Third-Party Management App
The MetricStream Third-Party Management App provides an integrated system to manage third-party screening, due diligence, risk assessments, and issues. The App cuts across enterprise siloes, automating and streamlining third-party governance workflows, while consolidating and mapping together third-party data in a central repository. The App is delivered with content feeds from authoritative third-party verification sources and advanced reporting tools which provide real-time insights into third-party risks, enabling you to respond swiftly.Download Datasheet
Facilitates a systematic, consistent due diligence process to assess third parties; integrates with sanction lists, adverse media reports, and other data to validate third-party information, and to identify red flags
Enables third-party risk assessments and surveys based on multiple parameters; integrates risk data from past events, third-party reported information, and screening process warning signals
Captures third-party risk assessment findings, issues, action plans, and decisions; delivers comprehensive visibility into third parties over their lifecycles
Provides powerful dashboards and reports with drill-down capabilities to continuously monitor third-party risks and performance, and to identify changes in risk levels
- Gain a 360-degree view of the third-party ecosystem, including risks, performance scores, and issues
- Strengthen third-party due diligence through integration with trusted data validation sources
- Save resources and costs by streamlining and automating third-party risk assessments across the organization
- Strengthen compliance with third-party management standards and regulations, including OCC, FINRA, FFIEC, FCPA, and C-TPAT
- Centrally store, manage, and map the third-party hierarchy (Level 1 to Level n)
- Improve communication and coordination with third parties worldwide. Resolve risk issues in a timely manner
We have established a common point of reference to assess, score, and track sustainability initiatives across suppliers worldwide.
MetricStream Third-Party Management Software Solution
While it makes good business sense to outsource processes to suppliers, distributors, contractors, and other third parties worldwide, there are many risks associated with this business model. What if a third party loses sensitive data, or is accused of bribing a government official? The regulatory consequences, as well as the brand and reputational risks of such incidents can be very damaging.
The MetricStream Third-Party Management Software Solution enables an intelligent and efficient process for third-party screening, management, and monitoring. With configurable workflows, risk assessment surveys, and reporting tools, the solution provides in-depth visibility into third-party relationships, and enhances risk awareness, so that you can take swift steps to mitigate critical risks in a timely manner.