In today’s digital age, businesses are more interconnected than ever before, with an increasing number of third-party vendors involved in various aspects of operations. However, this also means that there are more opportunities for risks to arise. In such an environment, it is critical for companies to have a reliable and effective system for assessing and managing risks associated with third-party vendors. This is where ENGAIZ comes in, offering a cutting-edge solution to mitigate such risks and foster lasting relationships with third parties.
ENGAIZ is a Toronto-based startup that is revolutionizing the way companies evaluate and manage third-party risks. The company’s OPEN Third-Party Risk Exchange (OPEN3PRX™) is a new risk framework that goes beyond traditional assessments and audits to improve risk posture and facilitate connections with enterprise customers.
The Need for Innovative Third-Party Risk Management Solutions
The philosophy behind ENGAIZ is centered on building long-term relationships with third-party vendors, recognizing that such partnerships are essential for businesses to thrive in today’s competitive landscape. Through its innovative risk management solutions, ENGAIZ is helping companies to meet the challenges of the digital age while also fostering sustainable business practices.
OPEN3PRX™ – A New Era of Risk Framework
The OPEN3PRX™ framework is designed to benefit both enterprises and third-party vendors. It offers a range of product offerings that focus on risk intelligence, assessments and audits, and ESG and sustainability.
The OPEN3PRX™ Risk Intelligence Report provides a reliable and trustworthy third-party risk report backed by the leading credit bureau in the world. This AI-driven and human-led solution is essential for startups and third-party vendors looking to leverage a new-age risk framework and improve their risk posture. At the same time, enterprises can quickly complete due diligence on third parties and gain SMART Risk Insights on startups and vendors globally.
The OPEN3PRX™ Risk Assessments and Audits solution is an intelligent automation and cost-effective risk management system suitable for any sized organization. This solution helps startups and third-party vendors to improve their risk posture, comply with industry regulations or standards, and fast track their journey to attaining SOC 2 or ISO 27001 certification. Enterprises, on the other hand, can easily access risk assessments or initiate their own assessments using easily customizable risk assessment frameworks, saving time and cost.
Finally, the OPEN3PRX™ ESG and Sustainability solution is essential for companies looking to achieve NET ZERO goals. This solution enables companies to engage third-party vendors and focus on sustainability initiatives that mitigate risks and costs.
Conclusion
ENGAIZ is a trailblazing startup that is transforming the way companies evaluate and manage third-party risks. Through its innovative risk management solutions, ENGAIZ is helping companies to build lasting relationships with third-party vendors and meet the challenges of the digital age. With its focus on sustainability and social responsibility, ENGAIZ is poised to make a significant impact in the business world and beyond.
If you’re a startup or small-mid sized business looking to improve your risk posture and connect with enterprise customers, or an enterprise looking for reliable and trustworthy third-party risk management solutions, then look no further than ENGAIZ and its OPEN3PRX™ framework.
Website: https://www.engaiz.com
Twitter: https://twitter.com/engaizit
LinkedIn: https://ca.linkedin.com/company/engaiz
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