Our Product Overview

Businesses are actively engaging suppliers, vendors, and partners to provide products and services to their clients. Each supplier is unique in nature and does not always understand organizational business & regulations expects.

Each supplier goes through onboarding processes, however, not always follows what is being requested. Each supplier goes through due diligence, and assessment, however, does not always complete the due diligence process in a timely manner. Each supplier relation to be maintained to ensure the ongoing business needs are taken care of by supplier.

Our SaaS based software product RxSRM helps to meet the third-party oversight expected by federal agencies like The Office of the Comptroller of the Currency’s (OCC), The Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau (CFPB), and meet the guidelines expected for Financial risks, Operational risks, Information Technology & Security risks, and Legal & Regulatory risks.

BRISC Compliance/Audit/Review

Not meeting the supplier’s compliance possesses huge risks for the business operations. Following is some of the examples for supplier non-compliance

Incomplete supplier’s profile
Expired certificates
Expired documents
Supplier not responsive
Issues in meeting quality requirements
Dependency on supplier’s ability to meet the requirements
Supplier goes out of business
BRISC Third Party Risk Management

How RxSRM helps

  • Provides state of art SaaS based platform to manage suppliers.
  • Buit in Dashboard to view suppliers’ activities.
  • Maintain a complete supplier profile from onboarding through termination.
  • Set Tiers for supplier.
  • Set customized scoring criteria at supplier level.
  • Set and assigned due diligence audit to supplier.
  • Built in pre-defined reports, add custom report as needed.
  • Secure messages in the app.
  • Track the subcontractors for suppliers.
  • Track Contract/SOW effectively.
  • Track supplier service request.
  • Track audit progress.
  • Track suppliers’ payments and invoices.
  • Track incidents for suppliers.
  • Centralize document management using built-in eCabinate.

We are always happy to Help,

Get in touch with us today !