About Third-Party Manager
Third-Party Manager is a compliance management software from Diligent that helps organizations manage their relationships with third-party vendors. It provides features such as risk assessment, performance monitoring, and automated reporting so that businesses can maintain compliance and mitigate risks associated with third-party engagements. This software enables companies to maintain oversight of vendor performance and compliance with regulatory requirements. Third-Party Manager is designed to support organizations in navigating the complexities of third-party relationships effectively. Key capabilities: risk assessment performance tracking compliance management automated reporting vendor onboarding Best for: compliance officers and procurement teams that need to manage and monitor third-party vendor relationships effectively.
Diligent Third-Party Manager is a robust compliance software designed to streamline the management of third-party risks. Its primary purpose is to help organizations mitigate financial, operational, reputational, and security risks associated with third-party engagements. Key features include AI-driven systems for monitoring negative news, watchlists, and sanctions, as well as customizable workflows and assessments tailored to specific third-party engagements. The software also provides advanced analytics to track the health of compliance programs, offering actionable insights that enhance decision-making and process improvements. The user interface of Diligent Third-Party Manager is designed with simplicity and efficiency in mind. Its intuitive layout ensures that users can navigate the platform with ease, even if they are not tech-savvy. The interface incorporates unique design elements such as customizable dashboards and streamlined navigation menus, which enhance the overall user experience. These features make it easy for compliance teams to access critical information and perform tasks without unnecessary complexity. Functionality is a standout aspect of Diligent Third-Party Manager. The software automates the entire lifecycle of third-party risk management, from onboarding and assessment to performance monitoring and ongoing review.
Pros & Cons
- 1. The dashboard and insights are very helpful.
- 2. The software allows for pulling complex and comprehensive reports.
- 3. OSI and EDD reports are delivered on time.
- 4. The customer service is exceptional and a pleasure to work with.
- 5. The support team is responsive, helpful, and goes above and beyond.
- 6. Users feel like they are part of a "family" with the company.
- 7. The software is easy to use and train others on.
- 8. The remediation, document, record, and note storing functions are excellent.
- 9. The full profile provides everything needed for third-party tracking and monitoring.
- 10. The company is willing to consider and add requested features.
- 11. Communication is great, leading to a personalized experience.
- 1. There have been past technical issues with the software, although they have been resolved.
- 2. There have been some issues with the accuracy and speed of flag adjudication by the analysts, but the support team is responsive in addressing these concerns.
Features
Key features
Leverages artificial intelligence to continuously screen third parties against negative news, watchlists, sanctions, and politically exposed persons.
Enables the creation of customized approval management workflows with tracking and automated notifications.
Allows users to easily generate and share detailed due diligence reports that audit and track risks associated with third-party relationships.
Provides advanced analytics and actionable data to monitor the health of the compliance program, including key metrics like risk level and approval status.
Facilitates a clearer understanding of third-party relationships and their associated risks.
Streamlines and automates the processes for monitoring third-party compliance with defined workflows.
Additional features
Increases visibility into partner relationships and their activities.
Adapts to the changing needs of the organization and the regulatory environment.
Automates the process of keeping track of third-party risks and compliance.
Automates workflows related to ensuring third-party compliance.
Uses AI to screen for negative news, watchlists, sanctions, and politically exposed persons.
Provides a mechanism for initial and ongoing checks of third parties.
Continuously tracks third-party information for potential risks.
Allows users to build custom workflows for approval management.
Manages the process of approving third-party relationships and activities.
Enables the monitoring of the progress of approval workflows.
Allows users to set up alerts for various workflow stages and events.
Enables the easy creation of due diligence reports.
Facilitates the distribution of due diligence reports.
Provides comprehensive reports for assessing third-party risks.
Monitors and records risks associated with third-party relationships.
Offers immediate data and analytics on the compliance program.
Provides sophisticated analysis of compliance data.
Delivers data that can be used to make informed decisions.
Monitors the overall effectiveness of the compliance efforts.
Analyzes and reports on the level of risk associated with third parties.
Monitors the status of approvals within the workflows.
Pricing
Countries & Languages
Available in
Interface languages
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About Third-Party Manager
Third-Party Manager is a compliance management software from Diligent that helps organizations manage their relationships with third-party vendors. It provides features such as risk assessment, performance monitoring, and automated reporting so that businesses can maintain compliance and mitigate risks associated with third-party engagements. This software enables companies to maintain oversight of vendor performance and compliance with regulatory requirements. Third-Party Manager is designed to support organizations in navigating the complexities of third-party relationships effectively. Key capabilities: risk assessment performance tracking compliance management automated reporting vendor onboarding Best for: compliance officers and procurement teams that need to manage and monitor third-party vendor relationships effectively.
Third-Party Manager Details
Third-Party Manager's In-App Market Place
Does Third-Party Manager have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD ($), CAD ($), CHF (Fr.), CNY (¥), INR (₹), MXN ($), NZD ($), SGD ($), RUB (₽), ZAR (R)
Pros & Cons
- 1. The dashboard and insights are very helpful.
- 2. The software allows for pulling complex and comprehensive reports.
- 3. OSI and EDD reports are delivered on time.
- 4. The customer service is exceptional and a pleasure to work with.
- 5. The support team is responsive, helpful, and goes above and beyond.
- 6. Users feel like they are part of a "family" with the company.
- 7. The software is easy to use and train others on.
- 8. The remediation, document, record, and note storing functions are excellent.
- 9. The full profile provides everything needed for third-party tracking and monitoring.
- 10. The company is willing to consider and add requested features.
- 11. Communication is great, leading to a personalized experience.
- 1. There have been past technical issues with the software, although they have been resolved.
- 2. There have been some issues with the accuracy and speed of flag adjudication by the analysts, but the support team is responsive in addressing these concerns.
Third-Party Manager's Support Options
Email Address
support@diligent.comContact
+1-866-262-7326Third-Party Manager's Alternatives
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