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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 Risk Ledger?

Clients are equipped with all the necessary resources to implement a comprehensive, cyber-security-focused third-party risk management strategy across their entire supply chain. Engaging third parties is quick, effortless, cost-free, and straightforward, enabling clients to enhance their risk management capabilities. Our innovative secure network model empowers each organization to effectively manage their third-party risk programs while addressing client risk assessments, fostering trust between the entities involved on the platform. Those utilizing the Risk Ledger platform for their third-party risk management initiatives can experience a range of advantages, including: - Ongoing surveillance of the supply chain to ensure risk controls are enacted - Enhanced visibility extending to fourth, fifth, and sixth parties - Streamlined procurement processes, potentially shortening cycles by up to 80% - Greater levels of engagement from suppliers - Minimal costs incurred per supplier, making the approach economically viable. As a result, organizations not only strengthen their risk management practices but also build more resilient relationships within their supply chains.

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

Risk Ledger

Date Founded

2017

Company Location

United Kingdom

Company Website

riskledger.com

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

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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