Compliance management

3 challenges

Compliance management

The 3rd Risk cloud-based risk platform is designed to support risk and compliance professionals with compliance management.

01. Multiple jurisdictions

International organizations encounter the daunting challenge of navigating and
adhering to numerous regulatory requirements across diverse jurisdictions. This
complexity is further compounded by the frequent revisions to laws and regulations,
necessitating ongoing monitoring and adaptation to ensure compliance.

02. No real time insight

Obtaining real-time visibility into an organization's compliance status throughout
its operations presents a significant challenge. This involves assessing the extent
to which policies and procedures are being followed in practice and identifying
instances of non-compliance before they escalate into more serious problems.

03. No integration

Incorporating compliance mandates into the daily activities of various business units
can prove to be quite a daunting task. It's imperative to move beyond merely ticking
boxes and instead integrate compliance seamlessly into the operational frameworks
of departments like HR, finance, IT, and others. Achieving this demands strategic
cohesion and adaptability in operations.

Our solution

An all-in-one risk platform, provided by 3rdRisk

Requirement management

Record the requirements from all relevant risk domains

Our multidisciplinary requirement register centralises compliance obligations across various domains, ensuring comprehensive oversight. This unified repository facilitates the aggregation, categorisation, and tracking of compliance requirements, enabling you to maintain a holistic view of your compliance landscape. Streamlined access to all compliance data supports informed decision-making and enhances regulatory adherence.

Link requirements

Set a specific scope and applicability per compliance requirement

Customise your compliance efforts with our feature that links requirements directly to your organisation's structure. This alignment ensures that compliance activities are perfectly integrated with the operational hierarchy, enabling targeted management of obligations at every level of your organisation. It simplifies the assignment of responsibilities and improves the coordination of compliance tasks across departments.

Real-time dashboard

Obtain a clear insight into your compliance level and progress

Obtain instant visibility into your compliance status and progress with our real-time dashboard. This feature provides a dynamic overview of third-party and internal control assessments, highlighting areas of non-compliance and tracking improvements over time. With this powerful tool, you can monitor the level of compliance across your organisation, identify trends, and make data-driven decisions to enhance your compliance posture.

Screening and due diligence

Centralise all information about UBOs, sanctions and adverse media

Enhance your compliance and risk management processes with our seamless screening and due diligence capability. Directly from our platform, you can request a screening or comprehensive due diligence report from one of the many data providers. If you already have a preferred screening or due diligence provider, our platform facilitates effortless connection to their services. This integration is designed to streamline your workflows.

Content hub

Industry standard content and templates curated by our partners

Explore a wealth of knowledge via our content hub, providing best-practice resources, including compliance frameworks and third-party self-assessment questionnaires, covering all types of risk areas. Curated by our partners, this free-to-use knowledge base is designed to equip you with the necessary toolset to kickstart your risk and compliance initiatives.

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Client Cases

Learn how client uses 3rdRisk to add value in their organisation.

More Insights, less work: Learn how De Bijenkorf. Efficiently manages supplier risk with 3rdRisk.

Retrieve more info on client studies on Managed Third Party Risk Management (TPRM) for the financial sector

Get Insight how 3rdRisk drives full adoption of risk management and internal control within Hema

3rdRisk makes risk management and internal control for Jumbo simpler, more efficient, and fun

Efficiently mitigating supply risk within just 8 weeks by Schoeller Allibert.

Deloitte is using 3rdRisk to help its clients making their supply chain more secure & sustainable

Your return on investment

Thanks to automation, AI and smart workflows, 3rdRisk users save an average of 140 hours per 10 third-party assessments compared to traditional spreadsheet approaches. This quickly translates to a savings of 7 FTEs when more than 1000 assessments are sent out.

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Design & Configure assessments

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Response performance

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Review & assess assessment

Best-practices

In the Content Hub, we have best-practice content available for every industry and risk discipline, from sustainability and cybersecurity to continuity.