Vendor risk software for secure payments

Protect yourself from being associated with illicit businesses, such as money laundering, terrorist financing, or fraud, by using a platform that meticulously screens and filters out risky entities. Routable queries over 6000 watchlists for evidence of compliance risk.

Verify vendor information upfront to ensure accurate data for tax filing and avert withholding obligations, creating a smooth and compliant tax process.

Consolidate compliance and risk management workflows within Routable. Manage processes in a compliant way, sync with your ERP, and manage payments from one centralized platform, simplifying operations and enhancing productivity.

Routable offers comprehensive compliance features so you can significantly reduce the overhead associated with additional tools, saving you money without compromising compliance standards.

Routable is the only AP automation and vendor management solution that allows customers to easily see which vendors pose a risk and take action either 1-off or in bulk.

Vendor risk management software is a specialized tool that helps organizations mitigate and manage risks associated with their vendors. It provides vendor assessment, monitoring, and performance tracking to ensure compliance and reduce potential vulnerabilities.

The best risk management software depends on each organization's specific needs and requirements. When choosing the right software for vendor risk management, it is important to consider factors such as ease of use, scalability, integration capabilities, and customer support.

The risk matrix for vendors is a visual representation of each vendor's level of risk. It uses a combination of likelihood and impact assessments to categorize vendors into risk levels, such as high, medium, or low. This helps organizations prioritize their risk management efforts and allocate resources effectively.

The 5 examples of risk management include risk avoidance, risk transfer, risk mitigation, risk acceptance, and risk monitoring. These strategies help organizations identify and address potential risks to prevent financial loss and ensure business continuity. Effective risk management is key to maintaining a secure and stable operation.

A TPRM platform, or Third-Party Risk Management platform, is a software solution that allows organizations to assess, monitor, and mitigate risks associated with their vendors. It provides a centralized platform for managing vendor relationships, evaluating their security controls, and ensuring compliance with industry regulations.