Third-Party Risk Management
Managing third-party risk with ease.
Ensure the Security of Your Business against Third-Party-Related Risks with Connected Risk®’s Third-Party Risk Management Solution. Our advanced software empowers you to efficiently manage and closely monitor your relationships with third-party service providers and IT suppliers, safeguarding your business performance from any potential disruptions.
Third-Party Risk Management by Connected Risk® equips you with a comprehensive suite of tools to proactively assess, mitigate, and control risks associated with your third-party vendors. By implementing a systematic approach, you can identify and prioritize potential vulnerabilities, taking proactive measures to prevent any adverse impact on your business operations.
Trust Connected Risk® as your reliable partner in third-party risk management, helping you effectively handle risks not only with third-party vendors but also extending to fourth-party risks and beyond.
To maintain optimal business performance, it is crucial to ensure that the engagement with third-party suppliers does not have a detrimental impact. Connected Risk excels at managing potential risks associated with third-party engagements by identifying, evaluating, monitoring, and mitigating the relevant concerns. It actively notifies about emerging threats from third parties, including negative publicity, and establishes predefined tolerance levels, providing valuable risk exposure assessments. This prompts timely warnings and enables tracking of necessary actions to address identified risks effectively.
Secure your business with Third-Party Risk Management through risk questionnaireson Connected Risk®. Safeguard your operations by utilizing comprehensive risk assessments and efficient vendor management solutions offered by our platform.
Inventory Management
Develop a comprehensive inventory of all vendors/3rd parties to prioritize necessary actions.
Risk Assessments
Perform Risk Assessments against your vendor inventory to identify problems before they arise.
Vendor Onboarding
Work through our template workflow to onboard new and existing vendors on a continuous basis.
Risk Mitigation
Using reassessment tools and our Issue Remediation engine, ensure that critical issues are dealt with in a timely manner.
Risk Taxonomy
Establish a risk taxonomy that aligns with the inventory of vendors, helping your team stay ahead of the risk curve.
Continuous Monitoring
Don't stop the process of assessing your vendor inventory, risk taxonomy and issue log. Keep these processes flowing with Connected Risk®.
Manage your third- and fourth-party risk with ease.
Talk to a third-party expert.
Fill out the form to the right to be connected to one of our Solutions Experts that can assist you with standing up a proof of concept or even working within your parameters to get a demo started for your group today.
Learn more about our Connected Risk® Third-Party Risk Management solution and how it can manage the entire GRC lifecycle within your organization.
"*" indicates required fields
Learn more about Third-Party RIsk from Empowered Systems®
Enhancing Financial Compliance: The Power of Perpetual KYC and Ongoing Dynamic Risk Rating
In the realm of financial services, staying ahead of regulatory requirements and ensuring effective risk management has always been a top priority. One emerging trend
How to Evaluate Vendor Security Risks: A Comprehensive Guide
In the dynamic and interconnected world of business, organizations often collaborate with numerous vendors to streamline operations and access specialized services. However, this collaboration also
Strengthening Third-Party Risk Management: Emphasizing ESG Policies for a Sustainable Future
In today’s interconnected business landscape, organizations frequently rely on third-party vendors to deliver goods and services critical to their operations. While such collaborations offer numerous
Enhancing Third-Party Visibility: Mitigating Risks and Optimizing Operations
In today’s digital landscape, businesses rely heavily on third-party partnerships to drive their operations and maintain a competitive edge. The digital transformation of recent years,
Expand and integrate your solution with
Operational Risk Management
Quickly identify, capture and manage multiple sources of risk across the enterprise.
Compliance Management
Aggregate and streamline compliance programs and reveal an understanding of your risks.
Audit Management
Simplify the workflow and collaboration process of compiling audits.
"Powerful Platform For Compliance With Dynamic Regulatory Environment"
“The product is a powerful platform for regulated firms in the financial industry to comply with the ever-changing regulatory environment. The software helps my organization navigate rules and regulations, internal processes, and regulatory reporting requirements.”
Senior Associate, Finance Organization with an annual return of $1-3BN
