Third Party-Risk Management for faster compliance and lower risk

1. Smart supplier search

Find the right suppliers faster using specific criteria and an AI-powered tool that helps you identify the ideal partner.

2. Preliminary risk check

Access financial, reputational, compliance, security and ESG indicators, plus AI-generated questionnaire responses, to evaluate risk before any engagement begins.

3. Document collection

Invite suppliers to actively participate in the risk assessment process by submitting ISO certifications, procedures and other required documentation.

4. Compliance verification

Let AI analyze the submitted information and detect any non-compliance with your requirements, enabling faster and more targeted checks.

5. Tailored questionnaires

Drill down into flagged issues with custom questions, gather deeper insights and review the supplier’s responses in detail.

6. Review & mitigation plans

Address non-compliant answers by working with the supplier to define a remediation plan with clear actions and deadlines to ensure risk mitigation.

7. Final risk evaluation

Assign a final risk score based on all collected and assessed data, taking into account the impact the service has on your business.

8. Continuous monitoring & dashboard

Track real-time changes in risk indicators, view assessment history and monitor each supplier’s risk impact and this all from a single, intuitive dashboard.