Third Party Risk & Compliance

RiskVision is the industry’s first risk intelligence solution designed to address the growing enterprise requirement for an integrated, automated 360° approach to Third Party Risk Management (TPRM).

The highly decorated RiskVision platform offers design and engineering innovations that deliver industry-best usability, scale, automation and time to deployment advantages – at a fraction of the cost of traditional solutions. RiskVision’s TPRM solution delivers innovation in every step of TPRM, including risk-based classification, due diligence and screening, risk assessments and scoring, contracting and onboarding, risk oversight and control, ongoing monitoring, and renewal / termination. The RiskVision platform scales to over 300,000 services managed and supports access by 10,000+ practitioners while exclusively identifying, managing and tracking risks in many-to-many relationships, including services, contracts, and third parties. Other efficiencies include dynamically updated business hierarchies, configurable workflow, advanced risk analytics / KPIs and an independently-certified secure vendor portal.

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 Proven Results with World Class Clients

“With RiskVision third party risk automation for 100s of thousands of suppliers and over 10,000 employee users, we reduced processing approval to onboard new vendors by 60%, from 163 days to 65 days.” – RiskVision Client

  • Up to 75% time savings for internal and external response coordination and service enablement
  • 5 to 10x increase in number of suppliers that are risk-reviewed each year
  • 10s of millions of dollars reduced in pending fines from regulatory audit findings resolved before the deadlines
  • Up to 30% reduction in anticipated regulatory-driven Third Party Risk Management staffing
  • Minimized organizational exposure to security breach risk from third party’s access and data

 Innovation in Third Party Risk Management Workflow and Monitoring

RiskVision’s TPRM solution offers an integrated and extensible data schema, allowing for a third party risk modeling design centered on a broad range of goods and services types, contracts or organizations, using full many-to-many relationship correlation. This enables clients to use RiskVision to analyze risk from many vantage points, including organizational entity, legal entity and geography views. RiskVision has deep third party ecosystem integration with a broad range of contract, payment, HR, legal and other systems, market news services, screening services, security benchmarking providers, threat intelligence feeds and more. RiskVision also provides contract management capabilities for specific risk-based attributes.

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 Advanced Third Party Scoring and Analytics

RiskVison offers innovative analytical insight into every phase of Third Party Risk Management. RiskVision exclusively identifies, manages and tracks risks in many-to-many relationships, including services, contracts, and third parties. Other correlations include dynamic business hierarchies and configurable workflow. This unique combination enables advanced analytics for third party risks, such as functional risk trending, vendor concentration, contractual SLA performance and more.

Risk Assessment Scoring

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 Risk Metrics and Reporting

RiskVision’s innovative risk scoring algorithms quantify and prioritize third party based on multi-attribute weightings for business priorities, security benchmarks, threat intelligence and vulnerability impacts. RiskVision enables real-time visualization and normalization of risks in business context, including organizational hierarchy views across lines of businesses and third parties.

Vendor Risk Management

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 Related Information

RiskVision Corporate Brochure

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TPRM Solution Brief

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Blue Hill Report

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