Diligent Third-Party Manager Description
Utilize AI-powered monitoring systems to save time by keeping an eye on negative news, watchlist placements, sanctions, and individuals classified as politically exposed. Ensure the security and traceability of third-party data through comprehensive auditing measures. Streamline approval processes with sophisticated workflows to enhance operational efficiencies. Use advanced analytics to monitor and evaluate the status of your anti-bribery and anti-corruption (ABAC) program. Instead of merely reacting to trends, proactively address them to stay ahead. Embrace a risk-based approach that integrates both human insights and AI-facilitated screenings. Gain a holistic view by continuously monitoring how risks develop. Customize assessments and workflows to suit different forms of third-party interactions. Remove redundant processes and consolidate risk scores that may overlook critical details. Business intelligence tools not only deliver actionable insights but also enhance visibility and facilitate ongoing improvements in compliance efforts. This comprehensive strategy ultimately strengthens your organization's resilience against potential risks and ensures a more robust compliance framework.
Diligent Third-Party Manager Alternatives
D&B Risk Analytics
Globally, teams in risk, procurement, and compliance are under pressure to manage geopolitical risks and business risks. Third-party risks are impacted by the complexity of domestic and international businesses, as well as complex and diverse regulations. It is crucial that companies proactively manage third-party relationships. This cutting-edge platform, powered by D&B Data Cloud's 520M+ Global Business Records with 2B+ annual updates for third-party risks, is an AI-powered solution that mitigates and monitors counterparty risk on a continual basis. D&B Risk Analytics uses best-in class risk data, including alerts for high-risk purchases and match points of more than a billion. This helps to drive informed decisions. Intelligent workflows allow for quick and thorough screening. Receive alerts on key business indicators.
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Predict360
Predict360, by 360factors, is a risk and compliance management and intelligence platform that automates workflows and enhances reporting for banks, credit unions, financial services organizations, and insurance companies.
The SaaS platform integrates regulations and obligations, compliance management, risks, controls, KRIs, audits and assessments, policies and procedures, and training in a single cloud-based SaaS platform and delivers robust analytics and insights that empower customers to predict risks and streamline compliance.
Happy with your current GRC but lacking a true analytics and BI tool for intuitive executive and Board reports? Ask about Lumify360 from 360factors - a predictive analytics platform that can work alongside any GRC. Keep your process management workflows intact while providing stakeholders with the timely reports and dashboards they need.
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OneTrust Third-Party Management
OneTrust's Third-Party Management solution revolutionizes the management of your third-party lifecycle through data-driven automation, moving away from a questionnaire-first methodology to a risk-oriented framework by integrating data that enhances the security and efficiency of your third-party ecosystem. This innovative approach automates previously manual processes and customizes assessments to meet the specific requirements of each third-party relationship, thereby significantly boosting the efficiency of evaluations. Users typically see an impressive average reduction of over 70% in both time and costs related to conducting third-party risk assessments, which helps streamline the onboarding process. The platform utilizes top-tier data sources to perpetually monitor the risk profiles of third parties and automatically addresses emerging risks as they arise. By synchronizing workstreams and uniting teams around shared workflows, data objects, inventories, and objectives, it fosters greater consistency and efficiency. Furthermore, the solution enhances internal capabilities by automating essential processes and facilitating centralized oversight of third-party inventories, ensuring a more robust and responsive risk management framework. Ultimately, this level of integration not only strengthens risk management but also supports strategic decision-making across the organization.
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MetricStream
Mitigate losses and minimize risk occurrences through proactive risk visibility. Foster a contemporary and cohesive risk management strategy that leverages real-time, consolidated risk intelligence to assess their influence on business goals and investments. Safeguard your brand’s reputation, reduce compliance costs, and cultivate trust among regulators and board members. Keep abreast of changing regulatory demands by actively managing compliance risks, policies, case evaluations, and control assessments. Promote risk-conscious decision-making and enhance business performance by aligning audits with strategic priorities, organizational goals, and associated risks. Deliver prompt insights on potential risks while bolstering collaboration among different departments. Decrease vulnerability to third-party risks and enhance sourcing choices. Avert incidents related to third-party risks through continuous monitoring of compliance and performance. Streamline and simplify the entire lifecycle of third-party risk management while ensuring that all stakeholders are informed and engaged throughout the process.
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Company Details
Company:
Diligent
Year Founded:
1998
Headquarters:
United States
Website:
www.diligent.com/products/third-party-manager
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Product Details
Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
Training Videos
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Diligent Third-Party Manager Features and Options
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