Platform
Manage the risk your suppliers and partners introduce
Third parties are one of the most common sources of unmanaged risk in any organisation. Norrsent gives you a structured approach to third-party risk — from initial due diligence through ongoing monitoring and contract renewal.
How it works
Onboard
Run structured due diligence assessments with configurable questionnaires, document requests, and approval workflows. Evidence is retained and audit-trailed from day one.
Assess
Score each third party against your risk criteria. Tier suppliers by criticality and exposure, and link identified risks to your enterprise risk register.
Monitor
Configure risk indicators for each supplier and receive automated alerts when risk posture changes. Stay ahead of disruption before it materialises.
Key capabilities
Supplier risk profiles
Maintain detailed risk profiles for every third party — including criticality tier, exposure assessment, control status, and associated risks. Accessible across teams with consistent scoring and ownership.
Due diligence workflows
Run structured onboarding assessments with configurable questionnaires, document requests, and multi-step approval workflows. All evidence is retained with a full audit trail.
Risk tiering and prioritisation
Classify third parties by criticality and risk exposure. Norrsent ensures your highest-risk suppliers receive the most intensive monitoring, freeing teams from low-value manual effort.
Continuous risk monitoring
Configure risk indicators for each supplier and receive automated alerts when risk posture changes — before a disruption occurs. Monitor financial health, compliance status, and operational indicators in one place.
Contract and renewal management
Link supplier contracts to their risk profiles and receive advance notice of renewals, assessment deadlines, and contractual risk milestones. Nothing expires unnoticed.
Audit-ready third-party records
Every supplier interaction — assessments, approvals, risk updates, contract changes — is logged with an immutable audit trail. Regulatory inspections and internal audits are covered.
Get started
See how Third-party Risk works in Norrsent