RiskRate by Navex Global is a third-party risk management and compliance solution that monitors vendor due diligence. The system helps users conduct third-party background checks and offers risk management program with centralized onboarding, third-party monitoring and screening features. RiskRate offers continuous monitoring of third-party risk to ensure that they are screened against the right criteria. Users can make data-driven decisions with the automated system that looks at all third parties against a standard set of data. The solution aligns with FCPA guide and other relevant regulations to identify and mitigate risks.
RiskRate by Navex Global is a third-party risk management and compliance solution that monitors vendor due diligence. The system helps users conduct third-party background checks and offers risk management program with centralized onboarding, third-party monitoring and screening features. RiskRate offers continuous monitoring of third-party risk to ensure that they are screened against the right criteria. Users can make data-driven decisions with the automated system that looks at all third parties against a standard set of data. The solution aligns with FCPA guide and other relevant regulations to identify and mitigate risks.
Specifications
Business Size
Startup
Customization
Yes
Deployments
Cloud
Language Support
English
Platforms
Product Details
Features
Vendor performance rating
Audit management
Vendor qualification Ttacking
Third-party risk management
Third-party onboarding
Custom forms
Customizable templates
Operational risk
Real time notifications
Risk assessment
Rules-based workflow
Vendor management
Workflow management
Background screening
Collaboration tools
Legal risk
Policy management
Benefits
Real time reporting
Automation ensures always-on reporting, monitoring and record keeping, real-time notifications, auditing, and process efficiencies.
Real-Time Reputation Alerts
Receive real-time reputation alerts when a third party’s risk status changes and pursue additional due diligence when needed.
Customizable questions
Onboard third parties systematically and consistently through proven vetting processes that include customizable questionnaires, bulk updates, shared communications, policy training, attestation and alignment with expectations and rights.
Third-Party Engagements
Use a risk-based approach to score and isolate high risk third-party engagements based on FCPA guidelines and view risk status at-a-glance with color-coded risk ratings within profiles.
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