Performing regular audits on third parties is essential since their business practices directly impact your own. Third party management effectively lets you identify, eliminate and prevent problems in a third party’s processes, management, or products, as well as preventing fraud or breaches. Ensure you reduce costs from violations by preventing them. Challenges include underperformance, unreliable service delivery, inadequate security, or failure to meet contractual obligations; working with a third party can be risky so it is critical to perform periodic audits on your third parties to ensure that everything is operating as it should.
VendorWatch, our third party management solution, is primarily used as a risk and compliance assessment platform for professionals. VendorWatch allows your organization to asses third party facilities and their compliance without the need to hire additional staff. Rest assured, all of your business operations will run smoothly and effectively when using VendorWatch to manage your third parties.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
Collect practical data with intuitive assessments.
Recommendations can be automatically offered to identify and mitigate gaps and vulnerabilities.
Manage your audit responsibilities and track the progress of your projects with task delegation and automatic reminders.
Comprehensive high-level audit criteria to ensure regulations and policies are being met.
Reports can be generated automatically to track the standing of internal security.
Designed to work with all regulations and standards in all industries.
Compliance analysis that determines risk score and identifies areas of high risk for further investigation.
Allows tasks to be delegated among staff, resulting in increased awareness and productivity.
Upload your unique policies and assess compliance across your enterprise
Real-time risk profiles and scores that update as changes occur.
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