Third-party/Vendor Risk Management modules for connected risk®
Vendor Risk Management
Ensure that the use of service providers and IT suppliers does not create a negative impact on business performance.
Why choose Vendor Risk Management?
Ensure that the use of service providers and IT suppliers does not create a negative impact on business performance. Connected Risk manages the exposure to third-party suppliers through identifying, assessing, monitoring and mitigating risks from IT products and service providers. Pro-active notifications of emerging threats from third parties’ negative publicity and defined tolerance thresholds give a meaningful representation of the risk exposure, triggering warnings and tracking resulting actions.
Vendor Risk Management Key Features
- Prioritised vendor inventory
- Vendor onboarding
- Establish risk taxonomy
- Risk assessments of vendors
- Risk mitigation and reassessments
- Continuous risk and performance monitoring of the vendors and associated risks
Connected Risk® Advantage
The EmpoweredAPPS platform is our next-generation zero-code regulatory risk and mitigation data management platform that is delivered with the Connected Risk Advantage.
Agile
Rapid Value™ delivery through Zero-code results in end-user adoption and satisfaction without limiting future configuration refinement. A Zero-code platform for great flexibility which guarantees a future-proof investment.
Integrated
Connecting the enterprise-wide Risk & Control Universe, both at Group and Local level. Maximising the value of current investments in technology and systems.
Smart
A mature GRC solution based on 25+ years of GRC workflow software experience. Future innovation on a Zero-code platform with leading content and technology partner integration.