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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.
Manage complex assessment workflows, with conditional steps, to seamlessly integrate your third-party risk assessment framework
Integrate with third-party risk intelligence providers using Camms.Connect APIs to provide critical insight
External-facing web portal where vendors and suppliers can complete questionnaires for their company and product
Today’s organizations 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 organization’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.
The session will delve into how organizations can more effectively govern and oversee their cyber risks and in turn protect the interests of their stakeholders.
Date: Thursday, 10th December
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.
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 organizations 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.
Aaron Mullins | June 21, 2021
The Aged Care industry has been put under the microscope in recent years, and the findings point to the need to create robust processes to ensure the quality of care to all customers using any form of Aged Care services. One of the paths which many organisations are going down to provide quality care is through harnessing the power of software solutions. The ability and benefits of utilising software are compelling: improve processes and productivity, deliver better customer and employee experiences, manage risks, and control costs.It would be easy to assume the proliferation of digital technology has made this process of pairing business-focused philosophies with software development models par for the course – but some industries have been quicker on the uptake than others. The Aged Care industry, for example, has traditionally been behind the curve when it comes to adopting digital technologies that streamline processes, reduce the burden of paperwork, and ultimately improve the quality of care.The industry began to embrace digital technology in 2005 when the Commonwealth introduced infrastructure funding for upgrades to Aged Care facilities. This encouraged many facilities to replace antiquated paper-based processes with software systems that delivered efficient and accurate data management. Since then, however, the adoption and upgrade of technology has moved slower than other industries – until now.This continued reliance on inefficient and unreliable methods of managing vital information can have a detrimental impact on Aged Care customers, whose right to access safe and quality care and to live without abuse or neglect is compromised – and the consequences can be severe: from a lack of visibility on incident investigation, actions and follow-up to a siloed approach between governance and other systems. Increasingly aware of this, the Australian Government intervened.
Holly Butterworth | June 10, 2021
Whether you are looking to implement new GRC software or change an existing GRC platform to something more suited to your needs, there is lots to consider!Without proper planning and scoping, you may end up with a solution that doesn’t meet the individual requirements of your business, has hidden customisation costs, or doesn’t get the uptake required due to lack of buy-in from leadership and poor staff training.To make sure your next GRC implementation is a success (or work out where your last one went wrong), check out these 8 crippling pain points of GRC implementation, to make sure you avoid them.
With integrated solutions in risk, strategy, projects and people, Camms business software will help you make the right decisions, manage risks, align the talents of your organization, and focus on what matters.
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