Third Party Risk Assessment
Gain an integrated, up-to-the-minute perspective of your organisation’s external stakeholders to shield your business from any potential risks
Build a stronger, more secure business with proactive third-party risk management
Third-party risk assessment, also referred to as supplier risk assessment, evaluates the risks linked with third-party vendors and suppliers offering products or services to your organisation.
Through our Third Party Risk Assessment solution, we help you gain an integrated, up-to-the-minute perspective of your vendors, suppliers, and contractors, to shield your business from existing third-party risks. From information gathering and onboarding to real-time monitoring, risk assessment, compliance checks, and risk mitigation, the solution automates the entire process. Employing an integrated approach, your organisation can oversee third-party risks more effectively, fostering trust with external stakeholders.
- Take sourcing and negotiation decisions with confidence by leveraging historical data on third-party risks and performance.
- Improve third-party consolidation, rationalisation, and visibility across various business functions.
- From onboarding to offboarding, effectively handle third-party risks throughout the lifecycle of their engagement with your organisation.
- Mitigate the occurrence of third-party risk incidents and ensure operational continuity through swift and insightful risk evaluations.
Build resilience in your supply chain and ensure long-term success
Assess inherent risks continuously by automatically verifying third-party information and detecting potential red flags using globally sourced data on diverse risks.
Stay ahead of potential risks by seamlessly integrating automated third-party verification and global data analysis. Our system dynamically detects red flags across diverse risk categories to ensure proactive risk management.
Key features
- Streamline the process of verifying third-party information through automated systems, saving time and resources.
- Access a wealth of globally sourced data to gain insights into various risk factors, enhancing risk assessment accuracy.
- Identify potential risks early on by detecting red flags across a spectrum of risk categories, enabling timely mitigation strategies.
Monitor performance and proactively identify potential failures by assessing and tracking each third party’s KPI scores
Efficiently monitor performance and preemptively detect potential failures through diligent assessment and continual tracking of key performance indicator (KPI) scores for third-party entities.
Key features
- Vigilant monitoring
- Proactive identification
- Continuous tracking
Efficient Intake and Request Procedure
Automate risk assessments for each third party, allow for risk mitigation prior to onboarding, and authenticate third-party information via seamless third-party intake across departments.
Key features
- Automates risk assessments for each third party.
- Enables proactive risk mitigation measures before onboarding.
- Seamlessly authenticates third-party information across departments.
Organized and Structured Portal
Search, locate and access comprehensive third-party profiles based on various criteria, and submit, modify, or upload pertinent information.
Key features
- Locate third-party profiles with ease using diverse criteria.
- Effortlessly submit relevant information for database accuracy.
- Modify or upload data to tailor profiles to specific needs.
Organized and Structured Portal
Conduct systematic, customized audit assessments, online or onsite, of third parties leading to simplified audit process, information gathering reporting, & issue resolution.
Key features
- Conduct thorough audit assessments tailored to individual third-party needs, whether online or onsite.
- Simplify the audit process through systematic approaches, ensuring efficient information gathering.
- Promptly address and resolve any issues identified during the auditing process for enhanced compliance and risk management.
Actionable insights with intuitive dashboards and reporting
Manage team more effectively with informed decision making and compare third parties with assessment scores by leveraging powerful dashboards, reporting and analytics tools.
Key features
- Informed decision-making
- Third-party assessment comparisons
- Streamlined management
Assess inherent risks continuously by automatically verifying third-party information and detecting potential red flags using globally sourced data on diverse risks.
Stay ahead of potential risks by seamlessly integrating automated third-party verification and global data analysis. Our system dynamically detects red flags across diverse risk categories to ensure proactive risk management.
Key features
- Streamline the process of verifying third-party information through automated systems, saving time and resources.
- Access a wealth of globally sourced data to gain insights into various risk factors, enhancing risk assessment accuracy.
- Identify potential risks early on by detecting red flags across a spectrum of risk categories, enabling timely mitigation strategies.
Monitor performance and proactively identify potential failures by assessing and tracking each third party’s KPI scores
Efficiently monitor performance and preemptively detect potential failures through diligent assessment and continual tracking of key performance indicator (KPI) scores for third-party entities.
Key features
- Vigilant monitoring
- Proactive identification
- Continuous tracking
Efficient Intake and Request Procedure
Automate risk assessments for each third party, allow for risk mitigation prior to onboarding, and authenticate third-party information via seamless third-party intake across departments.
Key features
- Automates risk assessments for each third party.
- Enables proactive risk mitigation measures before onboarding.
- Seamlessly authenticates third-party information across departments.
Organized and Structured Portal
Search, locate and access comprehensive third-party profiles based on various criteria, and submit, modify, or upload pertinent information.
Key features
- Locate third-party profiles with ease using diverse criteria.
- Effortlessly submit relevant information for database accuracy.
- Modify or upload data to tailor profiles to specific needs.
Organized and Structured Portal
Conduct systematic, customized audit assessments, online or onsite, of third parties leading to simplified audit process, information gathering reporting, & issue resolution.
Key features
- Conduct thorough audit assessments tailored to individual third-party needs, whether online or onsite.
- Simplify the audit process through systematic approaches, ensuring efficient information gathering.
- Promptly address and resolve any issues identified during the auditing process for enhanced compliance and risk management.
Actionable insights with intuitive dashboards and reporting
Manage team more effectively with informed decision making and compare third parties with assessment scores by leveraging powerful dashboards, reporting and analytics tools.
Key features
- Informed decision-making
- Third-party assessment comparisons
- Streamlined management
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Global industry expertise
With 14+ years of experience in providing tech solutions & services to financial institutions around the world, we understand all possible the complexities and challenges.Seamless integration
We understand the importance of ensuring your tools and processes work smoothly together. Our top-notch solutions seamlessly integrate your existing core systems, making work more efficient.Cutting-edge technology
We leverage advanced technologies to help you stay ahead in the world of finance by empowering you to take control of operations, risks & compliance at all levels.Scalable solutions
Ranging from small & medium sized enterprises to expansive global enterprises, our solution's adaptability and scalability enable us to mould them your way.Dedicated support
From implementation to ongoing assistance, we provide exceptional support throughout your journey through a dedicated customer success manager for you.Flexible deployment
We ensure you get the solution that is the right fit for your organisation. From on-premises deployment to cloud deployment, we are your partner in success.Reach out to us
We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.
Committed to delivering excellence
- 14 Years of Experience
- 100+ Clients
- 16 Countries
- 5 Regions
What happens next?
We schedule an introductory call
We do a
discovery meeting
We share a tailored proposal