In an interconnected business world, organizations face challenges ranging from cyberthreats to regulatory complexities. GEP's Third-Party Risk Management (TPRM) solution, powered by cutting-edge and generative AI technology, is designed to enhance risk management practices.
Our comprehensive and flexible solution not only ensures your operational security, compliance and resilience, but also integrates seamlessly into your procurement processes. Leverage a centralized platform that scales with your third-party ecosystem. It offers compliance management, vendor segmentation and ongoing monitoring, offering real-time insights and facilitating informed decision-making.
Comprehensive Risk Management Software
Risk Strategy & Governance
Develop a robust third-party risk management (TPRM) strategy with a comprehensive risk management framework, enabling proactive risk mitigation and enhanced operational security.
Vendor Segmentation
Conduct risk-based third-party segmentation to include qualitative and quantitative risk across all risk dimensions. This segmentation allows for prioritization and allocation of appropriate resources to manage vendors based on their risk profiles.
Comprehensive Risk Assessment & Scoring
Assess, identify and categorize risks associated with vendors, such as cybersecurity vulnerabilities, data privacy concerns, operational risks, regulatory compliance issues, geopolitical risks and business continuity risks.
Third-Party Due Diligence & Issue Resolution
Align third-party engagements with your risk and compliance requirements, utilizing automated systems for due diligence, maintaining compliance, and resolving vendor-related issues efficiently.
Risk & Compliance Monitoring
Monitor compliance with applicable laws, regulations and performance relative to internal metrics. Track certifications, licenses and other compliance-related documentation. Automated alerts can be set up to flag non-compliant activities.
Data Integration & Automation
Integrate with other enterprise systems like procurement, supply chain or risk management platforms. Utilize a range of automation capabilities that streamline processes, improve efficiency and enhance risk management practices.
Maximize Business Impact with TPRM
Enhanced Risk Mitigation & Resiliency
Minimize disruptions, financial losses and reputational damage, while navigating challenges with an effective risk management strategy to ensure business continuity.
Improved Compliance
Efficiently adhere to regulatory requirements, industry standards and internal policies.
Cost Reduction
Avoid costly incidents and minimize financial losses associated with third-party relationships.
Increased Operational Efficiency
Automate manual processes, such as risk assessments, vendor onboarding and monitoring, to improve operational efficiency.
Strengthened Security
Maintain a robust security posture with continuous monitoring, facilitated security audits and standard adherence.
Enhanced Reputation and Trust
Build confidence among customers, partners and investors with a proactive approach to risk management and compliance.
