THIRD-PARTY RISK MANAGEMENT

Minimize the downside of working with third parties so you can maximize the upside.

Protect Yourself from Third-Party Missteps

Vendors and other third-party suppliers are critical to the success of most organizations – but they also pose considerable risk.

Riskonnect’s Third-Party Risk Management solution brings all of your vendor information together into one, cloud-based platform that monitors third parties throughout the entire relationship.

A Proactive Approach to Managing Third Parties

The software tracks in real time everything that relates to third-party suppliers, including agreements, contracts, policies, and access credentials.

SIMPLIFIES
THIRD-PARTY TRACKING

  • Compiles important details and documentation for all third parties, including your vendors, your vendors’ vendors, and channel partners.
  • Automates workflows to save time and improve reliability.
  • Provides a portal for vendors to submit responses.
  • Vets potential vendors thoroughly and consistently.

IDENTIFIES
VULNERABILITIES

  • Constructs appropriate questionnaires based on vendor type.
  • Calculates a risk score and overall classification (e.g., high, medium, low) for each vendor.
  • Tracks vendor issues – and verifies that they have been resolved.

PROTECTS
YOUR ORGANIZATION

  • Automatically reassesses each vendor according to a set timetable.
  • Creates an audit trail of documentation.
  • Sends alerts when documents are expiring.
  • Easily communicates third-party risk with dashboards and point-and-click reports.

Riskonnect’s Third-Party Risk Management solution streamlines and automates tracking and monitoring of third parties so you can quickly identify high-risk suppliers, collaborate on assessments, and focus your time on more strategic activities.

Assessments

Automatically reassesses every vendor according to the schedule you determine and sends alerts if anything is out of compliance.

Certificate Management

Streamlines management and compliance tracking of agreements, contracts, policies, and access credentials to reduce exposures from third parties.

LEARN MORE

Dashboards

Communicates vendor status quickly and effectively through highly visual dashboards.

Onboarding

Accelerates the onboarding process of third-party suppliers with a dedicated portal and customized questionnaires.

Reporting & Analytics

Combines powerful analytics with intuitive and flexible report design tools to help you make better decisions around your risk data.

LEARN MORE

Risk Rating

Calculates a risk score and overall classification for each third-party supplier to identify your riskiest vendors.

See how our Third-Party Risk Management solution works.

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.

Workers’ Compensation Manager, Stanley Steemer

How’s Your View?

Find out how
Riskonnect can transform
the way you view risk.

Schedule a Demo