Archer Third Party Engagement
Archer Third Party Engagement allows you to catalog the products and services being delivered to your organization by third parties. It also allows you to associate product and service engagements to the business process and business units they support, giving you a holistic understanding of your dependency on each third party.
On this page
Benefits of Third Party Engagement Use Case
You can establish accountability for engagements, perform inherent risk assessments across multiple risk categories, catalog and assess the adequacy of insurance for each supplier, evaluate the financial viability of each third party, and roll up engagement risk assessments to the third party delivering the engagement. This provides you with an understanding of the overall inherent risk associated with each third-party relationship.
For the key features and benefits of this use case, see the Data Sheet on the Archer Community: https://www.archerirm.community/t5/solution-use-case-overviews/archer-solutions-amp-use-cases/ba-p/572564
How Third Party Engagement fits into a risk and compliance program
Third Party Engagement is a use case in the Third Party Governance solution area. The following section describes the use cases that Third Party Engagement requires as a prerequisite and which use cases you can upgrade to as your third party governance program matures.
Prerequisite and next use cases
Prerequisites |
What you have |
What's next |
---|---|---|
Third Party Catalog
|
Third Party Engagement
|
Third Party Risk Management
Third Party Governance
|
Get started
- Read more about the use case architecture
- Learn how the use case works
- Install and set up the use case
- What's new in this release