Service Provider Risk Management2018-11-09T20:16:04+00:00

The Challenge

Performing regular audits on your service providers is essential since their business practices directly impact your own. Service provider audits provide an effective method of identifying, eliminating and preventing problems in a thir party’s processes, management, or products, as well as preventing fraud or breaches. Ensure you reduce costs from violations by preventing them. Challenges include underperformance, unreliable service, inadequate security, or failure to meet contractual obligations; working with a third party can be risky business. It is critical to perform periodic audits on your service providers to ensure that everything is operating as it should.

The Solution

SecureWatch, our risk management solution, is primarily used as a risk and compliance assessment platform for professionals. SecureWatch allows your organization to asses service provider facilities and their compliance without the need to hire additional staff. Rest assured, all of your business operations will run smoothly and effectively when using SecureWatch for your third-party audits.

“You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.”


Key Benefits:

  • Collect practical data with intuitive assessments.

  • Recommendations can be automatically offered to identify and mitigate gaps and vulnerabilities.

  • Manage your audit responsibilities and track the progress of your projects with task delegation and automatic reminders.

  • Allows tasks to be delegated among staff, resulting in increased awareness and productivity.

  • Reports can be generated automatically to track the standing of internal security.

Additional Benefits:

  • Designed to work with all regulations and standards in all industries.

  • Comprehensive high-level audit criteria to ensure regulations and policies are being met.

  • Compliance analysis that determines risk score and identifies areas of high risk for further investigation.

  • Upload your unique policies and assess compliance across your enterprise

  • Real-time risk profiles and scores that update as changes occur.

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Reduce exposure to liability. Manage risk. Monitor and maintain security. Track continuous improvement.

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