rt360 Third Party Risk Management (TPRM)
Identify, assess, and manage the risks associated with third parties effectively
A holistic and integrated strategy for third party risk management
Organizations today face significant challenges in managing risks associated with third parties such as vendors and contractors. The complexities of modern business transactions and the interdependencies on external entities expose organizations to various risks including fraud, vendor concentration, and cyberattacks. These can lead to data theft, and disruption of IT and business processes.
The rt360 GRC Third Party Risk Management system is designed to help organizations identify, assess, and manage the risks associated with their third parties. It enables continuous monitoring and mitigation of potential third-party risks, thereby ensuring a robust defense against disruptions while enhancing the integrity of business operations and safeguarding data.
Key Features
Risk identification
Risk identification
Risk assessment and evaluation
Risk assessment and evaluation
Alerts and notifications
Alerts and notifications
Collaboration and workflow Integration
Collaboration and workflow Integration
Insightful reports and dashboards
Insightful reports and dashboards
User management and auditability
User management and auditability
Define and monitor
Define and monitor
Internal and external assessments
Internal and external assessments
Audit and incident reporting capabilities
Audit and incident reporting capabilities
Key Functionalities
ESG framework assessment
ESG framework assessment
Auto-creation of standardized ESG reports
Mapping of frameworks to various attributes
ESG risk assessments
ESG risk assessments
Perform risk assessments, record ratings, plan, and respond
Analyze and mitigate risks
ESG disclosures
ESG disclosures
Identify current state
Plan for the target state
ESG metrics monitoring and reporting
ESG metrics monitoring and reporting
Define parameters to manage key ESG metrics
Monitor, report, and measure performance
ESG analytics and dashboards
ESG analytics and dashboards
Real-time insights on various ESG metrics
User customizable reports and dashboards
Integrated ESG management
Integrated ESG management
Link ERM risk register with ESG risk registers
Integrate with in-house and third-party systems
Key Functionalities
Vendor data management
Vendor data management
Vendor assessments
Vendor assessments
Vendor risk rating
Vendor risk rating
Vendor risk mitigation
Vendor risk mitigation
Benefits
Integrated approach
Centralized view
Increased accountability
Scalability
Reduction in cycle time
Continuous improvement
Value Proposition
Business first, technology next approach
Business first, technology next approach
Industry-specific risk registers, controls
Industry-specific risk registers, controls
Compliant to global GRC frameworks
Compliant to global GRC frameworks
Flexible commercials and deployment models
Flexible commercials and deployment models
Business first, technology next approach
Business first, technology next approach
Industry-specific risk registers, controls
Industry-specific risk registers, controls
Compliant to global GRC frameworks
Compliant to global GRC frameworks
Flexible commercials and deployment models
Flexible commercials and deployment models
Products
rt360 Governance, Risk & Compliance Suite
rt360 Enterprise Risk Management
rt360 Audit Management
rt360 Compliance Management
rt360 Policy Management
Streamline and automate your policy management lifecycle with a comprehensive automated system for policy management
rt360 Incident Management
rt360 Third Party Risk Management
rt360 IT Risk Management
Brochures
rt360 Governance, Risk & Compliance Suite
Accelerate the process of identifying enterprise risks, and monitor and automate controls to gain a holistic and integrated view of governance and compliance.
Download Nowrt360 Enterprise Risk Management
Identify, assess, mitigate, and monitor enterprise risks effectively with advanced risk modeling, analytical and reporting capabilities, in compliance with Basel-II and Basel-III guidelines.
Download Nowrt360 Audit Management
Put your organization on the fast track to audit compliance. Automate, streamline and align your organizational objectives with your overarching audit program.
Download Nowrt360 Compliance Management
Simplify and automate organization-wide compliance processes while constantly monitoring adherence to regulatory and policy requirements through a single pane of glass.
Download Nowrt360 Policy Management
Streamline and automate your policy management lifecycle to sharpen focus on your business objectives.
Download Nowrt360 Incident Management
Streamline organization-wide incident management to identify, record and resolve incidents with business-impact.
Download Nowrt360 Third Party Risk Management
Identify and manage the risks associated with third parties through a holistic, integrated strategy, reduce business interruptions, and effectively mitigate vendor risks
Download Nowrt360 IT Risk Management
Foster a culture of compliance and standardization across your IT operations lifecycle.
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