Most organizations utilize third parties. Managing them all and the risks that arise can be complex.
Archer helps you track your third parties, manage the relationships, identify risks early, monitor their performance, and promptly address issues that arise.
AS EASY AS 1-2-3
Understand your third-party ecosystem
Catalog and assess third-party relationships, understand associated risks and be prepared as relationships and your business ecosystem evolves.
Monitor risk and performance
Stay current with vendor status and monitor risk and performance across the entire lifecycle of vendor management.
Enable consistent management
Consistently evaluate risks posed by third parties and apply controls, treatments and transfer techniques according to your organization’s risk tolerance.
Resources
Use cases
Third-Party Catalog
Understand your relationships with third parties. Document third-party relationships and associated contracts, plus the business units and named individuals in your organization who are responsible for each relationship.
Third-Party Risk Management
Build and execute assessments to help manage third-party relationships. Determine your organization’s residual risk and analyze the results.
Third-Party Engagement
Gain a holistic understanding of your organization’s dependency on third parties across your business units. Catalog the products and services third parties deliver to your organization according to each business process and business unit they support.
Third-Party Governance
Track performance metrics and service level agreement metrics for each third-party engagement.
Third-Party Security Risk Monitoring
Track performance metrics and service level agreement metrics for each third-party engagement.
Sallie Mae uses archer for effective third-party governance
Watch how Sallie Mae implemented new third-party risk process frameworks and automations to reduce cost, increase efficiencies, eliminate redundant systems, and drive deeper customer satisfaction by managing all third-party vendors within Archer.
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