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What is Riskpro?

Third-party risk management (TPRM) establishes a comprehensive framework to assess and reduce the risks organizations encounter through their relationships with external entities. These external entities typically encompass vendors, clients, joint ventures, counterparties, and other related parties. Partnering with third parties can lead to significant enterprise risks, particularly as the number of collaborations grows, regulatory oversight intensifies, and the complexity of cyber threats increases. Consequently, organizations are placing greater emphasis and resources on understanding and addressing the potential dangers linked to these third-party connections. Although such affiliations can foster agility and competitiveness in the global marketplace, they also allow companies to delegate essential functions, enabling them to focus on their primary competencies. Nonetheless, the benefits associated with third parties are accompanied by substantial risks, including the threat of cyberattacks, interruptions to business continuity, and potential harm to reputation, all of which can critically affect a company's overall viability. Therefore, it has become vital for businesses to strike a careful balance between the advantages and hazards of third-party relationships to ensure effective enterprise risk management. In this evolving landscape, organizations must remain vigilant and proactive in their risk assessments to safeguard their interests and sustain long-term success.

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

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$750 per year
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard 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

Riskpro India

Date Founded

2011

Company Location

India

Company Website

www.riskpro.in

Company Facts

Organization Name

Lema

Company Location

United States

Company Website

www.lema.ai/

Categories and Features

GRC

Environmental Compliance
IT Risk Management
Incident Management
Internal Controls Management
Operational Risk Management

Risk Management

Alerts/Notifications
Auditing
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Operational Risk Management
Reputation Risk Management
Response Management
Risk Assessment

Vendor Management

Audit Management

Categories and Features

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