The 3rdRisk TPRM module keeps a real-time watch over your third-party landscape, ensuring you’re always in the know and meet the third-party due diligence requirements from the German Supply Chain Act. Should any human rights or environmental concern or issue arise with any of your third parties, the platform promptly alerts you, empowering you to take timely and informed actions. Beyond that, smart automation is used to engage and unburden internal stakeholders and third parties with third-party risk management activities. It streamlines the third-party due diligence process by automating tasks like dispatching and analysing self-assessments.
Our Internal Control module fosters a culture of accountability and awareness by providing an intuitive and collaborative environment where teams can easily perform internal control and risk management activities. It encourages teams to actively participate in the risk management process by leveraging gamification elements and using modern communication channels such as Microsoft Teams and Slack.
For businesses seeking operational assistance in third-party risk management, particularly for LkSG compliance, we've partnered with leading experts in the field. These partners possess in-depth knowledge of the LkSG and are adept at utilising our platform's specialised module for third-party risk management to ensure full compliance with this regulation