Strengthening Data Quality for Better Risk-Based Governance

We’re looking to introduce improvements that help ensure key third-party and contract data stays accurate, complete, and automatically governed.

What this would mean for you
You’d always have a reliable view of whether a third party is truly active, with contract status and end dates consistently monitored and linked together. A third party’s overall risk level would be automatically derived from its underlying contracts (if available) using the highest classification among them, so you no longer need to reconcile this manually. And for high-risk relationships, compliance reports would be more tightly controlled: mandatory validity dates, automated reminders or requests for new reports, and preferably even an AI-powered first check before it reaches your review.

Why it matters
These enhancements reduce manual follow-up, prevent outdated or incomplete data, and give you stronger, more dependable governance, so you can focus on risk decisions rather than administrative tracking.

💬 Would this support the way you manage your third-party risks?