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Ethics & Compliance Platform
The NAVEX One platform is an automated ethics and compliance solution that includes a suite of complementary solutions.

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Lockpath Integrated Risk Platform
NAVEX Global’s Lockpath is a powerful, flexible, integrated GRC platform that enables integrated risk management and is built to scale.

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NAVEX ESG helps organizations remove the complexity and confusion of managing multiple sustainability efforts.

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Managing Third Party Risk

Speak with one of our experts to help you get started

Addressing Risks from Your Supply Chain and Third Parties

Working with third parties is a reality of business. From cloud storage to payroll, organizations rely on vendors for business-critical functions. But any risk introduced by third-party providers is the responsibility of the company who hired them.

TPR-Challenge-Tiers-Reputational-Risk.pn

Regulatory & Reputational Risk
Manage the reputational risk your third parties present, including government sanction lists, politically exposed persons (PEPs), and adverse media profiles, while adhering to regulatory and global enforcement agency direction.

Operational Risk
Understand how third parties support your business operations, the risks they bring, and build and execute plans to minimize risk impact.

Environmental & Social Risk
Ensure your third parties uphold the same values you expect internally, while acting responsibly and actively promoting sustainability in their own operations.

To effectively uncover and manage all risks, a robust third-party risk management program that offers a unified view of risk and automatically updates third parties’ status to allow for faster, more effective decisions to ensure business success is crucial.

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Third-Party Risk Management: Why You Need A Complete Program in An Evolving Environment

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Third_Party_Risk_Management_-_Volkov_Whi

Implementing a Holistic Third-Party Risk Management Program

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What You Need

Risk-Based Approach

Organizational vendor risk management efforts based on your company’s unique risk profile.

Ongoing Monitoring

A simple way to identify and manage risk before it becomes an issue by consistently assessing the relative health of each of your third party relationships.

Centralized Management

Shared access across the organization with uniform processes, reports and workflow for key stakeholders.

Automation

A process to automatically onboard, review, screen and monitor each third party in a consistent, trackable and time-efficient way.

Defensibility

A system that captures, stores and retrieves important information about your supply chain and vendors.

High Visibility

Access to information across locations and teams to consolidate and gain visibility into all third party activities.

What You Need

Third Party Due Diligence Solution

Surface and monitor third party regulatory sanctions and reputational risks, and conduct additional due diligence when applicable.

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Integrated Risk Management (IRM) Solution

Consider third-party information in context of your business operations to better understand and manage risk.

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Environmental, Social, and Governance Solution

Assess vendors in the frame of responsibility and sustainability metrics to uncover environmental and social risks.

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Be the first to know what your third parties are doing

Screen and monitor your vendors

Third Party Risk Resources

Third Party Risk Management

By effectively surfacing all areas of risk third parties present, organizations have greater visibility into who they’re doing business with and can better achieve their goals. To reach this goal, a solution that is uniquely designed for each area of risk is required for the best results.

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Explore Other Issues

Regulatory Compliance

Read more about Regulatory Compliance

Governance, Risk & Compliance Management

Read more about Governance, Risk & Compliance Management

Operational Risk Management

Read more about Operational Risk Management

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