An innovative third-party risk management software that simplifies and centralizes the process of identifying, analyzing, and processing third-party risks within your organization.
The new third party is qualified upstream (company name, type of third party, SIRET number, information on the planned contract, etc.). This information can be entered manually or automatically fed by interfacing with another tool in your organization. A deduplication operation ensures that no similar third party is already registered in the database.
A first level of analysis allows for categorizing the third party's risk level. This pre-analysis takes into account your organization's specificities.
Centralize information and documents related to a third party: main documents submitted by the applicant, information requested from the third party (K-Bis, organizational chart, etc.), analyses and evidence attesting to compliance review, results of external evaluations automatically reported via API…
Ensure regular communication with all stakeholders through indicators and reporting covering the different stages of your system, allowing you to evaluate and manage the risk levels of your organization's third parties.
A questionnaire can be sent directly to the third party, in a completely secure manner. This questionnaire is 100% customizable to adapt to your organization's context (questions, useful attachments, signatures, etc.), the type of third party (supplier, client, sponsorship or patronage beneficiary, etc.), and its language.
Escalation procedures related to the analysis of information concerning each third party are also fully customizable.
Vous pouvez ajouter, supprimer ou renommer les champs décrivant les évaluations des tiers, définir les champs obligatoires et établir des liens avec des référentiels, tels que les niveaux de risques et les types de tiers.
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"Values Associates has provided a suitable response to our needs"
"Extremely satisfied"
Companies, local authorities, and administrations, regardless of their size or sector, must manage a multitude of risks, including those related to their partners and suppliers. Third-party risks cover a wide range, including, for illustration, fraud, technical failures of suppliers, service interruptions, regulatory non-compliance, for example, with the challenges of the Sapin 2 law or the duty of vigilance.
Effective third-party risk management not only minimizes exposure to these risks but also promotes better governance and strengthens stakeholder trust. It can help identify and leverage opportunities contributing to the company’s sustainable development.
Adopting collaborative and customizable third-party risk management software automates and simplifies inherently complex processes, often involving a significant number of contributors. It offers you a clear overview of your third-party risks and real-time monitoring. It guarantees that a periodic evaluation of each of your third parties has been carried out.
By providing a structured framework for the analysis and management of these specific risks, it allows for arbitrating and minimizing the negative impacts of these risks on their objectives, projects, and operations.
Third-party risk management software enables organizations to examine the multiple facets of third-party risks they are exposed to from all angles. Thanks to assessment and monitoring functionalities, it simplifies the identification and prioritization of third-party risks and offers a comprehensive view of the risks the organization faces.
Thanks to reporting and data visualization functionalities based on datavisualization, each contributor can rely on a real-time dashboard allowing them to manage the exposure related to relationships engaged with third parties within their scope.
Whether through the implementation of preventive measures, the development of remediation action plans, or the reallocation of resources, companies, local authorities, or administrations have a range of options allowing them to transform challenges into opportunities.
By adopting our third-party risk management software, you optimize the management of relationships with your external partners for a more resilient organization and increased risk control.
You benefit from a 100% customizable and configurable tool, allowing you to continuously adjust your third-party risk management processes according to changes in your internal and external environment.
User experience is at the heart of our solution, which is essential in environments where regulatory requirements and risk management practices are constantly evolving. Our software allows you to stay at the forefront by quickly adjusting your risk management systems.
You simplify due diligence and third-party monitoring processes by automating evaluations through the personalized definition of your evaluation criteria and scoring methodology.
Finally, access to information is simplified for each contributor, ensuring that everyone accesses relevant data according to their role, responsibilities, and specific needs. It offers you an overview of the risks you may face in the context of relationships engaged or to be engaged with a third party and facilitates the implementation of corrective actions.
Third-party risk management is the process of identifying, assessing, and managing risks associated with relationships with external entities, such as suppliers, business partners, and subcontractors. This includes financial, compliance, operational, and reputational risks.
Third-party risk management is crucial to protect the organization against operational disruptions, regulatory non-compliance, financial losses, and reputational damage. It helps prevent incidents by ensuring that third parties comply with the organization’s standards and policies.
The main third-party risks include financial risks (supplier bankruptcy), compliance risks (non-compliance with regulations), cybersecurity risks (data breaches by a supplier), and operational risks (delivery delays).
Third-party risk management software automates and centralizes the monitoring of third-party risks. It facilitates the identification, assessment, and continuous monitoring of risks, improves regulatory compliance, and strengthens the organization’s resilience to external disruptions.
Assessing a third party’s integrity involves analyzing its financial soundness, its compliance history, its market reputation, and its adherence to ethical standards. This may include due diligence checks, compliance audits, and background investigations.
