Third Party Risk Management
Identify risks and compliance issues within your organisation’s partner network comprehensively. Manage critical business partners and automate risk management with the Granite Third Party Risk Management tool.
Third Party Risk Management provides the means to manage and monitor the risks and compliance of your partner network. Its objective is to create an up-to-date overview of the status and development of partners and ensure that they adhere to required standards and regulations.
The Third Party Risk Management tool is designed to comprehensively support organisations in managing their partner network. It helps identify and categorise partners and subcontractors based on risk and manage the necessary actions and requirements, such as ESG, information security, and data protection. The tool assists in identifying the most critical partners and applying appropriate controls and actions to them. Additionally, it automates the monitoring and reporting of management actions, enabling data-driven decision-making.
Identify partners critical to your business and create an up-to-date overview of their status and development.
Design targeted controls and actions for partners.
Maintain a comprehensive overview of the compliance status of the partner network.
Automate the monitoring and reporting of management actions, enabling timely and transparent decision-making.
The tool can be configured to match the organisation's own criticality classification and compliance requirements.
Expand use to comprehensive risk management and the development of continuity management.
With the Third Party Risk Management tool, organisations can effectively identify, assess, and manage the risks within their partner network. It supports decision-making by providing clear and easily understandable data and ensures that partners meet all required standards. The tool integrates risk management into the organisation’s daily operations, thereby enhancing the organisation’s risk management culture and business continuity.
