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Part of the NAVEX IRM Solution

Third-Party Risk Management

See a Complete Picture of Third-Party Risk

Third parties are integral to business operations. As your outsourcing needs grow, so does your risk. The NAVEX IRM Third-Party Risk Management solution, places your suppliers’ and vendors’ risk in the context of your business to enable you to better evaluate their performance.

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NAVEX One® Platform

A Leader in the ITVRM Gartner® Magic Quadrant™

Uncover and Classify Third-Party Risk
  • Collect risk information including operational, information security, financial, and compliance-related risks
  • Create dynamic assessments using prebuilt questions based on standards and regulations to obtain relevant vendor information
  • Automatically generate a score to determine the risk profile of a third party across different risk categories

Link Third Parties To Policies, Risks, and Controls
  • Provide documentation and context for your organization and your vendors
  • Ensure third parties take proper security measures and meet your expectations when outsourcing work or handling your data

Get Real-Time Third Party Performance Insight
  • Monitor and gain insights into how third parties operate, how they secure your data, and confirms compliance throughout the relationship to reduce risk of breaches
  • Reference relationship history for performance review and management
  • Leverage intelligence feeds from content providers for continuous monitoring

Professional Services

Every company has challenges when it comes to managing risks. With the services we offer, our goal is to ensure that NAVEX IRM best equips you to meet those challenges. We offer:

  • Quick Start – Many customers are able to implement NAVEX IRM within 90 days.
  • Training and Education – Our education curriculum provides a strong foundation for the core elements of the NAVEX IRM Solution, as well as out-of-the box solutions and general GRC concepts.
  • Custom Engagements – Sometimes customers need extra help in designing a solution, configuring a process, or even documenting a workflow.

Manage your company’s third-party risk like a team twice your size.

 

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Learn more about Third-Party Risk Management

riskrate-develop-a-risk-based-approach-use-case.pdf

Develop a Risk-Based Approach To Third-Party Risk Management

Use a risk-based approach for effective prioritization and mitigation.

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