Solution
Maritime & offshore
Our third-party risk, internal control, and compliance management solutions are designed to address the specific challenges of the maritime & offshore industry, ensuring effective risk management, regulatory compliance, and operational efficiency.
3 most common challenges and our solutions
Protecting the organisation against third-party and supply chain risk
In an increasingly interconnected world, organisations extend their operations through collaborations with third parties. While these collaborations often lead to enhanced efficiency and competitiveness, they also expose organisations to various risks such as data breaches, supply chain disruptions, sustainability violations, legal liabilities and reputation damage. Managing and mitigating these risks is a daunting task, as it requires continuous insight into the entire third-party landscape and capabilities for due diligence and real-time monitoring.
TPRM module
Our intuitive, multidisciplinary platform allows you to manage and mitigate all types of third party risks, from cyber and sustainability to compliance and continuity. It keeps a real-time watch over your third-party landscape, ensuring you’re always in the know. Should any concern or issue arise with any of your third parties, the TPRM module promptly alerts you, empowering you to take timely and informed actions. Beyond that, It streamlines the third-party due diligence process by automating tasks like dispatching and analysing self-assessments. For organisations that are inclined to outsource third-party risk management, 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.
Engaging stakeholders with risk management activities
Effective internal control and risk management are foundational for an organisation’s profitability and success. However, engaging internal teams in these processes can be challenging due to a lack of understanding, inadequate communication, or resistance to change. A user friendly platform that promotes awareness and action is needed to obtain a comprehensive understanding of the internal control environment and timely remediate any issues.
Internal Control module
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.
Ensuring compliance to internal and external requirements (e.g. CSRD)
With the constantly evolving compliance landscape, ensuring adherence to both internal policies and external requirements can be challenging. The varying regulations across different geographies and emerging regulatory requirements from e.g. the Corporate Sustainability Reporting Directive (CSRD) further complicate the compliance management process.
TPRM module
Our easy-to-use TPRM module allows you to manage all internal and regulatory compliance requirements, from cyber and ESG to compliance and safety. It assists you in efficiently and effectively performing third-party self-assessments as mandated by security standards and regulations such as the CSRD. Do you want to go deeper? As a provider agnostic platform, you can request a third-party (i.e. supplier, vendor, customer) screening or due diligence from our renowned partners directly from our platform, ensuring you have all data consolidated and auditable in one centralised hub. For organisations lacking the resources to operate the compliance management process, we have established partnerships with renowned partners who excel in leveraging our platform’s capabilities allowing them to deliver high-quality output at a competitive price.
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.
