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Average Ratings 0 Ratings
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
Streamline the management and automation of risks, controls, identities, cyber threats, and international trade within your organization by utilizing embedded analytics and artificial intelligence. Integrate enterprise risk and control processes into a unified technology platform that employs continuous monitoring to facilitate agile decision-making. Enhance your security posture in a world where digital threats are on the rise by adopting services and solutions made possible through a strategic alliance between SAP and EY. Discover ways to align Governance, Risk, and Compliance (GRC) resources with your organizational goals by examining the successful audit and GRC transformation of OYAK Mining Metallurgy Group. Develop a compelling business case to enhance your GRC framework by assessing the potential benefits of technologies designed for automating risk assessments, fraud detection, and audit management. Gain comprehensive insights into how various risk factors can influence your company's value and reputation, enabling you to make informed and risk-conscious decisions with our enterprise risk management (ERM) software. Moreover, by understanding these dynamics, organizations can proactively mitigate risks and harness opportunities for growth.
API Access
Has API
API Access
Has API
Integrations
CognitiveScale Cortex AI
SAP Joule
SAP Store
SCH Supplier
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
SAP
Founded
1972
Country
Germany
Website
www.sap.com/products/erp-financial-management/grc.html
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
GRC
Auditing
Disaster Recovery
Environmental Compliance
IT Risk Management
Incident Management
Internal Controls Management
Operational Risk Management
Policy Management