The Ethixbase APRI

ETHIXBASE360 ADVANCED PERCEIVED RISK & RESILIENCE INDICATORS

A new innovative third-party compliance tool that gathers data across multiple sources to offer an overarching view of potential risks a third-party may present to your organisation. Quickly assess 100% of your third parties in order to be able to filter based on risk thresholds specific to your business - so you can focus on those that require further due diligence, training, compliance, scrutiny or improvement.

Overview

The Advanced Perceived Risk and Resilience Indicators (APRI) gather data from multiple sources to offer an overarching view of the potential risks a third-party may present to your organisation across selected risk themes.

By analysing both the perceived risk and resilience of a third party, the APRI supports a risk-based approach to third-party due diligence. Keyword prevalence (influenced by sentiment analysis) is scored against carefully curated control groups to place a third party's perceived risk and resilience from publicly available sources in relation to its peers.

This allows you to quickly assess all third parties within your value chain, then filter based on risk thresholds specific to their exposure in order to isolate those who may require further scrutiny or help to improve. This may include, but is not limited to, higher levels of due diligence, specific third-party questionnaires, training or policy attestations.

At a glance

• An efficient method to assess and rate all third parties within your value chain.
• Repeat APRIs as needed to track any changes to risk and resilience scores, including improvement over time.
• Subscribe only to the risk areas relevant to your businesses’ compliance needs.
• Access market leading risk specific escalation tools within the Ethixbase 360 platform when further scrutiny is required.
• Store 100% of third parties in a configurable SaaS platform with a comprehensive roadmap that
• Configure risk banding based on your businesses own risk appetite or default to Ethixbase’s carefully tested thresholds. allows you to grow your access based on business needs.