Solution
Automotive
Our third-party risk, internal control, and compliance management solutions are designed to address the specific challenges of the automotive sector, ensuring effective risk management, regulatory compliance, and operational efficiency.
3 most common challenges and our solutions
Supply chain disruptions
Automotive companies often face disruptions in their global supply chains, affecting production and delivery timelines.
TPRM module
The 3rdRisk TPRM module helps manage and mitigate supply chain risks, providing tools to monitor suppliers and anticipate disruptions for timely response.
Intellectual property protection
Protecting intellectual property in a competitive and technology-driven industry is crucial for automotive companies.
Internal Control module
The 3rdRisk Internal Control module includes features to safeguard intellectual property, managing and protecting it from unauthorised use or infringement. It offers intuitive workflows for managing IP risks and associated controls.
Environmental sustainability practices
Implementing and maintaining sustainable environmental practices is vital in the face of increasing environmental regulations.
TPRM/Compliance module
Our TPRM and Compliance modules jointly support the implementation and monitoring of sustainable practices, ensuring compliance with environmental regulations.
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?
Starting with third-party risk management (3): How to create your catalogue?
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.
Are industry standards like ISO frameworks and NIST standards available in 3rdRisk?
Absolutely. Our Content Hub includes a wide range of industry standards, including ISO frameworks and NIST standards. This provides you with ready access to authoritative compliance resources, streamlining your compliance management process.
Can I integrate my own compliance framework into 3rdRisk?
Yes, you can. 3rdRisk allows you to integrate your existing compliance framework into our platform. This flexibility ensures that you can maintain continuity with your current processes while leveraging our advanced compliance management tools. We also have a Content Hub with prefilled best practice frameworks and questionnaires.
What tools does 3rdRisk offer for risk management in sustainability initiatives?
Our platform includes a dedicated risk management module for sustainability initiatives. It offers tools for identifying, assessing, and mitigating risks, ensuring a proactive approach to sustainable business practices and aiding in maintaining CSRD compliance.
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.
Does 3rdRisk integrate with procurement systems?
Yes, our platform has (API) integrations with the most commonly used procurement system, like SAP ARIBA, Coupa or Oracle.
