Cloud-Based Third Party Risk Management
Solution Area – Third Party Risk Management
Type – Software
Consumption – Subscription
Website – https://www.3grc.co.uk
With the increase in organisations outsourcing to third parties, many have embarked on some sort of assessment process, often supported with spreadsheet based surveys. Whilst this allows for identification of risk, it’s a lengthy process and difficult to scale.
3GRC embarked on a journey with their clients to streamline the process of risk management of the supply chain. Enabling clients to leverage existing survey content, whilst tailoring and building their own, 3GRC saves significant effort in identifying third party risks, consistently generating risks automatically.
Remediation efforts are conducted through the portal, tracking discussions with third parties and demonstrating risk reduction.