Status brings order and logic to the dynamic environment of third-party compliance.
Status software builds a structured framework and ongoing feedback loops. It’s designed to be fluid, wrapping itself around your compliance department’s processes, not vice versa.
Focusing on automation and efficiency, Status is the third-party risk management platform compliance professionals love to use. Built by and for compliance experts, Status integrates all the information for due diligence including onboarding, managing, monitoring and auditing.
Status clients may opt into our i3 program of anonymous due diligence research sharing within their industry. Designed to create efficiencies, a shared library of reports are made available to participating clients with options to purchase updates at reduced rates while rewarding the clients who share reports with credits.
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Status is the only compliance program technology that makes it easy to automate and centralize functions of your compliance program. And because compliance is transformative in nature, Status is continually evolving with changing regulations, technological advancements and client feedback. Features include:
Status, through an easy-to-use interface, helps monitor thousands of companies, per day, ensuring that you learn about significant risks as they rear their ugly heads. Automate, interact with external partners and manage approvals.
Status makes it easy to capture a comprehensive view of risk, all in one place. Effortlessly pull together information from third parties, due diligence, your business units, procurement, compliance and legal.
Status is fluid and adapts to your company’s existing systems and processes. It is integrated into your workflow, your specifications and how you do business. Extremely scalable, Status is purpose-built to support lean or global compliance teams.
Without the need for extensive programming, our robust automation engine can be rolled out quickly. Standardization and automation drive down costs, create new efficiencies and enable your compliance people to be more productive.
Seamlessly integrate Status to the other systems you currently use, including CRM, ERP and vendor management. Our secure APIs instantly sync data across systems, saving countless hours of redundant, manual work.
Order due diligence reports through Status, and have them securely delivered directly to your dashboard. As Blue Umbrella’s research is conducted in-house, any insights discovered are actionable within Status.