Vendor risk software

Control vendor risk in critical business processes

Your vendors play an important role in important business operations and they possess sensitive information about your clients, systems, business, finances, intellectual property, registrations, brands, etc. ORCA helps you identify the risks involved and create an actionable plan so that you can foresee if a potential misstep can happen.

Failure to reduce the risk exposure of vendors and third-parties may result in:

Non-compliance with policies and regulations

ORCA can help you detect non-compliance with your business policies and monitor that the agreed level of service is being provided.

Information Leaks

Identify information security risks by identifying and establishing appropriate controls for its handling and processing by your vendors.

Lack of transparency of their operations

Non-compliance of strategic vendors can jeopardize the continuity of your business. ORCA allows you to assess their stability and monitor their performance.

Due diligence

Verification of financial, tax and legal compliance.

Competency, reliability and reputation assessment.

Automated questionnaire process to streamline screening and contracting.

Evaluation and ongoing monitoring

Ranking model to identify the vendors essential to your business.

Automated risk assessments to ensure consistent deliverables

Automated alerts for changes in risk levels or compliance.

Risk and incident identification and reporting.

Activation of remediation plans.

Involvement of both users and vendor areas in the risk management remediation process.

Due diligence

Contract risk management

Evaluation and ongoing monitoring

Performance monitoring

Contract risk management

Implementa un proceso estandarizado para registrar nuevos proveedores, contratos y compromisos.

Implement a streamlined process for registering new suppliers, contracts and agreements.

Consolidate relevant documents, certifications, policies, service levels, checkpoints, etc.

Identify the risk exposure that your most strategic suppliers present to you.

Performance monitoring

Monitoring that KPI'S and SLA's are being met.

Verifying compliance with your legal and regulatory requirements.

Control the quality and status of deliverables (as per orders, invoices and contracts).

Workflows for risk and incident management.

Due diligence

Verification of financial, tax and legal compliance.

Competency, reliability and reputation assessment.

Automated questionnaire process to streamline screening and contracting.

Contract risk management