If you're looking for a broad risk management platform that can accommodate custom solutions for specific business needs and industries, ProcessUnity is a good option. It automates the entire risk management lifecycle from onboarding through continuous monitoring, with a highly customizable workflow platform. ProcessUnity handles vendor onboarding, assessments and monitoring, and integrates with enterprise systems and external content providers. It's modular, so customers can add new features and functionality without service engagements.
Another contender is LexisNexis Risk Solutions, which offers insights to companies in a variety of industries, including financial services, insurance, government and healthcare. The company offers a variety of services, including financial crime compliance, credit risk assessment, fraud and identity management, and customer acquisition. LexisNexis uses advanced analytics and proprietary linking technology to offer insights that help companies assess and mitigate risk, ensure compliance and identify opportunities for growth.
NAVEX is also a good option for its mature Governance, Risk, and Compliance (GRC) platform. NAVEX enables secure collaboration among employees, third parties and business processes, with tools for employee compliance, third-party risk management and integrated GRC data intelligence. It offers a 360-degree view of people, third parties and processes, helping to create a culture of compliance and inform decision-making.
For industries that need AI-powered third-party risk management, Prevalent offers a broad platform. It uses AI and automation to assess and mitigate security risks of vendors, suppliers and other third parties. Prevalent covers a variety of use cases including IT vendor risk management and supplier risk management, and offers value-added services including due diligence collection and analysis, and contextual risk reporting.