Average Ratings 0 Ratings
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
Status offers an elegant and precise approach to risk management, bringing order and logic to the ever-changing landscape of third-party compliance. It centralizes diverse data and processes, automates procedures through tailored workflows, and ensures continuous monitoring between due diligence assessments. The Status software constructs a well-organized framework complemented by ongoing feedback loops, designed to adapt fluidly to the needs of your compliance department rather than the other way around. Welcome to the forefront of compliance technology, where automation and efficiency take center stage. As the premier platform for managing third-party risk, Status has been developed by compliance experts to streamline all aspects of due diligence, including onboarding, managing, monitoring, and auditing. Our platform supports a range of enterprise technology systems through both our proprietary API library and custom integrations, having successfully implemented tailored API solutions for notable platforms such as Aravo, Oracle, SAP, HubSpot, Pipedrive, ServiceNow, Microsoft Dynamics, and various REST APIs. With Status, organizations can not only enhance their compliance efforts but also adapt swiftly to new challenges in the risk management landscape.
API Access
Has API
No
API Access
Has API
Yes
Integrations
Aravo
No
HubSpot CRM
No
HubSpot Customer Platform
No
Microsoft Dynamics 365
No
Oracle CRM On Demand
No
Pipedrive
No
SAP CRM
No
ServiceNow
No
Integrations
Aravo
Yes
HubSpot CRM
Yes
HubSpot Customer Platform
Yes
Microsoft Dynamics 365
Yes
Oracle CRM On Demand
Yes
Pipedrive
Yes
SAP CRM
Yes
ServiceNow
Yes
Pricing Details
$750 per year
Free Trial
Yes
Free Version
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
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
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
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Riskpro India
Founded
2011
Country
India
Website
www.riskpro.in
Vendor Details
Company Name
Blue Umbrella
Founded
2009
Country
Hong Kong
Website
www.blueumbrella.com
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
Product Features
Risk Management
Alerts/Notifications
No
Auditing
No
Business Process Control
No
Compliance Management
No
Corrective Actions (CAPA)
No
Dashboard
No
Exceptions Management
No
IT Risk Management
No
Internal Controls Management
No
Legal Risk Management
No
Mobile Access
No
Operational Risk Management
No
Predictive Analytics
No
Reputation Risk Management
No
Response Management
No
Risk Assessment
No