INTEGRATED
RISK MANAGEMENT (IRM)

Organizations invest substantial funds and resources into Integrated Risk Management solutions and programs, yet they do not always achieve the anticipated benefits and efficiencies. The tool is frequently faulted, but more often than not, the real issue is a deficiency in design and process that hinders organizations from effectively utilizing technology. Before deciding to start from scratch and acquire a new Risk and Compliance solution, consider taking a holistic look at your current setup.

We can offer comprehensive and actionable advice to refine your existing program and technology. Our extensive experience in diagnosing issues within current programs and solutions, and then guiding clients through necessary adjustments, has consistently led to achieving the originally sought-after benefits.

Selecting the right vendor for your organization can be both time-consuming and perplexing. How do you choose the right one when so many appear to say all the right things, sounding like the perfect fit during the selection process?

Our role is to help you distinguish between vaporware and reality, ensuring vendors remain accountable for their RFP responses. We assist in identifying and focusing on what truly matters for your business, cutting through the sales messaging and product information provided by vendors. With years of experience, we've guided numerous clients through this intricate process, finding the technology solution and vendor partner that best aligns with the unique needs of their organization.

Organizations often invest substantial funds and resources into Integrated Risk Management solutions and programs, only to find themselves not achieving the expected benefits and efficiencies. While it's easy to point fingers at the tool, the real issue frequently lies in a lack of proper design and processes, hindering effective technology utilization. Before considering a fresh start with a new Risk and Compliance solution, it's crucial to take a comprehensive look at your existing setup.

Our approach involves providing detailed and actionable advice to enhance your current program and technology. With a proven track record of diagnosing issues in existing programs and solutions, we assist our clients in implementing the necessary adjustments to fulfill their initial objectives.

Implementing an IRM solution is more than just configuring a software product. Simply purchasing a tool and jumping straight into its configuration seldom leads to success.

We regard technology as an enabler for your processes and a means to achieve your objectives. Bearing this in mind, an essential aspect of our comprehensive approach to implementation involves ensuring there is a clear comprehension of the future state processes and leadership goals that the technology will support. We utilize this understanding throughout the implementation journey to tailor the configuration and deployment efforts specifically for your organization.

Regulatory Change Management frequently presents itself as a formidable adversary for many organizations. Often, changes are communicated from a plethora of regulatory bodies, flooding you with copious information. Yet, deciphering the relevance and application of these changes to your organization remains a perplexing challenge.

In response, we developed Triton, a sophisticated automated solution designed to streamline the Regulatory Change Management process. Triton proficiently sifts through the deluge, pinpointing the changes and regulatory sources that are pertinent to your organization. It identifies where your organization is impacted and delineates the implementation strategy.

As a subscription service, Triton efficiently delivers tailored regulatory change information directly to your organization, integrating seamlessly with your IRM or GRC tool.

Businesses have evolved beyond being solitary entities; they're now intricately woven into a network of relationships, distribution channels, and vendors. This interconnectedness enables you to leverage external partnerships to augment your business capabilities and broaden your market reach. Collaborating with third parties can lead to cost savings and enhanced service delivery, but it also escalates the risks and compliance responsibilities associated with these external relationships. Navigating this landscape is a double-edged sword that could either boost your business or become its Achilles' heel.

Vistrada's holistic approach to Third-Party Risk Management (TPRM) streamlines the effectiveness of your TPRM program by focusing on the prioritization and monitoring of key third-party connections. With Vistrada, you're equipped to establish a TPRM strategy that addresses your unique risk and regulatory requirements, all while seamlessly integrating with your existing procurement workflows.