You can’t manage what you can’t measure
The stability of a financial institution relies on the strength of the vendors it selects, and a prudent institution takes the effort to screen its vendors carefully. Only by engaging in a thorough Risk Management review can the institution reasonably assure its customers, regulators, and itself that the risks posed by the vendors are both known and manageable in both scope and severity.
The Odyssey Third-Party Risk Management Framework comes with the intelligence to manage:
In addition to the assessments, the Odyssey Third-Party Risk Management Framework includes the tools to help you make sense of your organization’s risk exposure:
The Odyssey Third-Party Risk Management framework is customizable: if your organization doesn’t want a process, you can eliminate the process from your workflows in minutes. If your best practices go beyond what the others are doing, you can model it in Odyssey and implement it in days. Odyssey simplifies the technical details elegantly, powerfully, and securely. It is that flexible and easy.