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Third Parties: Why You Can No Longer Ignore Risk Convergence
When it comes to supplier management, focusing on a single risk often means exposing yourself to many others.
For a long time, companies have concentrated on financial risks: solvency, credit ratings, payment delays… But recent crises have proven that supplier risks are multiple, systemic, and deeply interconnected. A supplier may be financially sound… yet vulnerable to a cyberattack. A service provider may meet your ESG expectations… while being involved in a corruption scandal abroad. A subcontractor may fulfill all contractual obligations… but still expose you to serious legal risks through their own supply chain.
Welcome to the Era of Risk Convergence
Risks can no longer be managed in silos. They must be analyzed transversally, in a consolidated, aggregated way. This is what we call risk convergence — an approach that gives you a 360° view of each third party, by combining all critical dimensions:
- Financial risk,
- Cybersecurity risk,
- Regulatory compliance (e.g. Sapin 2, Duty of Vigilance…),
- ESG risks (environment, human rights, ethics…).
Reminder
Without this global view, decision-making is fragmented, slow, and often risky. What you need is a solution that brings all this information together in the third-party profile — the most consulted feature in TPRM platforms, used in over 50% of cases right from login.
Aprovall360 Reinvents the Third-Party Profile as a Strategic Risk Convergence Tool
That’s why Aprovall redesigned the third-party profile at the heart of its Aprovall360 platform. Gone are the days of static records: the profile becomes a strategic control cockpit, built for operational decision-makers.
A 360° Third-Party View for Smarter Decision-Making
The new third-party profile centralizes all key data for each external partner:
- Up-to-date critical information (identity, legal status, geographic footprint…),
- Collected documents and supporting evidence, with their validation and compliance levels,
- Automatically generated risk scores (cyber, financial, compliance, ESG…),
- Real-time alerts to anticipate issues and manage action plans,
- And automated collection and analysis of missing documents using AI.
A Smart Cockpit for All Functions
Customizable based on your priorities and role, the third-party profile adapts to the specific needs of Procurement, Legal, IT, Compliance, and ESG teams. Each user accesses a clear, dynamic, action-oriented interface that allows them to:
- Instantly visualize a third party’s overall risk level,
- Identify key red flags or improvement areas,
- Launch the right remediation actions,
- And share consistent, validated information across the organization.
From Data to Governance
With Aprovall360, the third-party profile is no longer just a management tool — it becomes a true governance hub for supplier relationships. It helps you break down silos, align departments around a shared view of risk, and strengthen your company’s resilience in an unpredictable world.
More Speed. More Trust. Less Blind Spots.
By giving you real-time, aggregated insights on third-party risks, Aprovall360 enables you to:
- Eliminate blind spots,
- Detect weak signals early,
- Prioritize your actions,
- And turn regulatory constraints into strategic advantage.
Move to 360° Supplier Risk Management
Don’t settle for monitoring just one type of risk. With Aprovall360, combine financial, cybersecurity, compliance, and ESG data into a shared, actionable third-party profile for all your teams.
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