Third Party Risk Assessment

Risk Assessment, Evidence, and Risk Register

Accelerate vendor risk assessment and management processes at scale with an intelligent platform that works out of the box.

Accelerate Risk Assessment, Evidence Review and Risk Mitigation Processes with Enlighta

Without a centralized system to efficiently collect, record, and maintain vendor risk data, it is costlier to onboard vendors and assess, monitor and mitigate vendor risk across the vendor portfolio. Enlighta empowers third-party and vendor risk management teams with the tools they need to identify, assess, and mitigate risks across the vendor lifecycle—efficiently, transparently, and at scale.

Risk Assessment Library

Leverage or modify dozens of pre-defined risk assessment templates aligned with Shared Assessments Standardized Information Gathering (SIG-Lite) as well as GDPR, Anti-Bribery and Anti-Corruption (ABAC), Environment, Sustainability & Governance (ESG), Anti-Money Laundering (AML) and more within Enlighta's Risk Assessments Library.

Dynamic Assessment Designer

Build custom risk assessment questionnaires with control elements relevant to your business with custom weights and scoring criteria.

Risk Profiling and Scoring

Create a comprehensive risk profile of each vendor and contract. Assess both inherent (initial) risk associated before onboarding and residual risk remaining after implementing mitigation strategies. Assign risk scores based on a configurable matrix that considers the likelihood and potential impact of risk materialization based on various risk factors (such as location, infosec practices, financial stability, and more). Categorize vendors into risk tiers (e.g., high, medium, low) based on their overall risk scores to optimize risk management and mitigation efforts.

Risk Scorecards & Dashboards

Enable TPRM, Vendor Managers, and other stakeholders to view vendor risk scorecards across risk domains, trend and other risk reports on role-based dashboards.

AI-Powered Document Validation and Evidence Library

Validate evidence documents provided by vendors like attestations, reports, and certifications using AI. Securely store and manage evidence documents with access control and expiry settings.

Risk Assessment Library

Leverage or modify dozens of pre-defined risk assessment templates aligned with Shared Assessments Standardized Information Gathering (SIG-Lite) as well as GDPR, Anti-Bribery and Anti-Corruption (ABAC), Environment, Sustainability & Governance (ESG), Anti-Money Laundering (AML) and more within Enlighta's Risk Assessments Library.

Risk Register

Log and address risks for efficient mitigation. Enlighta’s Risk Register is a comprehensive repository of risks surfaced during initial and periodically recurring risk assessments, internal and third-party audits, and other operational risks that arise due to non-compliance to contractual performance

Compliance Task Automation

Automate compliance activities and reminders for various regulatory requirements.

Enlighta’s software solutions empower enterprises to increase business value and mitigate risks in supplier and third-party engagements through data-driven insights into demand, performance, contract compliance & spend, and process automation for demand, selection, invoice validation, vendor governance, and third-party risk monitoring.

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