Trust but Verify

The CL360 Third-Party Risk Management app captures key data about your suppliers, vendors, and external parties. Surveys can be sent directly to suppliers to capture essential information about operations, security, resilience, and SLAs. Suppliers can complete surveys, upload supporting evidence, and submit based on rules and workflows set by the organization. CL360 dynamically links master supplier records to the business continuity and disaster recovery stakeholders for quick review and analysis. The platform can support either direct supplier access or internal management by third-party risk analysts. Privileged role-based access limits visibility into other areas of CL360.

Organizations that neglect to assess third-party risks open themselves to hacking, data breaches, and supply chain attacks. When developing a third-party relationship, you must mitigate risk against reputational damage. Technology and third-party vendors are frequently used to improve output and business services, but they all come with risks. CLDigital 360 offers a solution to help navigate and prevent third-party risks.

Start with our out-of-box supplier-scoring methodologies or quickly configure your own. Simple data collection forms are presented to the supplier/manager and can be populated along with any required evidence. Stakeholders can uncover insights on vendor criticality ranking that may trigger further review and action. The connection to business continuity allows gaps in supplier performance to appear directly within the Business Impact Analysis (BIA) area when they are attached to continuity plans.

Summarization and quantification of supplier risks is automated and directed to alert leadership of gaps. CL360 can send out emails, notifications, and reminders based upon frequency and/or criticality of the supplier to the organization. Customers can make modifications easily without coding. A variety of user experience tools such as progress bars, field insights, help text, and wizard features help to guide users to complete their activities quickly.

At CLDigital, we offer third-party risk solutions that help businesses navigate and thrive in a technology-driven world. At CLDigital, we provide comprehensive solutions for your business. This includes everything from business impact analysis and recovery strategies to enterprise risk management and physical security. Our intelligent CLDigital 360 platform also helps you assess and manage risks from third-party relationships, so you can understand supplier dependencies, evaluate vendors, and monitor their compliance with your risk standards. Our solutions and resources empower your business to thrive in a fast-paced world.