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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.

Description

Navigating complex business strategies shouldn't mean leaving your projects exposed to unpredictable threats. When your teams lack clear visibility, mitigating potential issues becomes a constant struggle. We partner with you to transform how your organization identifies and handles vulnerabilities. Rocket® CorRisk™ is a rapid-deployment enterprise risk management solution designed to proactively safeguard your most critical initiatives. By automating essential workflows, we help you replace reactive firefighting with confident, strategic planning. - Monitor threats effortlessly: Automate essential workflows and instantly alert stakeholders to potential risks before they impact your business. - Collaborate securely: Share vital commentary on key risk indicators (KRIs), risk scenarios, and controls across your entire organization. - Build institutional knowledge: Seamlessly record decisions, actions, and plans to strengthen your long-term risk strategy. Empower your teams to navigate the future with confidence. Discover how we can streamline your risk management today.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

$750 per year
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Riskpro India

Founded

2011

Country

India

Website

www.riskpro.in

Vendor Details

Company Name

Rocket Software

Country

United States

Website

www.rocketsoftware.com/products/rocket-corvu/rocket-corrisk

Product Features

GRC

Auditing
Disaster Recovery
Environmental Compliance
IT Risk Management
Incident Management
Internal Controls Management
Operational Risk Management
Policy Management

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Product Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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