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Manage vendor IT and operational risks with foresight

Your organization works hard to comply with regulations, defend against cyber threats and practice ethical business – but are your vendors doing the same? See your whole vendor IT and business risk landscape with NAVEX IRM.

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Identify

Identify third-party IT and operational risks

Align

Check vendors align with global regulatory standards

Inform 

Inform decisions with real-time risk analysis

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Get proactive – before your vendor risks become your risks

The benefits of a vendor partnership must outweigh the risks – but to understand whether an ideal vendor now is a future compliance nightmare, you’ve got to be able to see what those potential risks are. 

NAVEX IRM collects, collates and analyzes all your third-party risk data to: 

  • Support holistic risk management and tie together data from varied sources 
  • Drive an approach to vendor risk management that is proactive, not reactive 
  • Automate risk scoring processes, saving time, resources and the risk of human error 
  • Assess vendor policies, processes and data storage meets regulatory requirements 
  • Inform and guide your decisions about the vendors you work with – now and in the future
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Illuminate your third-party IT and business risk landscape

Protect your business from the wide scope of risk from outside your organization, addressing third-party risks before they collide with your ethical priorities. 

Managing vendor IT and business risk is a pervasive issue, but you stand to gain a lot with NAVEX IRM.

  • 83%

    legal and compliance leaders identify third-party risks after due diligence

    31% of those resulted in material impact to the business (source: Gartner)

  • 90%

    enforcement matters between 1978-2023 identified a third-party intermediary

    (source: White & Case Global Compliance Risk Benchmarking Survey)

  • 2x

    satisfaction by leaders performing ongoing third-party risk management

    Double the satisfaction with their ability to remediate third-party risks before they have an impact (source: Gartner)

Face vendor IT and business risks head-on

Complex third-party data sets become structured vendor risk insights with NAVEX IRM.

  • Unravel complex vendor risks

    Get straight to what matters in third-party IT and business operations, making the most complex risk evaluations swift and straightforward. 

    • Centralized overview – Shows all your vendor risk data, all in one place  
    • Custom priorities – Allows you to shape different risk areas to your unique business needs, structure and industry  
    • Spot pitfalls – Allows you to monitor and predict where your biggest vendor risks lie using data intelligence feeds  
    • Benchmark comparisons – Get a wider view on your vendor risk performance using industry benchmarks

Unravel complex vendor risks

Get straight to what matters in third-party IT and business operations, making the most complex risk evaluations swift and straightforward. 

  • Centralized overview – Shows all your vendor risk data, all in one place  
  • Custom priorities – Allows you to shape different risk areas to your unique business needs, structure and industry  
  • Spot pitfalls – Allows you to monitor and predict where your biggest vendor risks lie using data intelligence feeds  
  • Benchmark comparisons – Get a wider view on your vendor risk performance using industry benchmarks

How we support your third party risk management success

Take your third-party risk management to new heights with NAVEX. Our blend of expertise and supportive services transforms your approach, making every partnership a confident step in your strategy.

  • Manage third party risks

    Embarking on your third party risk management journey? We’re right beside you. Together, we’ll dive into your specific needs and chart a path that’s just right for your team – and that doesn’t end with software setup. We’re committed to ensuring you’re comfortable and confident navigating NAVEX One. 

    • Get up and running faster 
    • Empower your people  
    • Maximize your investment

Manage third party risks

Embarking on your third party risk management journey? We’re right beside you. Together, we’ll dive into your specific needs and chart a path that’s just right for your team – and that doesn’t end with software setup. We’re committed to ensuring you’re comfortable and confident navigating NAVEX One. 

  • Get up and running faster 
  • Empower your people  
  • Maximize your investment

Our top resources for advancing your vendor risk management approach

  • Definitive Guide to Third-Party Risk Management 2023

    Definitive Guide to Third-Party Risk Management

    Learn everything you need to know about effectively managing your third party risk-from defining a due diligence process to creating risk-based strategy-in our comprehensive third party risk …

    Learn more

  • The NAVEX IRM Platform

    The NAVEX IRM Platform

    NAVEX IRM, a GRC and integrated risk management solution, equips users and business leaders to manage risk from the endpoint to the enterprise.

    Learn more

  • How to Get Started with IT & Third-Party Risk Management

    Whether just getting started or looking to sharpen IT and Third-Party Risk Management programs to the next level, join us on Wednesday, April 27th. In this webinar, our speakers will dive into key …

    Learn more

Tame your vendor risk data

Avoiding a crisis takes the right tools and the right foresight. Take control of vendor risks and turn them into opportunities for safer, smarter business relationships with NAVEX IRM.

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