TRACE, an anti-bribery standard setting organization, has announced the launch of of TRACEsort, a new tool for the compliance community that allows organizations to rank third parties by risk.

TRACEsort is a customizable online risk assessment tool that helps organizations efficiently and consistently rank third parties by risk. TRACEsort is a key component of the TRACE Anti-Bribery Compliance Solution and is designed to reduce an organization's cost of operational risk management by categorizing third party relationships into an unlimited number of user-identified risk categories and facilitating the rapid implementation of a risk-based due diligence program.

Developed in partnership with leading technology companies, TRACEsort meets the growing need for an efficient, cost-effective way to sort and prioritize due diligence reviews on thousands of third-party intermediaries internationally. TRACEsort provides organizations with a scalable and highly customizable third party risk management system, enabling companies to rapidly and consistently deploy a risk-based due diligence program that concentrates resources on higher risk relationships.

Find more information about TRACEsort here.

Topics