Manage vendor IT and operational risks with foresight

Your organization works hard to comply with regulations, defend against cyber threats and practice ethical business – but are your vendors doing the same? See your whole vendor IT and business risk landscape with NAVEX IRM (Integrated Risk Management).

Identify

Identify third-party IT and operational risks

Align

Check vendors align with global regulatory standards

Inform 

Inform decisions with real-time risk analysis

Get proactive – before your vendor risks become your risks

The benefits of a vendor partnership must outweigh the risks – but to understand whether an ideal vendor now is a future compliance nightmare, you’ve got to be able to see what those potential risks are.  NAVEX IRM collects, collates and analyzes all your third-party risk data to: 

• Support holistic risk management and tie together data from varied sources 
• Drive an approach to vendor risk management that is proactive, not reactive 
• Automate risk scoring processes, saving time, resources and the risk of human error 
• Assess vendor policies, processes and data storage meets regulatory requirements 
• Inform and guide your decisions about the vendors you work with – now and in the future

Illuminate your third-party IT and business risk landscape

Protect your business from the wide scope of risk from outside your organization, addressing third-party risks before they collide with your ethical priorities.  Managing vendor IT and business risk is a pervasive issue, but you stand to gain a lot with NAVEX IRM.

Face vendor IT and business risks head-on

Complex third-party data sets become structured vendor risk insights with NAVEX IRM.

Unravel complex vendor risks

Get straight to what matters in third-party IT and business operations, making the most complex risk evaluations swift and straightforward. 

• Centralized overview – Shows all your vendor risk data, all in one place 
• Custom priorities – Allows you to shape different risk areas to your unique business needs, structure and industry  
• Spot pitfalls – Allows you to monitor and predict where your biggest vendor risks lie using data intelligence feeds  
• Benchmark comparisons – Get a wider view on your vendor risk performance using industry benchmarks

Ensure process alignment between you and your vendors

Use regulatory data intelligence, risk data and automation alongside complete vendor risk profiles for a swift, accurate vendor risk management strategy. 

• Adapt fast – You stay informed on trends, regulations, data privacy and data transfer requirements  
• Automated scoring – Hands-free scoring helps you gauge which risks lie where and what actions you should take 
• Built-in workflows – Spend less effort, time and IT burden digging out contracts, contacts and profiles

Build stronger, safer third-party relationships

Inform and educate vendors to help secure third-party risks – whether that’s around handling your data, outsourcing work or making major business decisions.  

• Share policies – Vendors get the context of your risk management policies and controls to guide progress 
• Relevant surveys – Pre-populated vendor surveys mean you receive information relevant to regulatory requirements 
• Better communication – References relationship history to focus communications and collaboration efforts

How we support your third-party risk management success

Take your third-party risk management to new heights with NAVEX. Our blend of expertise and supportive services transforms your approach, making every partnership a confident step in your strategy.

Manage third-party risks

Embarking on your risk management journey? We’re right beside you. Together, we’ll dive into your specific needs and chart a path that’s just right for your team – and that doesn’t end with software setup. We’re committed to ensuring you’re comfortable and confident navigating NAVEX One.

• Get up and running faster
• Empower your people 
• Maximize your investment

Your accomplishments are our biggest wins.

At the heart of every success story is a supportive team – and that’s exactly what you get with NAVEX. Whether it’s a quick query or in-depth support, we’re here for you.

• Access the collective wisdom of the NAVEX community
• Get the latest GRC trends and tips in our Resource Center
• Enjoy dedicated, 24/7 NAVEX team support

Gain clarity from complications

Whether you need to integrate multiple systems or kick off an organization-wide process improvement project, we’re here to help. Together, we’ll map out these complexities, ask the right questions, rally key stakeholders and prepare for challenges ahead of time. Whatever your starting point, we can help you make the most of your investment.

• Streamline system processes and workflows
• Seamless change management
• Tailored consulting and training