Thousands of startups are left out due to gaps in traditional risk evaluation system. OPEN Third-Party Risk Exchange (OPEN3PRX™) is a new risk framework to improve risk posture and connect with enterprise customers.
An automated and cost-effective third party vendor risk intelligence and assessment solution designed exclusively for small and medium enterprises (SMEs).
Manage end-to-end ESG program including measuring and reporting GHG Emissions.
Enterprises increasingly depend on Third-Party Vendors to meet digital age challenges of technological innovation and heightened competition leading to increased risk.
Now more than ever, organizations face additional challenges in the form of increased focus on Sustainability,
Diversity & Inclusion requiring organizations to re-balance their vendor portfolio.
Mitigating vendor risks requires more than just traditional risk assessments. It requires a new ‘mind-set’ and ‘technology-set’ change.
One that monitors the risk and reward of using vendors with increased societal benefits.
That’s why we are introducing the OPEN3PRX™.
Mitigating third-party risks requires more than just traditional risk assessments. It requires a new ‘mind-set’ and ‘technology-set’ change.
Thousands of startups and small-mid sized businesses are left out due to gaps in traditional risk evaluation system. OPEN Third-Party Risk Exchange (OPEN3PRX™) is a new risk framework to improve risk posture and connect with enterprise customers.
Enterprises can make smarter business decisions by gaining a deeper insight of their third-parties.
From Risk Intelligence, Assessments, Compliance Audits, ESG and helping startups, third-party vendors improve their risk posture, we have it all covered.
Lack of focus on sustainability initiatives pose a number of risks and costs for business including putting the company’s social license to operate at risk, reputational damage, consumer boycotts, exposure to legal liability, adverse actions by government, investors and business partners.
Our approach offers encouragement and motivation for companies to take the FIRST-STEP towards adopting Sustainable Development Goals (SDG) and move towards defining Science Based Targets to GHG Emission reduction for Scope 1, Scope 2 and from upstream and downstream activities in the value chain (Scope 3) adopting the GHG Protocol standards.
OPEN3PRX™ provides the most reliable Vendor Security Ratings and our assessment framework is based on international standards.
20+ categories, 80+ services, 20+ countries
Companies looking to add third parties with strong risk posture and supports sustainable development
Gain access to validated assessments, access risk maturity levels & ratings data of your third parties.
Be THE company that your customers will TRUST and will want to partner
Join the community of risk practitioner’s,assessors,appraisers and contribute to a safe and secure world.
Gain access to validated assessments, access risk maturity levels & ratings data of your third parties.
Learn MoreJoin the community of risk practitioner’s,assessors,appraisers and contribute to a safe and secure world.
Learn More
"By combining the power of Experian’s data with ENGAIZ’s risk analytics, businesses can gain the insights they need to make better business decisions and mitigate risk."
Hiq Lee
President of Business Information Services at Experian
"IDC believes that ENGAIZ with its AI-Driven Integrated Third-Party Engagement Platform, will be able to address many of the third-party governance, relationship and risk management challenges.”
Aaron Polikaitis
Vice President of Research
"If your company is in the market for proven risk identification tools, actionable due diligence and risk ratings, or an AI enabled tool that help you manage contracts, costs, performance and drive innovation, ENGAIZ is the platform for you."
Linda Tuck Chapman
CEO - Third Party Risk Institute Ltd.
"We truly are impressed with ENGAIZ's unique value proposition for organizations looking to manage, govern and mitigate third-party risks."
Dawn Tiura
President and CEO - Sourcing Industry Group (SIG)
“Recent pandemic and global events have put tremendous stress on the first-line of defense in dealing with risk exposures related to third parties. Companies need a smart and easy way to access comprehensive risk intelligence on suppliers globally.”
Jai Chinnakonda
Founder, ENGAIZ
Cut short the 4-6 weeks it takes for vendor risk assessments. Save effort and cost.
Peace of mind knowing that ‘blind spots’ are monitored 24×7.
SMART Risk Insights promotes ‘proactive’ risk avoidance measures and better decision making.
Proactively sharing risk assessments improves your chance of getting short-listed in any competitive RFP process
Attract customers proving you are secure in addition to your strong capabilities.
Ensuring that your organization has strong mitigating controls will only increase your chances of closing deals faster and becoming a ‘Preferred Vendor Partner’.
Provide fully managed TPRM or Sustainability services for your enterprise clients leveraging our technical solution
Gain access to third-parties that are looking to improve their risk posture and promote sustainability
Generate additional revenue stream and gain access to potential opportunities
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