Use Case
Third-Party Risk Management Solutions
Now there’s a better approach to third-party risk management. Automate third-party onboarding, risk assessments, issue management, and off-boarding, so you can stop risks before they stop you.
Trusted by leading global companies
What is Third-Party Risk Management?
Any individual or entity involved in your supply chain or conducting business on your organization’s behalf can potentially expose your business to unforeseen risks. These risks span a wide range of areas, including compliance, ESG (Environmental, Social, and Governance), ABAC (Anti-Bribery and Anti-Corruption), reputational, operational, financial, cybersecurity, and more.
Third-party risk management is a critical component of any effective risk and compliance program. It involves the complete lifecycle management of third parties, incorporating onboarding, risk assessments, due diligence screening, issue management and off-boarding third parties, helping you identify, understand, and manage potential business risks.
A well-designed compliance program is expected to apply a risk-based approach to managing third-party relationships.
The Challenge Of Third Party Risk Management
In today’s interconnected global marketplace, third-party relationships are essential for business growth and operational efficiency. However, these relationships also pose significant compliance challenges. With hundreds, if not thousands, of third parties to manage, and an ever-increasing list of interconnected risks to assess and monitor, compliance teams are facing an unfair fight.
Too often, compliance teams must scale third-party risk management programs to help business leaders to quickly onboard vendors, conduct initial risks assessments, automate due diligence screening and identify and mitigate risks. Often this is done manually, an approach that only makes your job harder, not easier. You deserve better.
GAN Integrity for Better Third-Party Risk Management
Fortunately, with the right resources, technology, and support, you can manage third parties, suppliers and partners more effectively. That’s why leading organizations around the world rely on GAN Integrity. We help you:
See everything
GAN Integrity provides a comprehensive view of your third-party relationships.
- Automated third-party management: Workflow driven onboarding, risk assessment, monitoring and issue management helps you see and get ahead of potential risks.
- Advanced analytics: Powerful analytics tools provide real-time insights into potential risks, enabling you to make informed, risk-based decisions.
- Real-time monitoring: Stay updated with real-time monitoring, ensuring you are always aware of and can act on changes in risk profiles.
Adapt to anything
In a constantly changing regulatory landscape, GAN Integrity ensures your TPRM program is agile and resilient, without the need for expensive IT projects.
- Dynamic risk assessment: Continuously assess and reassess risks as new information becomes available and add new risk domains with ease. This proactive approach ensures you stay ahead of potential compliance issues and are always ready for what’s next.
- Customizable workflows: Tailor workflows to fit your specific compliance needs, ensuring that your third-party risk management processes are efficient and effective.
- Scalable solutions: Whether you're just starting out and transitioning from spreadsheets, or you need a highly customized enterprise-scale program, our scalable solutions grow with you, adapting to your changing requirements, without heavy lifting or expensive IT projects.
Get all the help you need
GAN Integrity offers comprehensive support and resources to ensure your success.
- Expert support: Access our team of compliance experts for guidance and support, from helping you navigate the approach to managing your third-party risk management program.
- Best practice embedded: Benefit from extensive best practice workflows, risk assessment and continuous monitoring processes already assembled in your solution, but with the flexibility to adjust and modify.
- Influence development: Be a part of a community of clients whose inputs are listened to and developed for the good of the entire compliance community.
Our Solutions
Conflict of Interests Management
Manage employee conflicts of interest disclosures with an easy to use, configurable platform. Capabilities include:
- Reporting and analytics: Role-based dashboards to identify areas of potential exposure with actions and remediation workflows to mitigate risks.
- Campaign management: Create conflicts of interest campaigns to inform and engage employees with training, policies and regular disclosure campaigns.
- Third-party risk integration: Track conflicts of interest disclosures against third parties and suppliers for a comprehensive view of risk.
Gifts and Entertainment
Manage gifts and entertainment disclosures with an easy to use, configurable platform. Capabilities include:
- Flexible processes: Adapt disclosure intake forms and workflows to your business processes.
- Campaign management: Set up campaigns to inform and engage employees in your disclosure program.
- Third-party risk integration: Track gifts and entertainment disclosures against third parties and suppliers for a holistic view of risk.
Supply Chain Due Diligence
Enhance supply chain risk management by consolidating processes, identifying and mitigating risks, and integrating data from various risk intelligence and business systems. Capabilities include:
- Automated risk assessments and continuous monitoring: Monitor suppliers continuously for adverse media, sanctions lists, PEP lists, forced labor, and ESG (Environmental, Social, and Governance) issues.
- High-risk supplier identification and management: Identify high-risk suppliers, manage them effectively, and track actions and mitigations to ensure compliance.
- Integrated due diligence assessments: Perform thorough due diligence across your business operations and workflows for seamless integration and enhanced efficiency.
Disclosure Management
Consolidate your disclosures for conflicts of interest (COI), gifts, travel, entertainment, and political and charitable donations or contributions.Capabilities include:
- Policy management: Develop and enforce comprehensive disclosure policies. Educate and engage your workforce with targeted training and policy attestations.
- Flexible disclosure process: Simplify the submission of potential conflicts of interest with user-friendly forms, ensuring easy access for employees.
- Automated approvals and reviews: Enhance compliance with automated approval and review workflows. Quickly escalate notifications to relevant stakeholders to address potential risks.
Reporting and Documentation
See everything across your compliance program, and generate reports and dashboards to demonstrate compliance program effectiveness to stakeholders and evidence to regulators. Capabilities include:
- Reporting and analytics: Executive, role-based dashboards to review the effectiveness of your compliance program initiatives.
- Evidence-based compliance: Maintain an auditable trail of all activity with the platform’s integrated and automated audit log.
- Compliance insights: See risk trends and patterns within your program, including third-party and supply chain risk, policies and disclosures.