Improve Your Third-Party Onboarding Process
Streamline third-party onboarding to uncover risks and get into business faster.
Why proper third-party onboarding matters
When choosing to engage with third parties to execute critical business needs, it’s important to make your first step properly screening them for risks they may present.
Establishing the appropriate steps to quickly onboard third parties so you can begin doing business faster – while collecting the necessary information to protect your organization – should be at the forefront of any third-party risk program.
Improve third-party onboarding with a consistent approach
With the NAVEX One GRCIS, third-party screening and monitoring solution, onboarding new third parties can be simple, consistent and easily managed in one location. This offers a familiar approach for administrators and an easy process for third parties.
Self-managed third-party experience
NAVEX One GRCIS allows your third parties to self-onboard in an automated and secure workflow.
1
Receive link
Vendor receives request for business information
2
Fill out information
Your prospective third party answers and provides documentation as required
3
Submit information
Submits completed assessment for review
4
Provide clarification
Sends documents or answers follow-up questions
5
Receive approval
Notified of approval of completed assessment
6
Access to policies
Receives access to relevant policies and hotline
Real-time results
When assigned onboarding assessments are completed, new third parties move to the review and approval stage. Here, their data is run against risk attributes you’ve already identified, scored and weighted. Based on the results, third parties are sent through the appropriate approval workflows.
Consistent program administrator processes
NAVEX One enables new and existing vendors to self-manage their profile and enter answers on an as-needed basis. You can then communicate directly through RiskRate to provide feedback or request changes.
1
Create assessment
From a custom form or template
2
Send link to assessment
Assessment determined by third-party type
3
Review submissions
Monitor answers and request clarification
4
Advance vendor
From assessment, third party moves to initial screening
5
Initial screening
Approved vendor is screened and set up for ongoing monitoring
6
Share policies and training
Extend access to hotline, relevant policies and trainings to third parties
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RiskRate Screening & Monitoring
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Simplify Your Third Party’s Experience During the Onboarding Process
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