NAVEX’s Integrated Risk Management Solution “Just Got Easier”
Stand up your TPRM program quickly and simply with NAVEX IRM’s “Out of the Box” solution
Speedy implementation
Stand up your program in weeks instead of months
Faster time to value
Deliver value faster than other solutions
Confident management
Confidently manage your IT and vendor risk
Turn integrated vendor risk management into instant vendor risk management
Introducing NAVEX IRM Out of the Box, our latest IRM solution that gets you up and running in weeks instead of months. Say goodbye to cumbersome spreadsheets. Say hello to IRM Out of the Box.
Benefits of IRM’s “Out of the Box” Solution
Leveraging NAVEX RiskRate, you’ve been successful performing regulatory and reputational screening & monitoring on your third parties.
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Comprehensive third-party risk management
Efficiently uncover, assess, address, and monitor third-party risk. Better evaluate your vendors’ performance and protect the organization.
- Manage full risk management lifecycle for your vendors (Identify, Assess, Prioritize, Respond, Monitor and Improve)
- Centralize, categorize, and prioritize third party relationships
- Enable business owners to request products/services from new and existing vendors
- Conduct risk assessments leveraging popular frameworks or create your own
- Reduce time to complete due diligence through our Vendor Portal
- View the integrated relationships between vendors, the processes they support, technology they provide, risks they pose, and controls you implement to protect the organization
- Automate the identification, reporting and resolution of vendor issues
- Interact with real-time reports and dashboards designed for various user groups
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Comprehensive IT risk management
Add NAVEX IRM Out of the Box for a comprehensive risk score that adds IT, Compliance, and Operational risks posed by third parties.
- Manage the full risk management lifecycle (Identify, Assess, Respond, Monitor and Report/Improve) for IT Assets, with workflows for each user group
- Centralize, categorize, and prioritize IT Assets
- Link IT assets to business process/services to fully understand interdependencies
- Leverage efficient workflow process to manage the full control assessment lifecycle
- Link your risks records to control frameworks to assess alignment gaps with either general frameworks or vertical-specific standards
- View the integrated relationships between people, business processes, and technology assets and the associated risk and controls from one single record
- Automate the identification, reporting and resolution of issues that arise from risks
- View and interact with reports and dashboard with real-time data for each user group
Additional resources
NAVEX’s latest integrated risk management offering, IRM Out of the Box, is a solution designed to help you simplify your risk management processes and procedures. Stand up your program in weeks instead of months, deliver value faster than other solutions, and confidently manage your IT and vendor risk. Explore these resources to learn more.
