Preloader Close

Third-Party Risk

Third-Party Risk
Govern vendor risk across the full relationship lifecycle

Third-Party Risk

Every third-party relationship introduces operational, cyber, regulatory, financial and reputational risk. As organisations rely more on vendors and partners, oversight must extend from onboarding through ongoing monitoring — not stop at contract signature.

Description

Claptek's Third-Party Risk solution provides a structured programme for due diligence, risk assessment, periodic reviews, contract oversight, incidents and continuous monitoring across the vendor ecosystem.

The approach helps organisations demonstrate that third-party risks are identified, assessed and managed consistently throughout the relationship.

Why Third-Party Risk Management Matters

A weakness at a critical vendor can quickly become an organisational risk. Inconsistent onboarding, delayed reviews and scattered contract records leave blind spots that regulators and auditors increasingly challenge.

How Claptek Helps

Claptek digitises vendor onboarding, questionnaires, scoring models, review cycles, contract management and incident tracking. A consolidated view of each relationship improves governance and speeds risk-informed decisions.

Key Capabilities

01

Vendor Onboarding

Streamline intake, due diligence and approval workflows before engagement begins.

02

Risk Assessment and Tiering

Score vendors and apply proportionate oversight based on inherent and residual risk.

03

Periodic Reviews

Automate review planning, questionnaires and follow-ups across the vendor portfolio.

04

Contract and Obligation Tracking

Link contracts, SLAs and compliance obligations to risk owners and renewals.

05

Incident and Issue Management

Capture vendor incidents and drive corrective actions to closure.

06

Portfolio Dashboards

Visualise critical vendors, ageing reviews and concentration risk for leadership.

We help you to unlock & unleash the power within.

Call us WhatsApp