A quick introduction to our third-party risk platform
Third-party risk management processes are often outdated and inefficient, relying heavily on manual work and multiple siloed tools. With 3rdRisk, you’re in control of managing and reporting on third-party risks through a single platform. Achieve compliance in weeks, thanks to valuable insights and real-time alerts.
Simplify complex third-party risk management
In recent years, there’s been a shift from working with a few hundred third parties to thousands, significantly raising complexity and risk levels. Lower the number of incidents like security breaches or supply chain disruptions by managing these thousands of third parties in one single platform.
Increase stakeholder trust, from investor to customer
The purpose of third-party risk management is to protect your organisation and increase trust among all parties involved. Showing you’re effectively managing third-party risks boosts confidence among stakeholders, from investors to customers.
Comply with NIS-2, DORA and CSDDD
Effective third-party risk management ensures that both your organisation and your third parties comply with NIS-2, DORA, GDPR, and CSRD. Our platform simplifies compliance, reporting, and management of third-party risks, helping your organisation comply with laws and regulations.
Identify vulnerabilities for a more resilient organisation
Effective risk management helps identify vulnerabilities within your third-party relationships. By pinpointing these weak points, you can take proactive measures to strengthen them and reduce incidents like security breaches or supply chain disruptions.
Up and running in 10 days
Forget about expensive and lengthy implementations. Our unique implementation approach is designed to be flexible and effective. Say goodbye to your spreadsheet approach or rigid GRC-system and master risk management in 10 days.
We determine your challenges and objectives
On the discovery and planning day, we begin by understanding your organisation's specific needs, existing processes, and desired outcomes. Based on this, we develop a personalised implementation plan, outlining the steps, timeline, and resources required.
Configuring our platform to your needs
Configuration of the 3rdRisk platform is done by using our best-practice blueprints full of frameworks, control sets, and questionnaires. As a result, you never have to start from scratch. We also ensure a seamless integration of 3rdRisk with your existing systems, including Microsoft Teams for enhanced collaboration.
Get you up to speed with third-party risk management
We provide comprehensive training to ensure your team is well-equipped to make most out of the 3rdRisk platform. This includes onboarding sessions, interactive trainings, product tours, and access to online learning resources.
Support and optimisation along the way
We offer ongoing support to ensure successful implementation. After two weeks, we continuously add new features and optimise the platform ensuring that our technology anticipates and adapts to your needs. We’re proud to say our custom integrations are handled with an average turnaround time of just 5 days.
Optimise your third-party risk management with these key features
3rdRisk is the only European platform capable of managing multiple third-party risk domains in one place.
All third-party risk data in one place
Manual work to handle third-party risk management is something of the past. Go from five different tools to all data in one platform.
Real-time insights & alerts
Working with spreadsheets doesn’t give you the accurate status of third-party data. Our platform lets you manage third-party data in real-time, providing instant alerts of market updates and incidents.
Clear overview of tasks and responsibilities
Responsibility for supplier and third-party contracts can be confusing. 3rdRisk gives you a clear overview that defines and assigns stakeholder responsibilities, ensuring everyone knows which next steps to take.
Manage & report on third-party risks
Creating, viewing, and analysing reports becomes straightforward and efficient with 3rdRisk. Access detailed reports on the risk status, compliance levels, and performance of your third parties. Get actionable insights and make informed decisions.
Curated content to help you get started
Together with our partners, we develop frameworks, control sets, and surveys, so you never have to start from scratch. Work according to international standards and manage your third-party risks efficiently.
Save time with our AI document analyser
Stop wasting time on analyses of and reports on third-party data. Our AI document analyser does this for you. Saving you time to focus on reducing supplier risks.
Modern, easy-to-use interface
Navigate through our platform effortlessly with a user-friendly interface that makes managing third-party risks and compliance straightforward and efficient.
Seamless integrations
Streamline your operations by seamlessly integrating both internal and external data feeds with the 3rdRisk platform. Take advantage of our ready-to-use API integrations for automation.
Increase engagement with our intelligent chatbot
Who says risk management can’t be fun? Increase stakeholder engagement with gamification and a human-like chatbot, adding a personal touch and improving the user experience.
Your third-party risk management is in good hands with us
As seasoned risk professionals, we know better than anyone that there’s a critical need for improved third-party risk management. That’s why we created a user-friendly platform. Unlike others in the market, we take a collaborative and multidisciplinary approach. We’re the only platform that lets you manage multiple risk domains, create a branded customer environment, and we have Deloitte as our managed service provider. Let’s simplify third-party risk management, together.
Manage multiple risk domains in one place
From privacy and security to compliance and sustainability: 3rdRisk is one of the few European platform capable of managing multiple risk domains.
Get your own branded platform and supplier portal
Boost internal and external engagement by providing a customised experience with your very own branded platform and supplier portal. Tailor the interface to reflect your brand identity and ensure seamless interaction with your suppliers and business stakeholders.
Benefit from the expertise of our partners like Deloitte
We provide a third-party risk platform along with comprehensive solutions to address your third-party risk and compliance challenges. To achieve this, we collaborate with leading global partners like Deloitte, NTT DATA, Protiviti, and Eraneos.
3rdRisk is trusted by risk managers like you
Read what others say about our third-party risk management platform
FAQs and answers
For which industries is the 3rdRisk platform useful?
The 3rdRisk platform is industry-agnostic, designed to be effective and adaptable across all sectors. Regardless of your industry, whether it's finance, healthcare, manufacturing, retail, or technology, our platform provides a flexible framework for managing third-party risk, internal controls, and compliance. With customisable tools and scalable features, 3rdRisk enables businesses of any size and sector to confidently navigate risk and regulatory landscapes.
What integrations are available with the platform?
The 3rdRisk platform offers 40+ out-of-the-box integration options, seamlessly connecting with your existing procurement systems as well as Governance, Risk, and Compliance (GRC) platforms to streamline workflows. Additionally, it integrates with external data sources, including news monitoring services, compliance screening and risk rating providers, to enhance your third-party risk assessments. These integrations enable a comprehensive view of your third-party landscape, supporting informed decision-making and proactive risk management.
How long does the implementation process take?
The implementation process for the 3rdRisk platform is swift and efficient. On average, it takes less than 10 days to get started, and it can be expedited if necessary. For larger organisations requiring custom integrations and tailored configurations, the timeline typically extends to 2-3 months to ensure seamless integration with existing systems and workflows. Our team works closely with you to meet your specific timeline and operational needs.
Which risk domains do you support?
The 3rdRisk platform supports a broad range of risk domains to provide comprehensive coverage for your organisation. Key domains include cybersecurity, sustainability, compliance, data privacy, business continuity and safety risks. Our flexible platform allows you to tailor risk assessments to meet specific needs across various domains, ensuring that you can manage and mitigate risks effectively, regardless of their nature or origin.
How does the 3rdRisk platform stand out in tprm?
The 3rdRisk platform stands out with a range of unique selling points: it’s a multidisciplinary solution with versatile tools adaptable to all risk domains, offering custom branding for a tailored look and feel. Seamless Microsoft Teams integration enables efficient communication, while gamification features activate and engage stakeholders effectively. Fully European, 3rdRisk ensures compliance with EU standards, and its extensive integration options allow it to work effortlessly with your existing systems.
Stay in control of third-party risk management
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