For Immediate Release
London, August 29, 2017 – Opus, the leading provider of global compliance and risk management solutions, has been shortlisted for Risk Management Product of the Year for its third-party risk management solution Hiperos 3PM.
As the trend for outsourcing continues, 74% of companies report to have experienced at least one third-party related risk incident in the last three years. Regulation governing the management of third party risk has increased, and regulators have made it clear that organisations are fully accountable for the actions of their third parties. To protect themselves, organisations must comprehensively identify, assess and monitor all vendor and outsourcing relationships for a range of risks including information security, bribery and corruption, and financial viability.
“Hiperos 3PM disrupts the traditional, and largely manual, methods used in third-party management, providing customers with automated and data-driven workflows that drive efficiency while reducing risk,” said Ben Gould, Managing Director, EMEA & APAC at Opus. “The SaaS solution enables effective onboarding and continuous monitoring of third parties throughout the life of the relationship with an organisation.”
Launched in 2007, and acquired by Opus in 2014, Hiperos 3PM has a global client base across multiple sectors. These include Santander, AXA, PayPal, Microsoft, AstraZeneca, BNP Paribas and Metro Bank.
Now into their 8th year, the Risk Management Awards recognise those individuals, organisations and teams that have significantly added to the understanding and practice of risk management. Judged by an independent panel of experts for exceptional performance, the awards provide an opportunity for organisations and individuals to showcase their best products, projects and people. This year’s winners will be announced at the Risk Management Awards Gala Dinner & Ceremony on 9 November 2017 at the Millennium Hotel London Mayfair.
To learn more about Hiperos 3PM and all of Opus’s solutions, please visit https://www.opus.com/products/hiperos-3pm/
US: Diana Alickaj / UK: Francesca Bliss
Tel: +1 646-595-6300/ +44 (0)20 7426 9400