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Risk Assessment
Atlas systematically evaluates and classifies vendors based on risk, from critical to non-critical). We take into account everything from financial and operational risks to compliance and cybersecurity – even reputational factors. We establish a vendor’s financial stability, security profile, and regulatory status before engagement -- ensuring proper contracts and service-level agreements (SLAs) are in place.
Key Benefits:
- Delivers early detection of potential issues
- Streamlines risk identification processes
- Allows comfortable start to vendor relationships
Onboarding
Atlas keeps your data and systems safe by implementing a disciplined vendor onboarding and due diligence process. This includes sharing organization-specific policies and expectations with the vendor; providing necessary access to tools, systems, or data while ensuring access controls are in place; and aligning the vendor’s workflows with your processes.
Key Benefits:
- Assures smooth vendor integration into your systems
- Creates systematic approach that yields efficiency and security
- Clarifies vendor’s role in your processes
Risk Mitigation
Atlas minimizes or manages identified risks through due diligence, evaluating contracts and SLAs; limiting the third party's access to sensitive systems or data; and ensuring that third parties adhere to industry security standards. Atlas takes a focused approach to contingency planning for vendor disruptions (e.g., exit strategies, alternate suppliers) and implements clear communication protocols for incident reporting and escalation.
Key Benefits:
- Reduces risk of financial, operational, legal, and reputational harm
- Ensures compliance with industry standards and regulations
- Enhances stakeholder trust by safeguarding organizational assets
Ongoing Monitoring
Atlas tracks vendor performance against agreed metrics and SLAs throughout the relationship. This ensures that vendors, suppliers, or partners continue to meet your risk and performance expectations. Regular audits, assessments, or reviews ensure that vendors maintain compliance and deliver value.
Key Benefits:
- Allows internal teams to focus on essential tasks without worry
- Prevents compliance slippage
- Confirms alignment on goals and performance
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