Our Third-Party Risk Management solution allows organizations to assess, monitor, and mitigate risks from third-party vendors, suppliers, and partners. It automates risk assessments, provides continuous monitoring, and ensures compliance with regulatory standards, helping organizations maintain control over their external relationships.
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The Third-Party Risk Assessment module helps organizations evaluate potential risks associated with third-party relationships, including financial, operational, and reputational risks. It enables organizations to conduct comprehensive risk assessments to ensure the integrity and security of external partnerships.
Know MoreThis module facilitates the onboarding process by automating vendor due diligence, including background checks, compliance verification, and risk profiling. It ensures that only trusted and compliant vendors are selected to minimize potential exposure.
Know MoreThe Third-Party Monitoring and Auditing module provides continuous monitoring of third-party activities, ensuring ongoing compliance with regulatory standards. It automates audits to detect and resolve issues, reducing the potential for disruptions in operations.
Know MoreThis module automates contract management and ensures that agreements with third parties align with regulatory and internal compliance standards. It helps track key contract terms, obligations, and milestones to ensure that third-party partners adhere to agreed-upon conditions.
Know MoreThird-Party Risk Reporting and Analytics generates detailed reports on the risks posed by external partners, tracking risk exposure over time and providing actionable insights. It enables organizations to evaluate the effectiveness of their third-party risk management strategy and identify areas for improvement.
Know MoreManual processes were not only inefficient, but were leading to huge fines imposed by RERA due to manual errors in reporting.
Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.
I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.
Vice President, Head of BCM
We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.
Senior Risk Officer
Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.
AGM, Crisis Resilience & Standards
Thank you all. Fantastic work. Much appreciated
Senior Manager – Business Resilience
Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.
Ascent's AutoEscrow© software is an all-in-one solution for automating Escrow and Trust Account management for banks and NBFC’s. With predefined modules for RERA, CBUAE Insurance Escrow, Mollak, and configurability for bespoke requirements, it streamlines processes and reduces errors.
It includes features like automated account setup, payment processing, regulatory reports, account reconciliation, and more.
Learn more about Corporate Banking Escrow Management solutions with the help of featured resources especially curated for you.