With an ever-evolving network of third-party vendors and partners, managing associated risks can be a complex challenge for enterprises. Traditional vendor risk management (VRM) approaches often fall short, leaving organizations vulnerable to data breaches, compliance gaps, and financial losses. Enlighta Spice, is revolutionizing the game with its next-generation Third-Party Risk Management (TPRM) platform. “Our Next-Gen TPRM empowers organizations to adopt a sophisticated and proactive approach to vendor risk management, fostering a more secure and compliant environment. This exclusive summer preview provides a limited window to experience the future of TPRM firsthand.”, says Nipun Sehgal, CEO at Enlighta.

Enlighta Spice’s Next-Gen TPRM Advantage

Enlighta Spice’s Next-Gen TPRM goes beyond traditional risk assessments, offering a comprehensive suite of features to ensure robust vendor risk management:

• Continuous Compliance Monitoring: Continuously monitor global sanctions databases, PEP (Politically Exposed Persons), and criminal watchlists. This ensures your vendors and third-parties remain compliant with ever-evolving regulations.
• Adverse Events Monitoring: Stay ahead of potential issues with regular, automated scans of news and information sources. Enlighta Spice identifies adverse events and automatically notifies stakeholders for swift risk mitigation.
• Industry Standard & Custom Risk Assessments: Conduct thorough risk assessments using industry-approved frameworks like NIST, CISA CMMC, and GDPR. Alternatively, design custom assessments tailored to your specific needs. The platform also facilitates evidence capture and review.
• Risk Scorecards & Analytics: Gain clear visibility into your third-party risk landscape. Enlighta Spice provides dashboards and Risk Scorecards that allow management and stakeholders to easily visualize and monitor risks across various domains

Exclusive Summer Promotion: Experience the Future of TPRM

For a limited time, Enlighta Spice is offering a unique summer preview program. This program grants businesses full access to the potential of their Next-Gen TPRM platform through a free 14-day trial.

Here’s what you can achieve with the summer preview:

• Conduct Up to 10 Risk Assessments: Evaluate the risk profile of your key vendors using customizable frameworks that consider AML (Anti-Money Laundering), sanctions compliance, and adverse events.
• Continuously Monitor 10 Third-Party Entities: Set up continuous monitoring for adverse events and sanctions screening for up to ten third-party entities.

This summer preview provides a valuable opportunity for businesses to explore the power of Enlighta Spice’s platform firsthand. Gain valuable insights into your vendor ecosystem, identify potential AML risks, uncover sanctions compliance gaps, and proactively address adverse events associated with your vendors.