Third-Party Risk
Manage third-party risk with a picture of your vendor ecosystem
Increased reliance on vendors means that no organization stands alone. As your operation relies on more and more third parties, you inherit third-party risks related to your vendors and service providers. Unfortunately, a risk to them means increased third-party risk to you.
Archer Third Party Governance enables you to automate and streamline oversight of vendor relationships. With an accurate picture of your third-party ecosystem, you can prioritize actions and facilitate activities necessary to manage third-party risk across the entire third-party management lifecycle. See how Archer can help build your vendor risk program.
Understand your third-party ecosystem
Catalog and assess third-party relationships, understand associated risks and be prepared as relationships and your business ecosystem evolves.
Monitor risk and performance
Stay current with vendor status and monitor risk and performance across the entire lifecycle of vendor management.
Enable consistent management
Consistently evaluate risks posed by third parties and apply controls, treatments and transfer techniques according to your organization’s risk tolerance.
ARCHER THIRD PARTY GOVERNANCE USE CASES
A full complement of use cases for multi-faceted challenges
Third-party catalog
Understand the relationships you have with third parties to mitigate risk. Archer Third Party Catalog lets you document third-party relationships and associated contracts, plus the business units and named individuals in your organization who are responsible for each relationship. Use a single repository to aggregate all third-party information.
Third-party risk management
Build and execute assessments to help manage third-party relationships with Archer Third Party Risk Management. Determine your organization’s residual risk across several categories by leveraging a series of risk assessment questionnaires to assess third parties’ control environments and then analyze the results.
Third-party security risk monitoring
Assess third-party security risks quickly and more accurately with continuous, automated visibility into your vendors’ IT landscape. Archer Third Party Security Risk Monitoring delivers actionable, objective insights about third-party security issues that pose the greatest risk to your business.
Third-party engagement
Employ Archer Third Party Engagement to gain a holistic understanding of your organization’s dependency on third parties across all of your business units. Catalog the products and services third parties deliver to your organization according to each business process and business unit they support.
Third-party governance
Perform integrated third-party risk and performance management. Use Archer Third Party Governance to document performance metrics and service level agreement metrics for each third-party product and service to ascertain whether each engagement is delivering expected performance.
ARCHER ENGAGE FOR VENDORS
Business users can quickly and easily complete assessments or initiate risk activities.
Archer Engage for Vendors provides your third-parties with an intuitive interface and dashboard that allows third-parties to efficiently complete assessments, questionnaires, upload documentation, respond to issues, and attest to performance enabling you to effectively manage third party risk.
ARCHER THIRD PARTY GOVERNANCE THOUGHT LEADERSHIP
2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools
4 Paths to Manage Third Party Risk in the Digital Era
5 Things to Know When Researching Risk Management Platforms
Gartner Report: Monitor Key Risk Criteria to Mitigate Vendor Failure