No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

Lockpath Partners with RapidRatings to Increase Third-Party Risk Visibility

by Corporate Compliance Insights
August 14, 2018
in GRC Vendor News
Lockpath Partners with RapidRatings to Increase Third-Party Risk Visibility

Technology Integration Will Bring Together Integrated Risk Management and Financial Health Ratings

Overland Park, KS (August 14, 2018) – Lockpath, a leading provider of integrated risk management solutions, today announced a new partnership with RapidRatings, a provider of financial health ratings. This partnership aims to further integrated risk management technology by broadening its scope to provide holistic third-party risk visibility that includes financial health analytics.

The partnership will include a technology integration of RapidRatings’ Financial Health Rating within Lockpath’s Keylight Platform, a governance, integrated risk management and compliance (GRC) solution. This integration will benefit joint customers, who will be able to garner a more complete view of the risk posed to them by vendors, partners, suppliers and third parties in general.

Financial health is the gateway to understanding a vendor or supplier’s underlying strengths and weaknesses and provides a universal benchmark for choosing who to partner with in the short and long term.  The Financial Health Rating’s numeric score, 0-100, depicts a company’s financial viability, operating efficiency, probability of default, and ability to maintain resilient operations during a disruptive event. RapidRatings will provide these important financial insights within Keylight to help customers better manage third-party risk.

“We’re excited to partner with RapidRatings to provide accurate, predictive insight into the financial viability, operating efficiency, and probability of default of companies our customers do business with,” said Chris Caldwell, CEO and co-founder of Lockpath. “Visibility into financial health will help our customers avoid entering into agreements with companies that may fail to deliver on their promises, greatly benefiting their third-party risk management programs.”

Lockpath’s partnership with RapidRatings comes at a time when organizations need to better manage third-party risk. This is largely due to new regulatory requirements and increased pressure from executives.

“Reliance on third-party partners continues to grow, highlighting the need for holistic third-party risk management,” said James Gellert, Chairman & CEO at RapidRatings.  “When it comes to vendors and suppliers, their risk is your risk. Understanding financial health of third and fourth-party vendors and suppliers helps provide greater visibility and control of third-party risk management.”

Lockpath’s award-winning Keylight Platform integrates the full vendor life cycle into daily processes and includes capabilities for information gathering, due diligence investigation, risk assessments, contract negotiation, ongoing monitoring and termination workflows. By centralizing all this information in one user-friendly solution and providing advanced reporting capabilities, Keylight allows organizations to better manage vendor risk and to reduce the risk of non-compliance.

To learn more about Lockpath, visit lockpath.com.

About RapidRatings
RapidRatings® is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings’ Financial Health System. For more information, visit www.rapidratings.com.

About Lockpath
Lockpath is a market leader in corporate governance, risk management, regulatory compliance (GRC) and information security (InfoSec) software. The company’s flexible, scalable and fully integrated suite of applications is used by organizations to manage risk, demonstrate regulatory compliance, and automate business processes — all in order to achieve audit-ready status. Lockpath serves a client base of global organizations ranging from small and midsize companies to Fortune 10 enterprises in more than 15 industries. The company is headquartered in Overland Park, Kansas. For more information on Lockpath and the Keylight Platform, visit lockpath.com. Follow Lockpath on LinkedIn and on Twitter at @Lockpath and @KeylightGRC for the latest in industry, company and product news.


Tags: Third Party Risk Management
Previous Post

State of Internal Audit 2018

Next Post

Leading “Connected”

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

credit score gauge

Sales at All Costs? Unified Credit Risk Management Can Squash Bad Deals Before They Happen

by Matthew Debbage
March 15, 2023

The collapse of a business doesn’t usually happen all at once. There are warning signs. Late payments, legal filings and...

ProcessUnity Unify Third Party Risk and Cybersecurity Whitepaper-f

Unify Third Party Risk & Cybersecurity for Sustainable Resiliency

by Corporate Compliance Insights
March 14, 2023

Align risk reduction efforts by bringing together third-party and cybersecurity functions White Paper Unify Third-Party Risk & Cybersecurity for Sustainable...

risk cliff

Gartner: 84% of Enterprise Risk Management Teams Have Overlooked a Third-Party Issue

by Staff and Wire Reports
February 21, 2023

A staggering eight in 10 executive risk committee members say their organizations have experienced operations disruptions due to a third-party...

thread needle

Regulatory Clarity Is Coming, But Companies Still Need to Thread the Needle on ESG

by Dean Alms
February 15, 2023

A handful of ESG-related regulations are in the works or go into effect in 2023 targeting global supply chains. Despite...

Next Post
Leading “Connected”

Leading “Connected”

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT