Hiperos is a third-party risk management platform that helps organizations manage and mitigate risks associated with their suppliers, contractors, and other third-party entities. It offers various functionalities to achieve this, including:
- Supplier Onboarding: Hiperos facilitates the onboarding of suppliers and third-party entities by collecting and validating important information such as financial data, compliance documents, and more.
- Due Diligence: The platform performs due diligence checks on third parties to assess their compliance with regulations, industry standards, and internal policies.
- Risk Assessment: It allows organizations to assess and categorize the risk associated with different third-party relationships, enabling them to prioritize risk mitigation efforts.
- Compliance Monitoring: Hiperos continuously monitors third-party compliance and regulatory changes, providing alerts and reports on any issues or non-compliance.
- Contract Management: It helps manage contracts and agreements with third parties, ensuring that they align with the organization’s requirements and standards.
- Audit and Assessment: The platform supports audit and assessment processes to evaluate third-party performance, security, and adherence to contractual obligations.
- Workflow Automation: Hiperos enables the automation of workflows for risk assessments, compliance checks, and other processes, streamlining the management of third-party relationships.
- Reporting and Analytics: It provides reporting and analytics tools to help organizations gain insights into their third-party risk management activities and make informed decisions.
- Security and Data Protection: Hiperos prioritizes data security and protection, including features to secure sensitive information and ensure compliance with data privacy regulations.
- Scalability: The platform is designed to accommodate organizations of varying sizes and industries, making it scalable to meet their specific needs.
Overall, Hiperos assists businesses in identifying, assessing, and managing risks associated with their third-party relationships, helping them maintain compliance, reduce potential liabilities, and enhance overall risk management practices.