Dig Deeper Into Your Third-Party Risk
NAVEX can provide a complete view of ALL vendor risks
Benefits of a comprehensive NAVEX third-party risk program
Thanks to RiskRate, you’re performing regulatory and reputational screening & monitoring on your third parties. Add NAVEX’s IRM Out-Of-The-Box solution for a comprehensive risk score that adds IT, Compliance, and Operational risks to see a complete picture.
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See vendor relationships
View integrated relationships between vendors including the processes they support, the technology they provide, and the risks they pose
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Resolve vendor issues
Automate the identification, reporting, and resolution of vendor issues
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View real-time data
Interact with real-time reports and dashboards designed for various user groups
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Set controls
From the data and scores, implement controls that are aligned with provided frameworks to protect the organization
Comprehensive vendor risk scoring
Screening and monitoring the third parties you do business with is an important step in assuring they are compliant with regulations and uphold your organization’s values. The next step in a comprehensive risk management program is to add this information to risk scores from other areas from your vendors to see a comprehensive risk perspective.
- IT risk score - IRM Out of the Box evaluates and monitors vendor security controls against industry standards or those defined by your organization to anticipate and react to disruptive events.
- Compliance impact score - IRM Out of the Box anticipates legal, financial, and material impacts as a result of not complying with regulatory requirements or policies.
- Operational risk score - IRM Out of the Box identifies the significance of the goods and services vendors provide and the impact of disruption to their environment.
- Reputational risk score - RiskRate protects your organization from reputational risks and regulatory enforcement with ongoing screening & monitoring.
Additional resources
NAVEX IRM Out of the Box can be working in weeks instead of months, delivering value faster, and with RiskRate can give you a comprehensive view of your IT and vendor risk. Read these resources to learn more.
