Enterprises face challenges ranging from cyberthreats to regulatory complexities. GEP's Third-Party Risk Management (TPRM) solution, powered by cutting-edge and generative AI technology, is designed to enhance risk management practices.
Our centralized platform not only ensures your operational security, compliance and resilience, but also integrates seamlessly into your procurement processes and scales with your third-party ecosystem. It offers compliance management, vendor segmentation and ongoing monitoring, offering real-time insights and facilitating informed decision-making.
Comprehensive Risk Management Software
Risk Strategy & Governance
Develop a robust third-party risk management (TPRM) strategy with a comprehensive risk management framework, enabling proactive risk mitigation and enhanced operational security.
Vendor Segmentation
Conduct risk-based third-party segmentation to include qualitative and quantitative risk across all risk dimensions. This enables allocation of suitable resources to manage vendors based on their risk profiles.
Comprehensive Risk Assessment & Scoring
Assess, identify and categorize risks associated with vendors, such as cybersecurity vulnerabilities, data privacy concerns, operational risks, compliance, geopolitical risks and business continuity risks.
Third-Party Due Diligence & Issue Resolution
Align third-party engagements with your risk and compliance requirements, utilizing automated systems for due diligence, maintaining compliance, and resolving vendor-related issues efficiently.
Risk & Compliance Monitoring
Monitor compliance with applicable laws, regulations and performance relative to internal metrics. Track certifications, licenses and other compliance-related records. Flag non-compliant activities with alerts.
Data Integration & Automation
Integrate with other enterprise systems like procurement, supply chain or risk management platforms. Utilize a range of automation capabilities to improve processes, efficiency, and risk management.
See What You Can Do
- Minimize disruptions, financial losses and reputational damage with an effective risk management strategy.
- Efficiently adhere to regulatory requirements, industry standards and internal policies.
- Avoid costly incidents and minimize financial losses associated with third-party relationships.
- Automate processes such as risk assessment, vendor onboarding and monitoring for operational efficiency.
- Boost your security with continuous monitoring, facilitated security audits and standard adherence.
- Build confidence among customers, partners and investors with a proactive approach to risk management.
