While third party providers remain critical to the success of businesses, every product or service contracted for, presents security related risks that must be identified, assessed, mitigated and reportable to auditors and examiners when required.
ComplyScore is a comprehensive Third Party Risk assessment process automation tool that helps obtain a complete view of your Third Party universe and the related risks.
The solution enables a collaborative environment to effectively and efficiently manage the security due diligence, ongoing risk reviews, track contract performance, maintain security posture oversight, capture issue and manage remediation steps.
FEATURES & BENEFITS
ComplyScore greatly simplifies the entire process by targeting the right assessments based on the business conducted, automating the schedules based on risk and tiers, enabling vendors to self service and auto rating of the assessment answers.
The whole process can run in auto-pilot mode.
ComplyScore automates vendor risk management policies by creating the exact & targeted assessments based on the business profile and the risk. This reduces "Does not apply" answers and ensures that none of the compliance requirements are missed.
ComplyScore's assessment tool is the best in the industry. With user friendly layouts, optimized color palettes and minimal clutter, the response rates from vendors completing the assessments are very high.
With seamless integration with ERP applications, flexible import / export capabilities, ComplyScore can easily integrate into your environment greatly increasing your ROI on existing applications