Streamlined Third-Party Legal Assessment Solutions
Third-party legal risk assessments are an essential element in a proactive, risk-based TPRM solution. ComplyScore can provide you the capabilities necessary to understand potential vendor-sourced legal risk, alongside insights to make better risk decisions.
- Intelligent legal risk assessment applications simplify the evaluation process and make your TPRM program more agile and capable.
- Understand vendor legal risks and build a more responsive mitigation plan that quickly resolves risk issues.
- Single-pane dashboard allows easy management and reduces the workload on your team, so they can focus on mission-critical operations.
Why Legal Assessment Solutions?
- You share significant data or processes with third-parties and need greater transparency into potential risks.
- This is a new or proposed vendor relationship that requires an initial assessment.
- The vendor has experienced a data breach, security incident, or information security performance discrepancies.
- You require enhanced risk assessment services for your own compliance, reporting, or auditing requirements.
Expand the Reach of Your TPRM Program
Many enterprises struggle with common bottlenecks when it comes to their TPRM program: they don’t have enough time, in-house resources, and/or expertise to successfully support capable performance. ComplyScore understands your challenges: we are a trusted partner for TPRM program management, including legal assessments. Our unrivaled expertise and innovative solutions boost TPRM success, while reducing the burden on your team.
Vendor Failures Affect You
When a third-party partner suffers a failure in compliance or a disruption in operations, you could be vulnerable to risks and damages, including:
Vendor disruptions that cascade into disrupted operations for your organization can result in lost customers, market share, or market confidence.
A vendor data breach or security incident that affects your customers can result in fees, sanctions, and/or costly punitive damages.
A third-party failure creates risk that you will suffer diminished status with customers, and reduced ability to compete in your market.
Proven Legal Assessment Solutions
ComplyScore is a preferred choice for services for third-party legal assessments. We can boost the reach and effectiveness of your TPRM program.