Risk and Compliance Management

Collaboratively identify, track, manage, and mitigate third-party risks on an ongoing basis across the lifecycle with an AI-powered solution that works out of the box.

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Risk and Compliance Management with Enlighta Spice

Reduce risk exposure and ensure compliance across the third-party lifecycle continuously.

Risk Assessment & Monitoring

Comprehensive Risk Assessment Templates: Launch built-in best-in-class risk assessment questionnaires or create your own with custom questions and weights.
Risk Profiling & Scoring: Track initial and residual risk scores and tiers for vendors and contracts based on impact and likelihood of occurrence across risk domains (such as location, information security, financial viability, etc.).
Automated Triggers & Questionnaires: Set triggers based on initial or residual risk ratings to automatically launch due diligence questionnaires.
Continuous Risk Monitoring: Continuously track third-party risk through adverse events monitoring , vendor performance monitoring , and recurring risk assessments.
Evidence Library: Store and manage evidence documents provided by vendors like attestations, reports, and certifications with access control and expiry settings.

Remediation & Risk Mitigation

Risk Thresholds and Triggers Definition: Define relevant thresholds for risk monitoring and control tasks for mitigation.
Collaboration & Planning: Collaborate with internal teams and vendors to create and execute remediation plans to address identified risks.
Action Item Management: Automatically assign action items to internal stakeholders and vendors based on risks identified.

Reporting & Compliance:

Compliance Task Automation: Automate ongoing compliance activities and reminders for various regulatory requirements.
Risk Scorecards & Dashboards: Generate and share final risk scores and tiers of suppliers and contracts with relevant stakeholders.
Audit Management: Conduct and record internal and third-party audits, track findings, and develop corrective action plans.