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Third Party Risk Management
Third Party Risk Management
Empower your team to assess all potential risks from third parties, implement vendor risk mitigation strategies, and cohesively respond to vendor-related issues. Centralize vendor performance data management and gain insights into overall performance, all in one platform.
Trusted by over 1 million workers and leaders worldwide
Establish standardized vendor risk assessments
Assess all potential risks from third parties with a consistent, organization-wide approach. Create uniform risk assessments, evaluating vendors against clearly defined criteria. Streamline vendor onboarding by ensuring all organizations meet your compliance and risk standards from the start. Reduce delays, enhance controls, and protect your business by effectively catching vulnerabilities.
Develop vendor risk mitigation strategies
Design and execute targeted plans to address identified third-party issues. Implement these strategies seamlessly across your organization, ensuring proactive vendor risk reduction. Monitor the effectiveness of your efforts in real time, allowing the organization to adjust internal policies as needed.
Enhance team collaboration during vendor issue response
Respond faster to threats, mitigate risks more effectively, and involve all relevant teams by improving inter-departmental coordination in managing emerging third-party risks. Streamline communication, share real-time data, and ensure all departments work in sync to address issues efficiently.
Integrate compliance checks within vendor management
Protect your organization from legal and operational risks throughout the entire partnership. Automate compliance checks and keep vendors aligned with industry standards and regulatory requirements across multiple jurisdictions. Monitor changing regulations and enforce adherence to applicable laws preventing compliance risks before they escalate.
A versatile third party risk management tool
SafetyCulture is the best solution for third party risk management
Streamline governance, risk, and compliance processes
Standardize, simplify, and automate GRC activities in one platform to ensure compliance and enhance organizational risk management. Efficiently capture field insights with digital checklists, audits, and risk assessments, and use these data to respond to incidents as they happen.
Improve third party operations oversight
Maintain control over third-party activities with ease. Gain complete visibility into vendor operations through seamless integration of multiple platforms. Track vendor performance, monitor risks, and receive real-time alerts when thresholds are breached.
Measure and analyze vendor risk performance
Get data-driven insights using the analytics dashboard to make informed decisions and set performance benchmarks. Analyze multiple risk factors, identify emerging issues, and address risks proactively to strengthen your vendor risk management process.
Get unparalleled support from trusted advisors
Get up and running fast with dedicated onboarding support to meet your unique business needs. Our team of experts will help you navigate complex challenges and enhance operational efficiency with ongoing success support.
Mark Murphy
Chief Risk Officer, Donaldson Group
Explore more resources
Mastering Third Party Risk Management (TPRM): Best Practices for Compliance and Security
By Eunice Arcilla Caburao
Supplier Risk Mitigation: Protecting Business Continuity
By Eunice Arcilla Caburao
Understanding the Importance and Process of Supplier Management
By Patricia Guevara
Supplier Selection: Find and Keep the Right Supplier
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