Third Party Risk Lifecycle Management

Fully automated risk assessment to save time and cost.

OPEN3PRX™ Risk Assess helps organization reduce effort and cost with their third party risk management lifecycle. You get the best of both.

▪ Delivers readily accessible risk assessments where vendor assessments are already available thus saving time and cost; or
▪ Enterprises can initiate their own assessment leveraging easily customizable risk assessment frameworks

For Third-Party Vendors, OPEN3PRX™ Risk Assess provides tools needed to improve their overall risk posture and track remediations.

DUE-DILIGENCE

RISK ASSESSMENT

CONTROLS AUDIT

open3prx™ risk MANAGEMENT framework
The OPEN3PRX™ Risk Framework provides enterprises with a broad focus covering all aspects of risks related to Third-Party Vendors.
0
RISK DIMENSIONS
0
RISK CATEGORIES
1
RISK CONTROLS

cyb

technology RISK

dpr

data & privacy risk

rcr

compliance risk

fhr

financial health risk

opr

operational risk

str

strategic risk

scr

sub-contractor risk

con

concentration risk

geo

geographical risk

rep

reputational risk

org organization Risk ESg

INDUSTRY STANDARDS & REGULATIONS

Industry Standards

  • National Institute of Standards and Technology (NIST) – NIST SP 800-171; NIST SP 800-53,
  • ISO International Organization for Standardization : ISO/IEC 27001:2013,

Industry Sectors

The OPEN3PRX™ Risk Framework covers vertically focused vendors, service providers and Startups in the FinTech, HealthTech which would need to work with enterprise customers in the highly regulated industries.


Financial Institutions, Healthcare & Pharma, Telecom, Manufacturing, Automobile, Aerospace, Oil & Energy, Retail, Consumer Food and more.

THE OPEN3PRX™ VENDOR CERTIFICATION FLOW

THE OPEN3PRX™ MATURITY LEVELS

How it Works?

1

SIGN-UP

Quickly create your organization profile

2

SELECT

Search Global Vendor Pool and build your portfolio

3

REQUEST

Request access to risk assessment data or initiate a custom assessment

4

ACCESS

Gain access to vendor risk assessments data

Interested in learning more ?