RegTechONE (Vendor Module) 3rd Party Risk Management
Overview
High-level features of our Vendor Module built on the same RegTech One Platform:
- Regulatory Compliance
- Operational Risk
- Information Security
- Policy Violations
- IT Controls Risks
- Compliance Violations
- Data Privacy
- Vendor Performance
The Challenge
Enterprises of all sizes must comply with the ever-changing regulatory requirements because of federal mandates. Third Party oversight continues to be one of the most challenging to manage in a way that does not impede your business, keeps you in compliance with federal mandates, and effectively protects your business value. Regulators expect you to manage your 3rd Party entities, perform regular risk and compliance assessments, and effectively remediate all risks that arise.
The Right Approach
A Vendor Risk Management platform that empowers you with workflow-automation, actionable business-intelligence and risk-management across all lines of business. An application that systematically quantifies critical elements of your 3rd Party relationships so that you can begin to effectively manage critical risks and exposures of your business. As experts in Enterprise Risk & Compliance and combined with our partnerships with leading VRM/GRC technologies, we have successfully delivered programs that enable your organization with a cost-effective approach.
Key Benefits
RegTech ONE consists of our Core Base product PLUS any enhancement requests from our 50+ clients. Vendor Management is all about Workflow design and with most of our competitors, workflow design requires IT programmers to code the workflow logic vs RegTech One where workflow is designed using ZERO-code ‘Drag and Drop’ functionality in UI itself, using ‘Design Mode’. Also, most vendor competitors don’t have Vendor Risk Rating, nor document storage, nor periodic reviews…we do.