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Average Ratings 0 Ratings
Description
Recognize and handle risks associated with third-party vendors. The Blue Umbrella GRC offers a sophisticated, modular compliance platform that allows for efficient management of various aspects of third-party risk. Purchase only the components you require. This platform is designed to grow alongside your evolving third-party risk management strategy. You can initiate your journey with a single module or assemble a comprehensive package as your needs expand. Simplify your data management by eliminating the need for multiple tools and systems; Blue Umbrella GRC consolidates everything into one place. Begin your experience today—sign up online and start within minutes, enjoying a smooth setup and user-friendly interface. Rely on trusted expertise by leveraging industry-leading third-party risk management questionnaires covering areas such as anti-bribery, data privacy, CCPA, IT security, and more. Each module is designed for automation, enabling you to easily pinpoint risks in your vendor partnerships and implement effective remediation measures. Furthermore, the platform enhances collaboration among teams, ensuring that all stakeholders are aligned in managing third-party risks efficiently.
Description
Third-party risk management (TPRM) provides a systematic framework to evaluate and mitigate the risks that organizations face due to their associations with external entities. These external entities primarily include vendors, customers, joint ventures, counterparties, and fourth parties. Engaging with third parties can introduce considerable enterprise risks, especially as the number of partnerships expands, regulatory scrutiny increases, and the landscape of cyber threats becomes more intricate. As a result, businesses are increasingly allocating resources and focus towards understanding and managing the potential risks associated with these third-party affiliations. While such relationships enhance flexibility and competitiveness in the global market, they also enable organizations to outsource critical functions, allowing them to concentrate on their core strengths. However, the advantages brought by third parties are accompanied by serious risks, including the potential for cyberattacks, disruptions in business continuity, and damage to reputation, all of which can severely impact the overall health of a company. Thus, balancing the benefits and risks of third-party relationships has become essential for effective enterprise risk management.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
$325 per month
Free Trial
Yes
Free Version
No
Pricing Details
$750 per year
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
Blue Umbrella
Founded
2009
Country
Hong Kong
Website
www.blueumbrella.com
Vendor Details
Company Name
Riskpro India
Founded
2011
Country
India
Website
www.riskpro.in
Product Features
Compliance
Archiving & Retention
No
Artificial Intelligence (AI)
No
Audit Management
No
Compliance Tracking
No
Controls Testing
No
Environmental Compliance
No
FDA Compliance
No
HIPAA Compliance
No
ISO Compliance
No
Incident Management
No
OSHA Compliance
No
Risk Management
Yes
Sarbanes-Oxley Compliance
No
Surveys & Feedback
Yes
Version Control
No
Workflow / Process Automation
Yes
GRC
Auditing
No
Disaster Recovery
No
Environmental Compliance
No
IT Risk Management
Yes
Incident Management
No
Internal Controls Management
No
Operational Risk Management
Yes
Policy Management
Yes
Product Features
GRC
Auditing
No
Disaster Recovery
No
Environmental Compliance
Yes
IT Risk Management
Yes
Incident Management
Yes
Internal Controls Management
Yes
Operational Risk Management
Yes
Policy Management
No
Risk Management
Alerts/Notifications
Yes
Auditing
Yes
Business Process Control
No
Compliance Management
Yes
Corrective Actions (CAPA)
Yes
Dashboard
Yes
Exceptions Management
Yes
IT Risk Management
Yes
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
Yes
Predictive Analytics
No
Reputation Risk Management
Yes
Response Management
Yes
Risk Assessment
Yes
Vendor Management
Audit Management
Yes
Contact Management
No
Customer Database
No
Self Service Portal
No
Supplier Master Data
No
Transaction History
No
Vendor Maintained Profiles
No
Vendor Managed Inventory
No
Vendor Performance Rating
No
Vendor Qualification Tracking
No