Digitising Vendor Risk Policy
Centralised Vendor Risk Management
Analyse high-level risk analysis across the supply chain with a one-page Risk Dashboard. Quickly identify emerging risk, and risk exposure, beyond the acceptable threshold according to your risk policy.
Integrated Risk Modelling
Digitise and integrate your risk policy, framework and lifecycle across vendor management processes. Transparently categorise vendor risk with AI/ML-powered automation. Follow Brooklyn’s best practice risk remediation and control, produce KRIs/KCIs on the fly, and make changes to your embedded risk policy in real-time to propagate across the front-line teams.
Risk Mitigation Planning & Tracking
Capture and assess vendor risk consistently across the organisation. Define and digitise a response strategy, and overlook the formation of residual risks, to determine further mitigation and action. Determine risk mitigation measures through risk scoring, underpinning risk policies and secure outsourcing.
Audited Vendor Risk Logs
Dynamically analyse and track the most critical risks relating to your outsourced third-parties. Discover where your vendor risk sits against mitigation plans and ongoing risk health. Continuously follow up on risk using an automated action workflow, raising concerns and generating mitigation actions effectively with the vendor.
Automated Risk Assessment and Control
Control the vendor tail through the automatic notification of failures, exceptions, and warnings from ongoing risk assessments and surveys. Integrate existing surveys, processes, and templates, to continuously control vendor risks at scale with KCIs that automatically notify the user of failures.
Simple Risk Capture
Identify and capture outstanding risks across vendor reviews in-the-moment, ensuring vendor risk is not missed. Generate an automated risk log amongst our standardised Risk Register, populating a filterable vendor risk status. Automate triggers alerting assigned risk owners to review the risk in question with the vendor.
External Response Management
Brooklyn brings forward enriched data from external data feeds including social media and industry-recognised news feeds. Proprietary AI drives sentiment analysis across all feeds. Enrich the vendor’s risk profile and trigger response management based on external events.
