Third-Party Risk Management

How reliable are the vendors and suppliers that you depend on? Is your risk framework providing a consolidated view of third-party risk? Camms.Risk enables comprehensive workflows for third-party risk assessment and ongoing monitoring.

Flexible Workflows

Manage complex assessment workflows, with conditional steps, to seamlessly integrate your third-party risk assessment framework

Simple Integrations

Integrate with third-party risk intelligence providers using Camms.Connect APIs to provide critical insight

Vendor Portal

External-facing web portal where vendors and suppliers can complete questionnaires for their company and product

 

 

Camms.Risk Third-Party Risk Management

 

Today’s organisations rely on a myriad of vendors, suppliers, contractors and sub-contractors to deliver services to their customers. The global pandemic has made it painfully clear that failing to effectively manage third-party risks can cripple entire industries, and therefore must be a priority in all Boardrooms globally. Unexpected failures in supply chains and support vendors has the potential to cause irreversible damage to an organisation’s reputation and trust with both existing and prospective customers. Consequently, there is increased pressure on governance, risk and compliance professionals to demonstrate to executive teams why they must step-up and get a better handle on third-party risks as part of their broader risk framework.

To do this well you will need a cloud-based integrated platform you can trust, in order to deliver the visibility needed to determine a robust risk posture for effective third-party risk management.

Engaging corporate governance to improve cyber risk management

Webinar

The session will delve into how organisations can more effectively govern and oversee their cyber risks and in turn protect the interests of their stakeholders.
Date: Thursday, 10th December

Register now

Cyber Risk Management

Third-Party Risk Management Capabilities

 

Flexible risk assessment workflows
 

Different types of suppliers and vendors will require different assessments, and based on certain conditions, you may want to direct to additional evaluation steps. Camms.Risk’s flexible workflow engine is a powerful way to create conditional workflows for your third-party risk assessment process. Create extended questionnaires to capture and evaluate key attributes, use the responses to determine alternate routes in the workflow, incorporate approvals and sign-offs, regular reviews with automated alerts and identify and track the progress of any treatment actions.

Vendor portals
 

Eliminate the need to manually email questionnaires and tabulate responses through the Camms.Risk vendor portals. Vendors can log in and complete questionnaires assigned to them for their organisations and products. Questionnaires integrate seamlessly to the broader workflow so that once a vendor completes their assessment, it can trigger alerts and open the next steps for internal staff to progress the assessment.

Real-time visibility and reporting
 

Use of dashboards and reports to ensure that third-party risks are visible at all levels of your business. Executives, boards and business unit leaders to understand the dependencies and associated risks through clean and easy to understand reports and dashboards.

API based integrations
 

Use our Camms.Connect APIs to seamlessly integrate vendor assessments with external third-party risk intelligence providers to get real-time updates on their finances, sustainability ratings, sanctions listings, cybersecurity rankings and more. This information gets updated to the vendor’s record directly within Camms.Risk and feed into reporting and analytics.

Regulatory compliance obligations
 

Ensure your vendor assessments and third-party risk management practices are meeting your regulatory compliance obligations. Camms.Risk’s Compliance capability complements the third-party risk management framework, with native integrations to our partner content providers to easily obtain information on key compliance obligations and link these through to your vendor assessments to clearly demonstrate compliance during audits.

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