The Challenge
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.
The Solution
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.
American Express
Key Benefits
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.
Allows tasks to be delegated among staff, resulting in increased awareness and productivity.
Reports can be generated automatically to track the standing of internal security.
Additional Benefits
Designed to work with all regulations and standards in all industries.
Comprehensive high-level audit criteria to ensure regulations and policies are being met.
Compliance analysis that determines risk score and identifies areas of high risk for further investigation.
Upload your unique policies and assess compliance across your enterprise
Real-time risk profiles and scores that update as changes occur.
Product Overview
A Vendor Security Risk Assessment Platform
VendorWatch is a security risk assessment and management platform that can be utilized for identifying security gaps and risks with vendors and addressing them. Reduce exposure to liability, manage third-party risk, and monitor and rank vendors. Keep track of a vendor’s compliance efforts to ensure expectations are being met. Archive contracts, manage compliance evaluations, manage contract reviews, and rate vendors objectively.
An Intelligent Physical Security Risk Assessment Platform
SecureWatch is a state of the art security and risk assessment platform that can be utilized for facility compliance and security risk assessments. Reduce exposure to liability, manage risk, monitor and maintain security, and track continuous improvement.
An Information Security Risk Management Platform
CyberWatch is a modern assessment solution that can be utilized by various industries for cyber security and compliance risk assessments. The software enables you to reduce exposure to liability, manage risk, monitor and maintain cyber security, and track continuous improvement.
A Compliance Assessment and Management Platform
ComplianceWatch is a compliance audit and management platform that can be utilized by various industries for measuring compliance to any regulation, standard, or policy. Reduce exposure to liability, maintain public credibility, ensure adherence to best practices, track policy compliance, and track continuous improvement.
A Supplier Security Risk Assessment Platform
SupplierWatch is a security risk assessment and management platform that can be utilized to reduce exposure to liability, manage third-party risk, monitor and manage your supply chain, ensure high business continuity, and track continuous improvement. Use it to identify, eliminate, and prevent problems in your suppliers processes, management, or products.
Reduce exposure to liability. Manage risk. Monitor and maintain security.
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