Solution
Agriculture
Our third-party risk, internal control, and compliance management solutions are designed to address the specific challenges of the agriculture sector, ensuring effective risk management, regulatory compliance, and operational efficiency.
3 most common challenges and our solutions
Compliance with environmental standards
Agriculture businesses face significant challenges in adhering to environmental and safety regulations. Non-compliance risks legal issues and reputational damage, necessitating strict adherence to these critical standards.
Internal Control module
The 3rdRisk Internal Control module facilitates comprehensive management of environmental and safety compliance, providing detailed reporting and monitoring tools to ensure adherence to regulatory standards, safeguarding both reputation and legal standing.
Adherence to sanction regulations
In agriculture, ensuring third-party compliance with sanction regulations is crucial. Missteps can result in serious legal consequences and harm the company's reputation.
TPRM module
The 3rdRisk TPRM module is equipped with robust sanction screening capabilities and compliance checks. This feature enables agricultural businesses to automatically screen their third parties against global sanction lists, ensuring compliance with international regulations and mitigating the risk of legal repercussions and reputational damage.
Supply chain stability and reliability
Agricultural businesses often strugglewith supply chain uncertainties due to factors like weather variability, market fluctuations, and geopolitical issues, impacting their stability and reliability.
TPRM module
The 3rdRisk TPRM module offers sophisticated monitoring tools to track these uncertainties and adaptive strategies to manage supply chain risks effectively, ensuring stability and reliability in the agricultural sector’s unique environment.
German Supply Chain Act: Key takeaways for compliance
Starting with third-party risk management (1): How to set up your capability?
Starting with third-party risk management (2): How to define your requirements?
FAQ
In the overview below, we have listed the most frequently asked questions and answers. Do you still have questions? Just reach out to one of our experts.
Can I effectively manage third-party risks with 3rdRisk without having a dedicated team?
Yes. By using the TPRM module of the 3rdRisk platform, you can already assess and monitor up to 100 third parties with only a few hours a week. In addition, you can also decide to outsource third-party risk management or internal control activities. For organisations that are inclined to outsource these tasks, we have established partnerships with renowned partners who are well-versed in leveraging our platform’s capabilities allowing them to deliver excellent quality at a competitive price.
Do I need training to operate the 3rdRisk platform?
No. No training or certification is required to operate the 3rdRisk platform. For organisations that choose to manage their internal control or third-party risk management program in-house, our platform acts as an intuitive platform, streamlining processes and making follow-up and monitoring straightforward. Its design ensures that teams can quickly familiarise themselves with its features, reducing the learning curve and allowing for immediate implementation.
