CalQRisk Third Parties
CalQRisk provides a centralised approach to the oversight and management of your third party arrangements.
Whether you are outsourcing a business process or service, delegating a business function, or managing vendors, CalQRisk's Third Party module gives you the ability to manage each provider throughout the lifecycle of the business relationship.
CalQRisk is the solution
CalQRisk, the online Governance, Risk Management & Compliance software, has a tailored solution that helps organisations with the oversight and management of their third and fourth parties. It is fully integrated with existing CalQRisk functionality, allowing you to create links from each party to relevant risks, tasks, business processes, and monitoring programmes.
Beginning with pre-onboarding due diligence, you can register, monitor, review, and report on a third party throughout the lifecycle of the relationship.
While the responsibility for the processes associated with third party activities may lie with a number of individuals - e.g. Operations, IT, Legal, etc. - CalQRisk allows each of them to document relevant information, resulting in a consolidated view of all third parties in a central location.
"The addition of the Third Party module to the CalQRisk platform has provided Centaur with a cost-effective centralised solution to implement and manage our Third Party Risk Management Framework within our wider Risk Management Framework, which is already supported by CalQRisk.
Group Director, Risk and Internal Audit
‟CalQRisk allows us to demonstrate and operate a sound governance and risk management framework‟
Head of Risk & Compliance