NAVEX One Third-Party Screening & Monitoring
AI-powered screening and monitoring for comprehensive third-party risk management.
Executive Summary
NAVEX One Third-Party Screening & Monitoring is an AI-powered Governance, Risk, and Compliance (GRC) platform designed to help organizations proactively manage risks associated with their third-party relationships. It screens and continuously monitors third parties for critical risks such as bribery, sanctions violations, and reputational damage, enabling faster and more informed due diligence decisions. The platform automates the entire third-party lifecycle, from onboarding to ongoing monitoring, by facilitating assessment distribution, documentation intake, and approval workflows. It assigns dynamic risk scores based on various factors including geography, industry, and compliance posture, providing an enterprise-wide view of risk. NAVEX One aims to safeguard valuable partnerships by identifying third parties that align with an organization's vision and compliance standards, ensuring robust risk mitigation.
Use Cases
- Conducting initial due diligence and onboarding for new third-party vendors and partners.
- Ongoing monitoring of existing third parties for changes in risk profiles, including sanctions updates and negative media mentions.
- Assessing third-party risk based on factors such as geographic location, industry sector, and compliance history.
- Automating the distribution, collection, and review of third-party risk assessments and supporting documentation.
- Ensuring compliance with anti-bribery, anti-corruption, and sanctions regulations across the third-party ecosystem.
Features
Visibility
- Enterprise-Wide Risk View: Provides a clear visualization of the IT governance, risk, and compliance landscape, linking IT risks to business risks for a holistic view of third-party exposure.
Intelligence
- AI-Powered Third-Party Screening: Utilizes AI to accelerate due diligence decisions and enhance the accuracy and efficiency of third-party risk and compliance screening.
- Dynamic Risk Scoring: Automatically assigns and updates risk scores based on various factors such as geography, industry, and compliance posture for continuous risk assessment.
Technical Specifications
- Architecture
- AI-powered GRC platform
- Deployment
- SaaS
- API Available
- Yes
AI/ML Stack
- AI-powered
Security & Compliance
Certifications: SOC 2 Type II, ISO 27001, Data Privacy Framework
Encryption: Comprehensive security and privacy commitments for all customer data processed within the services
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About NAVEX Global, Inc.
NAVEX is a global leader in integrated risk and compliance management software, providing an AI-powered platform (NAVEX One) that helps organizations manage ethics and compliance programs. The company offers solutions for whistleblowing and incident management, policy and training management, third-party risk, and compliance workflow automation.
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