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Harmony in 3rd Party Assurance

An integrated system for managing third party risk.
It quantifies potential risk, actual operational and/or technical risk, and provides an environment for mitigating risk.

A feature-rich software environment that is simple and intuitive to use, Harmony is packed with practical features that automate workflows and put handy tools at your fingertips. It makes managing supplier risk easy.

It provides all the processes that allow you to develop risk assessments of external third party suppliers, identify information security weaknesses or policy breaches and address future threats and changes in the risk environment.

Harmony’s third party supplier controls assurance identifies high risk suppliers. It delivers processes and efficiencies, with particular focus on risk and controls assurance. Providing reliable, valued assurance over the effectiveness of supplier controls, Harmony enhances the controls culture across your organisation.

Harmony focuses around risky third party vendors and supports control reviews following significant risk events, incidents or change activity associated with suppliers. It follows through with recommendations for improvement.

Go to separate Harmony3PA website

Harmony GRC

An integrated system for compliance.

A feature-rich software environment that is simple and intuitive to use, Harmony is packed with practical features that automate workflows and put handy tools at your fingertips. It makes managing compliance easy.

It provides all the processes that allow you to develop compliance strategies, identify information security weaknesses or policy breaches and address future threats and changes in the risk environment.

Harmony’s control environment identifies high risk areas. It delivers processes and efficiencies, with particular focus on risk and controls assurance. Providing reliable, valued assurance over the effectiveness of controls, Harmony enhances the controls culture across your organisation.

Harmony focuses around risky control areas and supports control reviews following significant risk events, incidents or change activity associated with suppliers. It follows through with recommendations for improvement.

Harmony supports ISO 27001, PCI, SOX, and many others standards, as well as internal and customised standards and policies.

Go to separate HarmonyGRC website

Harmony allows suppliers to register, respond to triage questions, access controls, address remedial actions and mitigate risk.
Some of Harmony’s features are:

Triage – Harmony captures ‘potential risk’ by triaging your suppliers into high, medium or low categories so that you can process them in a logical sequence.

CEO View – When you login to Harmony, the first thing you see is a summarised view capturing holistic data of all suppliers’ risk. From there, you can either drill down to the supplier view and see summarised information of each supplier, or search for a specific supplier and see detailed risk information.

Drill Down – From summarised risk data you can drill into the control responses of any supplier and see in detail exactly where the risk was. Also, you may view any ‘remedial actions’ that have been raised against a supplier and track the status of each one.

‘Framework Tags’ – Framework tags can be used to create categories of suppliers. For example, if you set up a ‘tag’ for business owners, you can allow business owners to view their own suppliers, but no others.

Heat Map – The heat map allows suppliers to be viewed by risk category. Both the supplier summary and risk summary can also be filtered by risk and triage ratings.

Graphical Reports – Comprehensive graphical reports show detailed views of suppliers / risk / risk removed / remedial actions raised and much more.

Document Vault – Harmony includes a document vault for storing project documents and any control related guidance.

Audit Trail – Harmony boasts audit trails at every level – from controls and remedial actions, through to system status changes.

Flexible user and role-based features – Comprehensive audit trail which makes proving due diligence a straightforward matter. Unique auditor role which allows the administrator to permit on-site or off-site auditor access.

‘My Harmony’ – A feature which allows users to focus specifically on their responsibilities and to see and act, in real-time, according to what matters to them. Includes highly specific, individually configurable user roles, permissions and access rights.

 

When you need an outstanding, scalable, third party assurance solution, contact our professional, friendly service team with your questions.

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