SHORT HILLS, NJ and MORRIS PLAINS NJ. October 1, 2020
Dun & Bradstreet Corporation (DNB), a leader in providing commercial data, analytics, and insights for businesses is partnering with DoubleCheck Software a leader of Governance, Risk Management, and Compliance (GRC) software solutions, to deliver a new Third Party Risk Management (TPRM) solution.
DoubleCheck has created a turnkey third-party risk management solution that offers businesses an easy to use, cost effective means of understanding and managing their third-party risk. DoubleCheck TPRM now offers integration points into D&B Direct 2.0 live business to identify information linked to financial performance for over 370 million business entities globally.
The DoubleCheck TPRM (Third Party Risk Management) supports a high-level risk assessment process and guides the firm to access relevant evidence based on criticality and risk factors, including key D&B data. The user will thus be able to license content from D&B to gain access to D&B Direct 2.0. Process management features assure appropriate people see and review relevant data. Reporting tools produce clear and demonstrative real-time dashboards and scorecards, making it straightforward to understand and communicate status and necessary actions.
In today’s world, it is essential for firms to understand their risks in using a third party – what happens if they can’t perform? What data do they have access to? Do they adequately protect that data? This solution provides firms the tools and functions essential to demonstrating they are performing necessary diligence with third parties.
“Every firm needs to understand their risk when doing business with a third party – not just when getting started, but on an ongoing basis,” says Joseph Cincotta, CEO and President of DoubleCheck. “This understanding comes from a well-organized risk management process, supported by facts, with the special insights from D&B data. Our partnership makes this a reality in an easy to buy, easy to use way.”
About DoubleCheck Software
DoubleCheck’s vision is to deliver software that is use case specific, agile and scalable to provide a future proof solution. The DoubleCheck GRC and Audit platform can automate and unify on a single platform an organization’s governance, risk management, and audit activities. This includes key requirements such as Sarbanes-Oxley compliance, corporate governance, risk and audit management and other significant internal control frameworks. Superior software usability allows risk managers to configure by use case roles, integrate with BI analytics, create visualizations and provide leadership reports to support business objectives. www.doublechecksoftware.com
About Dun and Bradstreet
Dun & Bradstreet helps clients and partners accelerate growth and improve their business performance through the power of data and analytics. Our employees around the world are dedicated to this unique purpose, and we are guided by important values that make us the established leader in business decision data and analytical insights. Our data & insights are valuable at all phases of a business lifecycle and whatever the economic environment. www.dnb.com