuous, unbiased visibility over your entire internet risk landscape, including managed, shadow, and overlooked IT assets. Furthermore, you will have access to comprehensive details about each system, including an intricate IT profile and security settings, as well as information about the types of data at risk in every system. The asset attribution provided by RiskRecon is independently verified to achieve an impressive accuracy rate of 99.1%. This level of precision ensures that you can trust the insights you receive for informed decision-making and risk mitigation strategies.
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
No
API Access
Has API
No
Integrations
Amazon Web Services (AWS)
Yes
Archer
Yes
Captain Compliance
Yes
Global Risk Exchange
Yes
Interos
Yes
NAVEX IRM
Yes
OneTrust Third-Party Management
Yes
Onspring
Yes
Optiv Security Awareness Training
Yes
ProcessUnity
Yes
Integrations
Amazon Web Services (AWS)
No
Archer
No
Captain Compliance
No
Global Risk Exchange
No
Interos
No
NAVEX IRM
No
OneTrust Third-Party Management
No
Onspring
No
Optiv Security Awareness Training
No
ProcessUnity
No
Pricing Details
No price information available.
Free Trial
No
Free Version
Yes
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)
No
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
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
RiskRecon
Founded
2013
Country
United States
Website
www.riskrecon.com
Vendor Details
Company Name
Riskpro India
Founded
2011
Country
India
Website
www.riskpro.in
Product Features
Risk Management
Alerts/Notifications
No
Auditing
No
Business Process Control
No
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
No
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
No
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