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RiskRate

Name: RiskRate
Rating: 4.5 (2 reviews)

By NAVEX Global

1290 Interested

Highlights : About RiskRate

Vendor performance rating

Audit management

Third-party onboarding

Operational risk

Risk assessment

Vendor management

Customizable questions

About RiskRate

RiskRate by Navex Global is a third-party risk management and compliance solution that monitors vendor due diligence. The system helps users conduct third-party background checks and offers risk management program with centralized onboarding, third-party monitoring and screening features. RiskRate offers continuous monitoring of third-party risk to ensure that they are screened against the right criteria. Users can make data-driven decisions with the automated system that looks at all third parties against a standard set of data. The solution aligns with FCPA guide and other relevant regulations to identify and mitigate risks.

Specifications

Business Size

Startup

Customization

Yes

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Vendor performance rating

Audit management

Vendor qualification Ttacking

Third-party risk management

Third-party onboarding

Custom forms

Customizable templates

Operational risk

Real time notifications

Risk assessment

Rules-based workflow

Vendor management

Workflow management

Background screening

Collaboration tools

Legal risk

Policy management

Benefits

Real time reporting

Automation ensures always-on reporting, monitoring and record keeping, real-time notifications, auditing, and process efficiencies.

Real-Time Reputation Alerts

Receive real-time reputation alerts when a third party’s risk status changes and pursue additional due diligence when needed.

Customizable questions

Onboard third parties systematically and consistently through proven vetting processes that include customizable questionnaires, bulk updates, shared communications, policy training, attestation and alignment with expectations and rights.

Third-Party Engagements

Use a risk-based approach to score and isolate high risk third-party engagements based on FCPA guidelines and view risk status at-a-glance with color-coded risk ratings within profiles.

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