This tool provides robust capabilities for identifying, assessing, and monitoring third-party risks, ensuring that companies can protect their operations and reputation.

Key Features

• Risk-Based Due Diligence: Implement a risk-based approach to third-party due diligence, leveraging AI-driven database screening, human research, and in-depth field investigations. This ensures thorough vetting of new partners and continuous monitoring of existing ones.
• Automated Workflows: Streamline the third-party lifecycle with customizable workflows, automated renewals, and streamlined approvals. This feature enhances efficiency and ensures compliance with internal policies and external regulations.
• Real-Time Risk Monitoring: Utilize proprietary data and AI-driven monitoring systems to track third-party risks in real time. This includes continuous assessment of financial stability, compliance status, and operational performance.
• Comprehensive Risk Insights: Gain a holistic view of third-party risks with interactive analytics and reporting. This feature helps organizations make informed decisions and respond proactively to emerging threats.
• Regulatory Compliance: Stay ahead of local and international regulations with a credible and defensible third-party risk management program. This includes advanced business intelligence tools to minimize the risk of non-compliance fines.
• Enhanced Collaboration: Foster stronger, more transparent partnerships with third parties by building a reputation for integrity and rigorous due diligence. This feature supports better collaboration across governance, audit, risk, and compliance functions.

Diligent Third Party Risk Management empowers organizations to manage third-party risks effectively, ensuring operational resilience and regulatory compliance. By leveraging this solution, companies can mitigate potential threats, protect their reputation, and build stronger, more reliable partnerships.