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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 Ncontracts?

Ncontracts provides robust solutions for managing risk and ensuring compliance tailored for financial services organizations. Established in 2009 by a regulatory attorney with extensive banking industry experience, the company collaborates with more than 4,000 businesses nationwide to effectively oversee risk and compliance efforts. The comprehensive suite of Ncontracts solutions addresses every dimension of risk and compliance management, ranging from strategic planning to operational execution. Clients can select specific modules to meet their unique requirements or opt for an all-encompassing integrated system that enhances operational efficiencies throughout their organization, ultimately leading to improved decision-making and risk mitigation.

Media

Media

Integrations Supported

Integrations Supported

ADP Workforce Now
Active Directory
Microsoft Entra ID

API Availability

API Availability

Has API

Pricing Information

$750 per year
Free Version
Free Trial Offered?

Pricing Information

Pricing varies by institution size and solution adoption.

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Riskpro India

Date Founded

2011

Company Location

India

Company Website

www.riskpro.in

Company Facts

Organization Name

Ncontracts

Date Founded

2009

Company Location

United States

Company Website

www.ncontracts.com

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

Compliance

Archiving & Retention
Audit Management
Compliance Tracking
Controls Testing
Incident Management
Risk Management
Surveys & Feedback
Version Control
Workflow / Process Automation

Contract Management

Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Pre-built Templates
Version Control
Workflow Management

Financial Risk Management

Compliance Management
Credit Risk Management
Operational Risk Management
Risk Analytics Benchmarks

Intranet

Activity / News Feed
Calendar Management
Content Management
Employee Directory
Knowledge Management
Policy Management
Search

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
Operational Risk Management
Reputation Risk Management
Response Management
Risk Assessment

Vendor Management

Audit Management
Contact Management
Supplier Master Data
Vendor Maintained Profiles
Vendor Performance Rating
Vendor Qualification Tracking

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