Our solution
An all-in-one risk platform, provided by 3rdRisk
Risk management
A single integrated risk register for all internal risk disciplines
Record both internal and external risks. Associate risks with specific third-party entities, internal controls, or locations within your organization. Follow the ISO 31000 best-practice workflow, including risk identification, assessment, treatment, and monitoring. Utilize the interactive risk matrix to conveniently filter various risk categories and assign scores.
Third-party management
All your required information centralised and connected
Create a unified register to manage all your third-party relationships. Document multiple contracts per third-party entity. Categorize your landscape by assigning risk profiles, considering various risk domains like cybersecurity, sustainability, and compliance. Integrate with your procurement system to gather and enhance supplier data.
Compliance management
An complete overview on all your internal and external compliance requirements
Establish a single, integrated registry for both internal and external compliance needs. Utilize it to oversee compliance requirements for security, sustainability, privacy, legal matters, quality assurance, and more. Define the scope and applicability for each compliance requirement and connect them to one or more assessment questionnaires. Monitor compliance in real-time.
Assessment management
Third-party self-assessment activities automated
Merge various third-party assessment initiatives across all your risk and compliance areas. Consolidate questionnaires from diverse risk disciplines into a unified third-party assessment. Suppliers access a secure supplier portal to collaborate and submit evidence. Our AI-powered review module conducts an initial analysis.
Real-time monitoring
Receive immediate notifications regarding your third-parties and follow-up efficiently and effectively
Enable our pre-configured integrations with BitSight, SecurityScorecard, EcoVadis, Refinitiv, and various other platforms to gather security, sustainability, financial, or compliance risk ratings for your third-party entities, conveniently consolidated in one central overview. By this you are able to continuously monitor your third-parties in 2 million news sources and receive instant alerts on negative news articles. Read more.
Action plan management
Assign action plans to third-parties and and internal stakeholder track
Centralize remediation efforts for both internal teams and third-party entities in a unified repository for action plans. Allocate ownership using our platform and Microsoft Teams integration. Establish and modify timelines for each action item, with reminders sent through our platform, email, and Teams to ensure progress remains on schedule. Visual indicators provide status updates, facilitating easy oversight.