Technology Elite Awards 2018

US BUSINESS NEWS / 2018 Technology Elite Awards 23 , ComplyScore by Atlas Systems Company: ComplyScore by Atlas Systems Contact: Farhan Kidwai Website: www.complyscore.com ComplyScore is an innovative GRC solution. Here we profile the firmand its innovative vendor governance offering. ComplyScore Wins Best Multi- Sector Vendor Risk Management Solution Award ComplyScore is an end-to-end offering for vendor risk and IT Security Compliance. An analysis of the vendor risk offering is presented here. ComplyScore has solved challenges for multi-nationals and mid-sized firms across financial services, healthcare and life sciences space, and today it is used across more than 65 countries. Vendor governance is a multi- faceted problem. The challenges can be as simple as sending and receiving questionnaires to as complex as collating the digital footprint of vendors and creating a risk score. Amongst the multiple offerings in this space, ComplyScore is the only offering with solution to address all these challenges. The vendor life cycle management solution is particularly innovative. Given the fact that it is completely rules based, a significant level of automation can be achieved. In multiple companies it is used across the enterprise. Once business users enter the profile of the vendor, the right assessments with only the relevant content are triggered and assigned to the right individuals. In addition, system creates the relevant due diligence tasks as well as contract terms, all of which is very compelling. The solution provides a seamless experience from distribution of questionnaire to management of mitigation tasks. Its end to end collaborative. Whether it is clarifications or getting commitment from the vendors on mitigation tasks, the chat modelled interface makes the process intuitive. For companies that are seeking a managed service, ComplyScore leverages the expertise of its diverse team of highly qualified analysts. The managed service covers questionnaire distribution to review of answers to tracking and managing of the mitigation tasks. Not only does this amplify the productivity of their clients’ overall organization, but it also cuts costs considerably. Additionally, ComplyScore offers a CyberScore functionality. This cost-effective solution scans the online footprint of the vendors and collates a score based on observation. This score can be used periodically to monitor the vendor or can be used along with the managed service. Overall, ComplyScore has addressed each facet of the multi-dimensional vendor risk and governance challenge. ComplyScore is part of Atlas Systems, whose mission is to deliver strategic software solutions and services that make their clients’ business successful by providing competitive advantages in innovation, reliability and time to market that have positive impact on bottom lines. Nov18725