Applying Due Diligence Application to Assess Third-Party Risk

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Make sure compliance with regulatory requirements and industry standards. Focus and filtration system documents, examination and concerns across teams. Record all problems and assess their severity, status and recommendations with detailed stats dashboards. Reduce the as well as cost of homework with a single platform that automates manager, third-party and regulatory (e. g. GDPR) diligence.

Improve workforce collaboration and efficiency having a simple and interface that you can customize that’s simple to learn and use. LogicManager also permits users to customize their home screen with only the most relevant action items to eliminate disruptions and speed up the review process.

Without difficulty identify potential issues just before they will arise with an integrated data source of helpful ownership details and global sanctions email lists, covering 99. 5% of your global financial system. Monitor family and foreign sanctions, Vigueur and watch lists with 1 ) 4 mil profiles, their particular family members and close co-workers. Streamline the CDD process with automated email notifications the moment reviews happen to be overdue and a robust credit reporting system that allows for presenting vendors simply by criticality levels. Seamlessly integrate with risk assessment solutions like BitSight and RiskRecon, as well as Netsuite or any ERP/accounts payable system to keep all your data in one place.