MetricStream Third-Party Risk Management provides organizations with an integrated, real-time view of the extended enterprise, enabling them to protect business from existing and potential threats from the third parties, while strengthening resilience, containing costs, and optimizing business performance. It automates the end-to-end processes of information gathering, onboarding, real-time monitoring, risk, compliance and control assessments and risk mitigation. An integrated and federated approach helps organizations to better manage third-party risks in a way that builds trust, confidence, and growth.
Third-Party Risk Management
MetricStream Third-Party Risk Management built on the MetricStream Platform, provides an integrated, real-time view of the extended enterprise. Business are protected from existing and potential third-party threats. The product strengthens resilience, contains costs, and optimizes business performance. It automates the end-to-end processes for information gathering, on-boarding, real-time monitoring, risk, compliance and control assessments, and risk mitigation. An integrated and federated approach helps organizations to better manage third-party risks in a way that builds trust, confidence, and growth.GET MORE DETAILS
reduction in third-party onboarding time.
Business Value Delivered
- Strengthen resilience by effectively predicting and protecting against third-party risks.
- Prevent potential disruptions and losses from third-parties by creating a culture of risk-aware decision making.
- Improve third-party negotiations with up-to-date insights on risk, performance, compliance, and issues.
- Improve business and market agility and responsiveness with optimized third-party management processes.
Intuitive Dashboards and Reports
Onboarding Due Diligence
Continuous Third-Party Monitoring
Periodic Third-Party Due Diligence
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Enable a single source of truth across third-party risk, compliance, performance, and issues for real-time, risk-aware decision making.
MetricStream Third-Party Risk Management enables you to effectively predict and protect against third-party risks. It enables an efficient process which provides in-depth visibility into third-party relationships and enhances risk awareness. Analytics and automation provide forward-looking risk intelligence which help accelerate responses to risk events. Organizations can build business resilience by seamlessly embedding risk management practices into third-party management processes, thus strengthening their risk posture. Potential disruptions and losses from third parties can be prevented by creating a culture of risk-aware decision making.