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What is RiskRate?

RiskRate, developed by NAVEX, serves as a comprehensive solution for managing compliance and risk associated with third-party vendors. This innovative tool enables users to keep track of vendor due diligence and mitigate risks effectively. As an integral component of the NAVEX One GRC platform, RiskRate facilitates thorough background checks on third-party entities. Additionally, it offers a robust risk management system that encompasses centralized screening processes, efficient onboarding, and ongoing monitoring of third-party relationships, ensuring a proactive approach to risk management. By utilizing RiskRate, organizations can enhance their overall compliance efforts while safeguarding against potential threats.

What is Diligent Third-Party Manager?

Leverage AI-driven monitoring systems to efficiently track adverse news, watchlist entries, sanctions, and individuals deemed politically exposed, effectively saving valuable time. Implement rigorous auditing protocols to guarantee the security and traceability of third-party data. Enhance operational efficiencies by streamlining approval workflows with advanced technologies. Utilize cutting-edge analytics to assess and track the effectiveness of your anti-bribery and anti-corruption (ABAC) initiatives. Rather than simply responding to emerging trends, take a proactive stance to maintain a competitive edge. Adopt a risk-based strategy that melds human judgment with AI-enhanced screenings for optimal results. Achieve a comprehensive perspective by consistently observing the evolution of risks. Tailor assessments and workflows to accommodate various types of third-party engagements. Eliminate unnecessary procedures and integrate risk scores to ensure critical details are not overlooked. Business intelligence tools provide not only actionable insights but also increase transparency and promote continuous enhancements in compliance measures. This multifaceted approach not only fortifies your organization’s defenses against potential threats but also establishes a more effective compliance framework, ultimately fostering a culture of resilience and vigilance. In doing so, your organization can navigate complexities more adeptly, ensuring sustained success in an ever-evolving landscape.

Media

Media

Integrations Supported

Moody's Analytics
NAVEX One
Rayven

Integrations Supported

Moody's Analytics
NAVEX One
Rayven

API Availability

Has API

API Availability

Has API

Pricing Information

$5000.00/year
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

NAVEX

Date Founded

2004

Company Location

United States

Company Website

www.navex.com/en-us/products/navex-ethics-compliance/riskrate-third-party-screening-monitoring/

Company Facts

Organization Name

Diligent

Date Founded

1998

Company Location

United States

Company Website

www.diligent.com/products/third-party-manager

Categories and Features

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

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