RiskRate Pricing, Features, Reviews & Comparison of Alternatives

RiskRate

Third party risk management & due diligence

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RiskRate overview

What is RiskRate?

RiskRate is an enterprise third party risk management and vendor due diligence solution enabling organizations to on-board, screen, and monitor third parties. The centralized, configurable platform aims to assist businesses with deploying and managing an effective risk-based program to reduce third party bribery, corruption, and other risk concerns.

In order to aid users with reducing third party risks, RiskRate creates profiles for each third party vendor and generates a risk rating, either red, yellow, or green, to indicate the level of alert based on predefined rating criteria. Third parties can be screened and monitored continuously to allow users to stay informed of any changes in risk status, and detailed audit reports can be carried out and archived within the RiskRate system. Real-time alerts can be setup to inform users when one of their third parties status changes.

Onboarding tools are provided to help businesses with onboarding and screening their third parties through vetting processes such as custom questionnaires, shared communications, attestation, policy training, and more. Third parties can be screened for adverse media, political exposure, sanctions, and more, and RiskRate provides the tools to carry out a deeper analysis when needed.
www.navexglobal.com

Pricing

Pricing options
Subscription
Value for money
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Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, China and 5 other markets, India, Japan, Germany, Brazil, Mexico

Supported languages

English
RiskRate screenshot: Third party profiles contain important information such as last report, monitoring, status, risk rating, requestor, and moreRiskRate Third Party Risk ManagementRiskRate screenshot: Customize workflows such as monitoring, interviewing, reporting, and on boarding processes to suit business needsRiskRate screenshot: Onboard, screen, and monitor third parties within RiskRate using custom forms, shared communications, training, and more

RiskRate reviews

There are currently no reviews of RiskRate.
 

RiskRate pricing

Pricing options
Subscription
View Pricing Plans

NAVEX Global's RiskRate is priced to platform and process requirements. Contact NAVEX for a custom price quote.

RiskRate features

Audit Trail
Auditing
Compliance Management
Monitoring
Real Time Reporting
Workflow Management

API (716 other apps)
Activity Dashboard (627 other apps)
Activity Tracking (346 other apps)
Automatic Notifications (553 other apps)
Billing & Invoicing (320 other apps)
Customizable Reporting (436 other apps)
Data Import/Export (414 other apps)
Document Management (361 other apps)
Document Storage (343 other apps)
Inventory Management (471 other apps)
Inventory Tracking (361 other apps)
Real Time Data (359 other apps)
Reporting & Statistics (591 other apps)
Third Party Integration (476 other apps)

Videos and tutorials

Additional information for RiskRate

Key features of RiskRate

  • Vendor performance rating
  • Vendor maintained profiles
  • Vendor qualification Ttacking
  • Audit management
  • Supplier master data
  • Third-party risk management
  • Third-party onboarding
  • Audit trail
  • Communication management
  • Compliance management
  • Custom forms
  • Customizable templates
  • Operational risk
  • Process management
  • Real time notifications
  • Real time reporting
  • Risk assessment
  • Rules-based workflow
  • Vendor management
  • Workflow management
  • Prioritizing
  • Risk alerts
  • Alerts / escalation
  • Customizable questions
  • Background screening
  • Legal risk
  • Monitoring
  • Collaboration tools
  • Policy management
View All Features

Benefits

Automation ensures always-on reporting, monitoring and record keeping, real-time notifications, auditing, and process efficiencies.

Screen and continuously monitor third parties against adverse media, sanctions lists, politically exposed people and more via the always-on screening and monitoring.

Receive real-time reputation alerts when a third party’s risk status changes and pursue additional due diligence when needed.

Onboard third parties systematically and consistently through proven vetting processes that include customizable questionnaires, bulk updates, shared communications, policy training, attestation and alignment with expectations and rights.

Use a risk-based approach to score and isolate high risk third-party engagements based on FCPA guidelines and view risk status at-a-glance with color-coded risk ratings within profiles.