RiskRate by Navex Global is a third-party risk management and compliance solution that monitors vendor due diligence. The system helps users conduct third-party background checks and offers risk management program with centralized onboarding, third-party monitoring and screening features.
RiskRate offers continuous monitoring of third-party risk to ensure that they are screened against the right criteria. Users can make data-driven decisions with the automated system that looks at all third parties against a standard set of data. The solution aligns with FCPA guide and other relevant regulations to identify and mitigate risks.
The system offers a centralized platform, custom risk scoring, drive training and policy attestations, an automated survey and workflow questionnaire, screening, reduced false positives and more. Businesses can define and score their organizational risks and gain visibility into risk management approach.