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Smarter Management of
Third-Party Risks

Bring clarity to third-party risk management
with AI-powered insights 

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Testimonials

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I needed a cost-effective transaction monitoring tool which would identify high-risk transactions, flag potential control weaknesses, improve over time through machine learning, reduce the number of false positives reviewed by the compliance team and be user-friendly in terms of configuration and visualization. konaAI delivers on all counts, and I was very pleased with the choice we made.

Amay Sharma
CEO, Unblast 

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Strategic Partnerships

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Data Quality & Observability

Advanced Third-Party Risk Management: Continuous, AI-Driven, and Built for Resilience

Your business is only as secure as your most vulnerable third-party vendor. With nearly half of all data breaches in 2024 involving third parties, the third-party risk landscape is more complex and regulated than ever. We transform third-party risk management with an AI-native, policy-aware architecture that delivers continuous oversight. From onboarding to ongoing monitoring, we provide automation, real-time insights, and actionable intelligence across your third-party vendor ecosystem, helping you embed risk management into the core of your business.


Key Capabilities

AI at the Core

AI at the core
layer

Leverages machine learning and behavioral modeling to surface hidden risk signals in real time

Audit‐Ready, Compliance‐Aligned

Complaint and Audit‑Ready

Supports evolving regulations across industries globally

Scalable, Secure, and Integration‐Ready

Secure and Integration‑Ready

Built on modern architecture with robust API-driven integrations

Real‐Time Risk Visibility

Real‑Time Risk Visibility

Receive instant alerts on cybersecurity threats, compliance gaps, and performance issues.

Proactive Risk Intelligence

Proactive Risk Intelligence

Detect early warning signals with AI‑driven pattern recognition alerts

Automation‐First Efficiency

Automation‑First Efficiency

Reduce manual effort through intelligent workflows and automated risk scoring

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Cyber Advisory & Readiness

Delivering Continuous Oversight & Rapid Response 

Our Third-Party Risk Management platform provides continuous oversight and rapid response across the entire vendor lifecycle. It integrates risk signals from internal systems, external data sources, contracts, and assessments, providing teams with the insights to act quickly, preventing risks from escalating. From onboarding to offboarding, from compliance monitoring to cyber due diligence, the platform enables unified management with reduced manual effort, improving your risk posture. 

Key Capabilities

Vendor 360

Vendor 360

A single, contextual view of each third party—integrating risk scores, contractual obligations, performance metrics, and compliance status for accelerated decision-making

Fraud, Waste, and Abuse Monitoring

Fraud detection

Detect anomalies across vendor transactions and payment flows using behavior-based analytics to protect your bottom line

Anti-Bribery and Corruption Controls

Policy Controls

Identify and flag risky third-party engagements that may violate global anti-corruption laws like FCPA or UKBA, safeguarding your reputation

Contract Compliance & False Claims Detection

Contract Monitoring

Monitor adherence to commercial terms, legal clauses, and billing integrity to prevent false claims and regulatory violations

Cyber Risk Surveillance

Cyber Risk Surveillance

Continuously assess and monitor third-party security posture, leveraging external threat intelligence and internal control mappings to strengthen your security

Regulatory & Performance Monitoring

Compliance Monitoring

Automate compliance tracking across ESG, sanctions, industry regulations, and SLA violations, ensuring continuous adherence

Ready to Transform Your
Third-Party Risk Management? 

Get in Touch

 

Frequently Asked Questions

Is Covasant’s TPRM platform different from GRC or procurement tools?

Yes. Covasant is purpose-built for third-party risk—providing deeper analytics, contextual intelligence, and lifecycle automation that GRC or ERP add-ons cannot offer. 

How quickly can we implement it?

With prebuilt templates and configurable workflows, most customers are live in weeks.

Does the platform support continuous monitoring?

Absolutely. Risk signals are ingested and updated continuously across cyber, compliance, financial, and behavioral domains.

Can it integrate with our existing tools?

Yes. Covasant integrates with procurement systems, ERP platforms, GRC tools, ticketing systems, and external risk feeds.

Is it suitable for global, multi-entity organizations?

Yes. The platform supports complex operating structures, multilingual environments, and regulatory jurisdictions.