Solution
Business services
Our third-party risk, internal control, and compliance management solutions are designed to address the specific challenges of the business services sector, ensuring effective risk management, regulatory compliance, and operational efficiency.
3 most common challenges and our solutions
Data security and privacy compliance
Business services firms face intense scrutiny over data security and privacy compliance. Falling short in these areas can lead to legal issues and loss of client trust.
Internal Control module
The 3rdRisk Internal Control module provides robust tools for managing data security and privacy compliance, ensuring adherence to regulations and maintaining client confidence.
Managing supplier risks and compliance
Ensuring supplier compliance and performance is critical in business services, where vendor issues can impact service continuity, quality and client satisfaction.
TPRM module
The 3rdRisk TPRM module aids in effectively managing supplier compliance and performance, ensuring high service quality, limited downtime from disruptions, and enhanced client satisfaction. Easily use your own questionnaires or use our best practices to kickstart your third-party risk management initiatives.
Navigating complex regulatory landscapes
Navigating complex regulatory landscapes, especially across different countries, poses a significant challenge, risking non-compliance and operational disruptions.
Internal Control module
The 3rdRisk Internal Control module offers comprehensive tools to manage and monitor regulatory compliance across different jurisdictions, simplifying compliance processes and ensuring smooth operational continuity.
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.
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.
