It’s almost 2023. Do you know where your risks are?

At TRACE, we know that identifying vulnerabilities within your value chain is critical as you plan and budget for 2023. That’s why this month, we’ve been focusing on organization-wide risk assessment.

Based on member input, we’ve developed the TRACE Risk Assessment & Management System (TRAMS), a secure tool that can be easily deployed on your company’s intranet. TRAMS is included with TRACE membership at no additional cost and can save you time, internal resources and budget. TRAMS allows you to:

• input, consolidate and assess information about bribery risks, third party risks and other potential vulnerabilities, as well as controls, all in one place;
• establish a risk assessment framework and methodology using our built-in templates, or customize to meet your specific needs;
• seamlessly import/export data to streamline your recordkeeping process; and
• organize by region, division or subsidiary, extending use of the system across your enterprise.