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Third Party Risk Management.AI

Enhance the end-to-end third-party risk management lifecycle, from onboarding through the offboarding phases.

Your challenge

One of the significant challenges that companies face in recent years is the increasing dependencies on third parties. While leveraging can offer cost-saving benefits, it also presents substantial risks. Most companies don't have enough money or know-how to deal with these problems. Consequently, they can find themselves exposed to potential issues related to loss of operational control, data security breaches, quality control problems, and over-dependence on external vendors.

Examine the health of your vendor ecosystem throughout its full lifecycle, from the onboarding workflows to ongoing AI-driven risk assessments and end-to-end scenario testing. Here are the key benefits :

Automation

AI-driven automation reduces manual effort and errors in data collection and analysis, improving accuracy in vendor selection and risk assessment.

Ongoing Review

Regular conduct of due diligence on third parties provides continuous assessment and monitoring of associated risks, ensuring timely detection and resolution of potential issues. Additionally, an analysis of contracts and contractual commitments can be conducted to verify their compliance and alignment with risk management standards.

Customization

Customizable dashboards foster transparency and communication with stakeholders, enhancing compliance efforts.

Testing

Regular execution and testing of exit strategies in collaboration with internal teams can help reduce internal costs.

"As an engagement partner at PwC, I am extremely proud of our innovative approach to Third-Party Risk Management (TPRM). Our AI solution is a tangible proof of our commitment to innovation and our desire to create powerful tools for our clients. I am convinced that our solution will continue to have a positive impact on how businesses approach third-party risk management, and I am honored to be a part of this initiative."

Jean Bernard Rambaud, PwC France & Maghreb

AI-Boosted Due Diligence

On an ongoing basis, and after assessing the value and risks, our team of experts execute the due diligence for each of your vendors, based on our AI-tool, to verify their capacity to securely deliver ICT services/products for your critical business operations. Automating data collection, analyzing diverse information sources, and assigning risk scores, accelerate due diligence and enhance its accuracy.

Reporting

On an ongoing basis, our solution provides a customizable dashboard that empowers you to closely track and assess risk behaviors with third-party collaborators. These advanced dashboards display key risk indicators and insights using data visualization techniques, making it easy to identify trends, anomalies, and potential areas of concern.

On demand Exit Plan Testing

Testing exit plan strategies for on-demand partnerships in collaboration with internal teams ensures a reduction in internal costs.

Pricing

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