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Introducing Enlighta Spice - TPRM and Vendor Management
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Intelligent Third-Party Risk Management

Assess, monitor, and mitigate third-party risk—continuously and collaboratively—across multiple risk domains and throughout the third-party lifecycle.

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Identify and Minimize Risk Across Vendor Lifecycle

Assess, monitor, and mitigate third-party and vendor risk across multiple risk domains—continuously and collaboratively—across the lifecycle.

Simplify Segmentation

Optimize your ongoing risk monitoring efforts based on materiality and criticality of each third-party. Compare third-parties based on initial risk and residual risk scores by launching preliminary assessments with a click and automatically segmenting your suppliers into Risk Tiers based on your custom scoring criteria.

Accelerate Third-Party Due Diligence

Build secure partnerships, faster. Screen for global sanctions and PEPs with a click. Launch exhaustive built-in and customizable due diligence questionnaires (DDQs) covering InfoSec, technology, operations, anti-bribery and corruption (ABAC), financials, and more. Automate control tasks. Gather and review evidence internally and track and mitigate risks collaboratively with third-parties on a single platform.

Manage Third-Parties
Effortlessly

Consolidate third-party data and gain a 360° view with Vendor Portal. Create comprehensive Vendor/Third-Party Profiles capturing contracts, contacts, financials, subcontractors , sites, and more. Aggregate and enrich each profile with financial metrics, ESG data, market data, newsfeeds and market data by integrating with external data sources.

Streamline Contract Risk Management

Gain complete visibility and control over your entire contract portfolio with a centralized contract hub. Import existing contracts, auto-extract key dates, terms and clauses and minimize contractual vulnerabilities by comparing against a repository of pre-vetted clauses. Accelerate contract finalization via collaborative review and approval workflows. Avoid risk of non-compliance via automatic reminders of expiry and renewals.

Real-time Adverse Events Monitoring

Anticipate and address risk before it materializes. Spice AI continuously scans news and regulatory databases to intelligently assess risk criticality and alert you about potential risk from third-party-specific adverse events like data breaches, bad press, legal issues, geopolitics, natural disasters, and more.

Performance (SLAs and KPIs)
Risk

Continuously optimize ROI from your third-parties and ensure operational excellence. Track SLAs & KPIs, streamline monthly reporting, and easily identify performance risk and improvement areas for every vendor with auto-generated SLA Scorecards.

Governance & Compliance Monitoring

Monitor contractual deliverables and obligations (D&Os) and approvals with ease. Schedule business reviews, track action items, and resolve issues efficiently. Ensure compliance and achieve governance goals.

Simplify Segmentation

Optimize your ongoing risk monitoring efforts based on materiality and criticality of each third-party. Compare third-parties based on initial risk and residual risk scores by launching preliminary assessments with a click and automatically segmenting your suppliers into Risk Tiers based on your custom scoring criteria.

Accelerate Third-Party Due Diligence

Build secure partnerships, faster. Screen for global sanctions and PEPs with a click. Launch exhaustive built-in and customizable due diligence questionnaires (DDQs) covering InfoSec, technology, operations, anti-bribery and corruption (ABAC), financials, and more. Automate control tasks. Gather and review evidence internally and track and mitigate risks collaboratively with third-parties on a single platform.

Manage Third-Parties
Effortlessly

Consolidate third-party data and gain a 360° view with Vendor Portal. Create comprehensive Vendor/Third-Party Profiles capturing contracts, contacts, financials, subcontractors , sites, and more. Aggregate and enrich each profile with financial metrics, ESG data, market data, newsfeeds and market data by integrating with external data sources.

Streamline Contract Risk Management

Gain complete visibility and control over your entire contract portfolio with a centralized contract hub. Import existing contracts, auto-extract key dates, terms and clauses and minimize contractual vulnerabilities by comparing against a repository of pre-vetted clauses. Accelerate contract finalization via collaborative review and approval workflows. Avoid risk of non-compliance via automatic reminders of expiry and renewals.

Real-time Adverse Events Monitoring

Anticipate and address risk before it materializes. Spice AI continuously scans news and regulatory databases to intelligently assess risk criticality and alert you about potential risk from third-party-specific adverse events like data breaches, bad press, legal issues, geopolitics, natural disasters, and more.

Performance (SLAs and KPIs)
Risk

Continuously optimize ROI from your third-parties and ensure operational excellence. Track SLAs & KPIs, streamline monthly reporting, and easily identify performance risk and improvement areas for every vendor with auto-generated SLA Scorecards.

Governance & Compliance Monitoring

Monitor contractual deliverables and obligations (D&Os) and approvals with ease. Schedule business reviews, track action items, and resolve issues efficiently. Ensure compliance and achieve governance goals.

Why Enlighta Spice for Third-Party Risk Management

Unified

Streamline onboarding, contracting, performance, compliance, and risk monitoring and management with one platform.

Adaptable

Tailor everything from assessments to workflows without code and integrate internal and external data feeds and systems with Enlighta Spice.

AI-Powered

Leverage advanced machine learning rules and NLP to automate contract identification and generation as well as clause extraction, analysis, and updates.

Secure

End-to-end encryption, standalone application deployments, and regular vulnerability assessments guarantee your data’s security.

Resilient

Automated backups, high availability, and uptime SLAs ensure consistent performance and uninterrupted reliability for you and your third-parties.

Scalable

Start small and scale to thousands of vendors, contracts, and users with our modular platform and flexible subscription plans.

Ready to get started?

See how Enlighta Spice can supercharge your vendor risk, relationship, performance, and compliance management.