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Phinity Integrated Risk Management Review

3

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Very good

Revainrating 4.5 out of 5  
Rating 
4.3
Security, Risk Assessment

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Description of Phinity Integrated Risk Management

PHINITY RISK SOLUTIONS (Pty) Ltd creates simple and sustainable solutions to address the complexity of business and compliance risk. Triplicity, from Phinity Risk Solutions, simplifies third party risk management.Third Party Risk management require assurances that third party vendor risk is being assessed, managed or monitored appropriately.

Reviews

Global ratings 3
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Type of review

Revainrating 4 out of 5

Risk Management Solution For All Business Needs

The ease of use, it's flexible architecture. Also, the capability to work independently.The support is excellent. It's also very expensive. I would like more cost effective solution.It's great risk management tool. I can track, identify & monitor third party vendor risk. Also, I can perform my transaction risk analysis. It's integrated with other systems that I would like to use. I like how easy it was to add vendors for our company's needs. The ability to have multiple accounts within one…

Pros
  • Easy interface
  • Has builtin templates making data input simple.
  • Can view up close or zoomed out as needed
  • Saves time by not having many duplicate entries/practices at once anymore; only enter something new if necessary which eases workloads tremendously!

Revainrating 5 out of 5

Reviewing compliance across multiple organizations

I like how it presents all of my third party vendors in one place. It makes it easy to see if they are compliant with current regulatory requirements. The implementation was delayed for quite some time. My organization has many different departments that use Phinity. There were times during the implementation where we had to go in and manually add new third parties. This can be easily solved by using a custom module. It is great that they have a mobile app as well. I needed an overview of all…

Pros
  • Easy way organize vendor relationships
  • Customer service
  • Mobile App access (iOS version)Cons : Implementation took too long 5 months from initial contact until fully implemented
Cons
  • Some difficulties

Revainrating 4 out of 5

This is one useful application that saves lot

The tool has a user friendly interface which helps in data entry for various applications with ease and accuracy.The tool provides us complete insight about our risks along with their mitigation measures in an easy way by generating various reports automatically at regular intervals as per need. I have no dislikes regarding this software so far. It does what it promises i.e., provide the required information to its end users in a very efficient manner without any hindrance. We can use this tool

Pros
  • Its ability is great when compared against other tools available.
  • Easy navigation across different modules within one platform makes life simple while working through multiple projects simultaneously or even individually if desired
  • A good number options that come up once you click "Search" button make search easier than ever before!! :)
Cons
  • Nothing comes close yet but still hope something may be added later