Third-Party Monitoring: The 80/20 Rule Wins

The increased risk of data breaches and growing regulatory pressure has made third-party monitoring a priority for every company. It used to be that only large companies with lots of people could manage this process. That is no longer an option: even small companies, especially those in sensitive industries like financial services and health care, need to have a minimal 3rd party monitoring program in pace.

Read More

6 Capabilities Key to B2B File Sharing Success

Many companies share files and data with clients and partners daily. Whether you need to share vital financial information with investors, publish metrics to clients, or exchange security documents to satisfy a compliance audit, successful commerce depends on the secure sharing of your files. Not all file-sharing solutions are equal, however. Keep these six capabilities in mind while evaluating what's right for your organization.

Read More

Due Diligence Best Practices

If your job is to conduct due diligence - whether into a real-estate property, an investment fund, or a borrower - then you are well aware of the manual steps that can bog down the process. Long MS Word and Excel questionnaires can be redundant and difficult to manage. Using blank questionnaires with no intelligence require recipients to fill out the same spaces with the same information over and over. Tracking and monitoring the status of multiple requests over email is overwhelming. The list of frustrations goes on and on.

Read More

Value of Automating your Due Diligence Process

Due diligence is a pervasive process in business. Companies conduct due diligence for all kinds of reasons: Investors do due diligence on funds, banks on borrowers, real estate investors on properties and businesses on their vendors. Virtually all due diligence processes include either a questionnaire or a list of requested documents. The size and length of these questionnaires or lists can differ by situation but can often consist of dozens to hundreds of questions and a large number of items.

Read More

Minimize the Pain of the Audit Process

The audit is integral to corporate life. There's the financial audit, the IT audit, the risk audit, the compliance audit, and, of course, the operational audit. There are so many audits, in fact, that most companies are perpetually either auditing or being audited.

Read More

Where File Sharing Systems and Secure Data Rooms Fail

Cloud-based file sharing is a business imperative for exchanging information between companies. Whether you need to share vital financial information with investors, publish metrics to clients, or exchange security documents to satisfy a compliance audit, successful commerce depends on the secure sharing of your files. But secure data rooms with their 'one-sided' orientation and as static data repositories are an incomplete solution.

Read More

Third-Party Risk Management Best Practices

Third-party vendors help improve your customer experience, lower service delivery costs, and let you focus on your core business. But they also introduce risk into your business. Your vendors' infrastructure, security and compliance performance determine your risk exposure.

Read More