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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 Lema?

Lema is an innovative AI-powered platform dedicated to managing third-party risks and enhancing security, equipping businesses with continuous, real-time insights regarding the threats from external vendors and partners. Instead of relying on obsolete compliance checklists or manual assessments, Lema seamlessly combines vendor documents, both public and private data, alongside existing technical systems to perform automated forensic investigations, conduct open-source reconnaissance, and maintain continuous surveillance over third-party interactions with critical assets. This comprehensive monitoring includes tracking data access, modifications in permissions, and actual usage patterns to identify possible attack vectors and hidden vulnerabilities. With its sophisticated Agentic Risk Engineering capabilities, Lema uncovers validated risks that standard tools frequently miss, providing actionable remediation strategies that empower teams to quickly reduce exposure, with some evaluations completed in less than five minutes. By streamlining these processes, Lema not only enhances efficiency but also significantly fortifies an organization's overall security posture against evolving threats. Ultimately, Lema equips organizations to adeptly navigate the intricate landscape of vendor-related risks like never before.

Media

Media

Integrations Supported

Moody's Analytics
NAVEX One
Rayven

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

$5000.00/year
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online 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

Lema

Company Location

United States

Company Website

www.lema.ai/

Categories and Features

Vendor Management

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

Categories and Features

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