Third-Party Risk Management
Riskonnect’s Third-Party Risk Management software minimizes your exposure so you can maximize your benefits.
Choose vendors with confidence. Know the facts about a vendor’s security status, financial strength, and level of risk before onboarding them to your company.
Build third-party relationships based on trust. Engage your partners in frank, productive conversations around your standards and expectations.
Keep important documentation ready-to-go. Rest assured that documentation and data are always updated and available when you need it.
Product Highlights:
Free Up Time for More Important Things
How can you understand your level of vendor risk if you spend all day sending and coding assessments? Riskonnect’s Third-Party Risk Management software is designed to take manual tasks off your plate, so you can focus your time on more important things like building relationships.
- Automate workflows to save time and improve reliability.
- Quickly onboard new vendors.
- Turn around supplier assessments much faster, at a lower cost.
- Easily communicate vendor risk profiles with clear, real-time reporting.
- Better prepare for third-party churn and offboarding.
Because of Riskonnect, we were able to move forward with a new piece of business. We were able to expand operations team revenue growth – and increase vendor compliance. Onboarding is a very seamless process for our team and for our vendors.
Increase Visibility to Risk
How can you build a clear picture of third-party risk when assessments and documentation are inconsistent or missing? Riskonnect’s Third-Party Risk Management software gives you the ability to track relationships from beginning to end, giving you instant insights to understand the full story.
- Get agreements, contracts, policies, and credentials all in one place.
- Calculate risk scores for each supplier and automatically set reassessments.
- Be audit-ready with easy-to-access third-party documentation.
- Elevate your assessments with insight into your suppliers’ risk.
Build Trusting Relationships
How well do you know and trust your vendors? Riskonnect’s Third-Party Risk Management software helps you establish strong, two-way communication with your vendors to build successful relationships based on mutual respect and a shared purpose.
- Make fact-finding easy with consistent, coordinated supplier assessments.
- Chat with suppliers in-app to get answers and check status.
- Gain the appreciation of suppliers with our easy-to-use portal for submitting documentation.
Tell Your Story with Confidence
Can you get leadership the insights they need when they need it? Riskonnect’s Third-Party Risk Management software gives you real-time vendor insights in an instant. Never worry about data integrity or missing a deadline again.
- Connect supplier data into a single source of truth to analyze, share, and collaborate around.
- Build your own reports using an intuitive drag-and-drop interface.
- See the detail behind the dashboard with one-click, drill-down capabilities.
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