Blue Umbrella GRC

Compliance Screening
and Monitoring

The Compliance Screening and Monitoring module from Blue Umbrella GRC will give you access to over 900 global risk, compliance and sanctions lists to identify potential areas of concern and make timely business decisions. Gain additional insight into your business partners to ensure that your organization has a full view of third-party risk. Run a one-time screening on demand or schedule ongoing monitoring on one or all of your third-party partners. 

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Insights for Today,
Plan for Tomorrow.

The Compliance Screening and Monitoring module gives you critical real-time data from key global risk and compliance databases including:

  • Over 900 risk, compliance and sanctions lists
  • OFAC (Office of Foreign Assets Control)
  • PEPs (politically exposed persons)
  • SOE’s (state-owned enterprises)
  • SDN (specially designated nationals)
  • Adverse media
  • Modern Slavery Violators database

View pricing

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Not sure where to start with managing third-party risk?

Don't worry.  We understand it's hard to know where to start.  Check out our handy step-by-step checklist called How to Launch a Third-Party Risk Management Program to get a practical overview.

Download Guide Now

The smarter way to screen and monitor.

Blue Umbrella GRC simplifies the way mid-size companies do screening and monitoring with the following capabilities: 

  • Predictive name matching algorithms

  • Flexible screening frequency

  • Volume data processing 

  • Minimizing false positives

  • Multilingual search capabilities

  • Comprehensive reporting functions

  • Risk level assignments based on matched entities

How it Works

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Add Your Third-Party Vendor Data

No implementation or IT support required! Upload data on your third parties into the centralized interface. Lots of third parties to manage? Use our bulk upload feature.

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Choose Your Service

Highly intuitive to use, the Compliance Screening and Monitoring module makes it easy to either run a one-time compliance database check or schedule an ongoing monitoring report.

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Action the Results

Our real-time, on-demand compliance screening allows you to quickly gain critical insights on your third parties and immediately collaborate with internal stakeholders to remediate any areas of risk. 

Client Relationships Built on Trust

We are proud to support some of the world’s most notable brands.  These two long-standing clients gave us permission to share their logos.

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See Where We Are Featured

We have been featured in these notable publications. If you would like to feature Blue Umbrella in your publication, please feel free to contact us!

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Get a guided tour and see how Blue Umbrella can simplify your GRC processes.

Compliance Screening and Monitoring Module FAQ

  • What are the key features of the Compliance Screening and Monitoring module?
    • Access to a first-in-class database of global sanctions and watchlists, ensuring you can enter business counterparty relationship with confidence
    • Conduct one-time compliance database checks or schedule ongoing monitoring of your third-party relationships
    • Set up a screening environment for smaller populations of third parties, built for middle market companies
    • Integrated workflows to review, manage and remediate identified risks
    • Centralized management of third parties and associated remediation actions and documentation
    • User-friendly interface; quick to set up
    • Centralize data and collaborate internally with ease
  • What is the benefit of using the Compliance Screening and Monitoring module?

    The Compliance Screening and Monitoring module provides organizations with an on-demand or scheduled database check of one of the largest most well-regarded sanction, watchlist, political exposure and derogatory findings databases available. It provides access to over 900 global regulatory compliance databases and directly integrates these critical insights into our easy-to-use interface. This reduces the amount of manual tracking and documentation associated with an offline or manual process.

  • Who should use Blue Umbrella GRC’s Compliance Screening and Monitoring module?

    Blue Umbrella GRC is a modular solution built for mid-size companies. Typically, screening solutions are built for finance and other high risk companies with tens or hundreds of thousands of relationships that need to be covered. Blue Umbrella GRC is specifically designed in smaller, manageable pieces, providing not just access to the data to ensure your organization isn’t dealing with bad actors, but also the workflows to help operate your program. It allows authorized people from all parts of the organization to manage, contribute and collaborate on meeting your organization's compliance requirements.

    These people may include team members from compliance, IT security, legal, privacy and data security as well as subject matter experts from other departments where required.

    Typical roles that use the screening solution include trade compliance, legal, sales operations, procurement, client onboarding, and other roles that safeguard your company from dealing with the wrong companies or individuals.

  • How do I know my organization’s information is safe in Blue Umbrella’s cloud-based software?

    Our customers comprise some of the most well-known Fortune 100 organizations, so we are subjected to the most rigorous penetration testing, physical and software audits and have always passed with flying colors.

  • What information is in the database?

    Blue Umbrella has partnered with a premier provider of data. The database includes millions of records from the world’s most pertinent watchlists like the OFAC SDN, as well as extra research to reduce false positives. The scope of the database is such that it will assist if you are a trade compliance professional ensuring sanction compliance, a legal professional making sure a third party is not a state owned enterprise (SOE), or a procurement professional avoiding dealing with an entity implicated in modern slavery.

    Some of the key categories of findings are as follows: political exposure, enforcement, sanction, state owned enterprise, adverse media.

  • How do I manage the results of ongoing vendor monitoring?

    Compliance Screening and Monitoring users can manage and remediate any identified risks within Blue Umbrella GRC. Review risks, assign them to internal subject matter experts or begin remediation of the identified risks all within the single, centralized solution.

  • The one-time compliance screening revealed some risk areas relating to our third party. Now what?

    Users should review the risks and identify whether your organization has the necessary controls in place to ensure that if the identified risk(s) happens again, you have the necessary process, policies, or procedures in place to remediate.  Additionally, you may consider ordering a due diligence report to give further insights into these identified areas of risk.

  • How often should I monitor my third parties?

    We recommend that organizations synchronize their risk assessment recertification process with quarterly monitoring of their third parties. This ensures that any compliance-related issues that have occurred over the past quarter are reviewed in a timely manner.

  • How long does it take to get started?

    You can be up and running within a few minutes of signing up.  Simply upload your third parties, select the service you want (compliance screening, ongoing monitoring or both) and order.

Get Started Today!

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