Stop Managing Risk in the Rearview Mirror
In today’s volatile global economy, a check-the-box approach to risk, is no longer enough. Most organisations are trapped in a cycle of reactive firefighting, relying on static annual surveys and fragmented spreadsheets that are outdated the moment they are saved. This creates a dangerous Point-in-Time Blindness, where emerging threats, from financial instability to geopolitical shifts, go undetected until they become full blown crises.
The Intelligence Gap: Why Traditional TPRM Fails
The primary hurdle for modern enterprise resilience is Survey Fatigue. Procurement and Risk teams spend thousands of hours chasing 50-page PDFs, resulting in low quality data and massive administrative bottlenecks. Furthermore, this risk data often sits in siloed GRC tools, invisible to the relationship managers who need it most. This lack of transparency leads to Compliance Anxiety, especially as new mandates like DORA and ESG require a level of precision that manual processes simply cannot provide.
Brooklyn: A System of Intelligence for Risk
Brooklyn Solutions closes this gap by transforming TPRM into a proactive, Continuous Monitoring engine. We replace static forms with Dynamic Risk Ingestion, utilising AI to only ask the questions that matter while simultaneously pulling in real-time signals from global data feeds.
Instead of just logging risks, Brooklyn automates the response. Our platform embeds risk intelligence directly into your daily workflows, triggering Next Best Actions, the moment a risk threshold is breached. This ensures your organisation moves from a state of passive monitoring to Audit-Ready Resilience, where every threat is met with a pre-defined, automated mitigation strategy.
Visibility of your Third Party Risk
Providing the high-level snapshot you need to monitor, manage and mitigate third-party risk. Our dashboard provides a quick overview of your risk profile, active risks, risk ratings and a full log, ensuring you are always informed and on top of your third-party risk management.
Automated Third Party Risk Assessment
Fully digitise TPRM risk assessments and risk management policies. Go further than traditional surveys by composing the next best action(s) tied to any survey question, initiating exactly the right workflow, controls, and measures. Automate alerts of failures, exceptions, and warnings from ongoing risk assessments, to put TPRM at top of mind, during intake and post-contract.
Turn results into clear and concise risk rating reports that bring transparency and control over your risk management function.
Risk Capture in Real-time
Capture risks comprehensively through reviews, surveys, and assessments ensuring third-party risk is not missed. The Risk Register provides an automated log for real-time action tracking, prompting risk owners for necessary steps. Utilise risk scoring to establish mitigation measures aligned with risk policies and secure outsourcing practices.
Audited Third Party Risk Logs
Dynamically analyse and monitor critical risks with outsourced third parties. Assess customer/supplier risk against mitigation plans in real-time. Streamline threat response with automated workflows, facilitating effective communication and action.
External Response Management
Connect with diverse external data feeds and advanced AI for proactive analysis. The platform enhances risk profiles in real-time and integrates seamlessly with platforms like Creditsafe and Dun & Bradstreet for comprehensive risk management.
