WolfPAC Third-Party Risk Management Software
Third parties play a vital role in the success, stability, and continuity of a business—but keeping track of all of your vendor information (and the risks associated with each) can be a challenge. WolfPAC’s Third-Party Management solution provides a centralized view of your vendor relationships. This allows your organization to efficiently access, review, edit, and manage risks and strategies.
Relying solely on vendors to maintain compliance and monitor contracts can put your organization at risk. Our streamlined solution provides easy access to contracts and allows for vendor due diligence, lets you manage the entire lifecycle of all vendors, and gives clear visibility into vendor performance and stability. It also integrates with our Enterprise Risk Management solution for a holistic view into both business and vendor risks, pinpointing which key areas to focus on and improve.
Our innovative third-party risk management software solution:
- Creates risk ratings for vendors
- Provides easy access to contracts for review and updating
- Allows for vendor due diligence and vendor monitoring
- Optional integration with SecurityScorecard to receive detailed cybersecurity scoring and vendor
questionnaires.
Vendor and internal processes are important. But without an integrated and automated solution, your organization could overlook or improperly review pertinent information. With WolfPAC, you’ll be able to streamline your vendor experience, manage relationships, and minimize negative business impacts.
Advanced AI Functionality
AI Contract Management
Reviewing contracts for risk-related provisions is a slow and tedious process. Now, instead of flipping through page after page, you can upload a contract into the platform and let AI do the heavy lifting.
WolfPAC’s AI Contract Management functionality scans contract documentation for you, highlighting the data security clauses, termination rights, liability caps, and other key terms that really matter for risk.
What you get back is a clear view of the essentials, allowing you to focus on making informed decisions, rather than parsing legal language. This visibility facilitates faster reviews, fewer missed details, and frees you team up to focus on more strategic work.
AI SOC Report Analysis
SOC reports are critical, but extracting all of those Complementary User Entity Controls (CUECs) is tedious. Miss one, and you risk leaving a gap.
Now, with WolfPAC’s AI assistant, you simply upload the SOC report, and it pulls the CUECs out for you. Even better, they can be dropped directly into your risk assessments inside the platform.
You can also generate reports on these controls, which gives both you and your auditors a straightforward picture of responsibilities and coverage.
Explore the Benefits of our Third-Party Risk Management Offering
Enhance Visibility
Oversee your vendors’ lifecycles with risk assessments, contract oversight and monitoring, and quick access to key deadlines and risk ratings
Increase Efficiency
Save time and resources by centralizing data and reporting on one cohesive platform
Reduce Risk
Improve communication between your business and vendors, streamline contract supervision, and ensure information and cybersecurity best practices are followed
Managing multiple vendors doesn’t have to be overwhelming. With WolfPAC’s third-party risk management solution, you can address vulnerabilities, oversee relationships, and make resilient plans for third-party management success.
Software
Explore Our Other Solutions
Business Continuity Management
Analyze threats, prioritize recovery responsibilities, conduct business impact assessments, and create disaster recovery plans
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Data Security & Privacy Risk Management
Centralize data, verify document controls, detect vulnerabilities, assess risks, build privacy programs, and create threat remediation plans
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Enterprise Risk Management
Detect risks, streamline data and increase review efficiency, identify KRI gaps, and develop remediation plans enterprise wide
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Financial Reporting Control Management
Build customized reports, implement financial statement reporting controls, and monitor compliance requirements
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Incident Management
Track responses to critical incidents, address risks & vulnerabilities, automate key processes, and streamline reporting
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Information Technology Risk Management
Consolidate IT security data, identify cybersecurity threats and gaps, and increase resiliency
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Regulatory Compliance Risk Management
Generate reports, develop monitoring and audit plans, track federal and state regulatory obligations, analyze risks, and remediate gaps
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Transaction Risk Management
Address transaction execution and fraud vulnerabilities, prioritize control remediation, align costs, and streamline reporting
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