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Effective Third-Party Risk Management

Helps organizations assess, manage, and mitigate risks associated with third-party relationships, ensuring compliance and enhancing operational resilience.

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Overview

Third-Party Risk Management Solution

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.

  • Improved oversight of third-party risk exposure
  • Enhanced compliance with regulatory requirements
  • Streamlined vendor management and risk mitigation
  • Continuous monitoring and actionable insights
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Featured Clients

Featured Capabilities

01

Third-Party Risk Assessment

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.

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02

Vendor Onboarding and Due Diligence

This 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.

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03

Third-Party Monitoring and Auditing

The 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.

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04

Contract Management and Compliance

This 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.

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05

Third-Party Risk Reporting and Analytics

Third-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.

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Client Case Study

A Leading Islamic Bank Achieves Escrow Automation

Manual processes were not only inefficient, but were leading to huge fines imposed by RERA due to manual errors in reporting.

Hear what our great customers say

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.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Hear what our great customers say

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.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Featured Product

Escrow & Trust Account
Management Software Suite

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.

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