Levelpath

Quick Overview

Levelpath has launched a Third-Party Risk Management feature that gives procurement, legal, risk, compliance, finance, and IT teams a central hub for supplier oversight. Risk signals are captured during onboarding, connected across sourcing and contracts, and monitored with governance workflows and real-time alerts. Teams gain a 360° view of supplier exposure, making it easier to prevent disruption and act with confidence.

_{Demo of Levelpath's Third-Party Risk Module}

‍

Key Features of Levelpath’s Third-Party Risk Management

Levelpath’s Third-Party Risk Management delivers supplier oversight by embedding intake, integration, and monitoring into every stage of procurement. Each capability works together to give teams structured visibility and control over supplier exposure.

Intake and Categorization

During supplier onboarding, Levelpath collects financials, certifications, competitor ecosystem data, and product attributes, then maps this data to standardized categories. In sourcing events, Levelpath can collect risk factors from data privacy, information security, legal, and other relevant operational reviews. As contracts are reviewed and executed, Levelpath gathers additional risk factors regarding NDA status, renewals, terminations, payment terms, obligations, SLAs, and other contractual risks. This creates a foundation for segmentation across financial, operational, compliance, and strategic dimensions.

Risk records store identifiers, ownership, and links to suppliers, contracts, and sourcing events.
Supplier segmentation classifies vendors by spend, criticality, and contractual status, with custom labels for deeper scrutiny.
Risk categories and scores apply quantitative and qualitative inputs, plus external data feeds, to track exposure across domains.

Integration Across Procurement

Risk intelligence is connected directly to sourcing projects, contracts, and supplier profiles, giving teams a complete picture of exposure.

Lineage across sourcing, contracts, and supplier profiles shows how risks influence awards and where contractual protections apply.
Dashboards and analytics provide portfolio-wide visibility with saved views and reporting.
Audit trails and evidence repositories support compliance with documented decisions and assessments.

Governance and Monitoring

Governance workflows ensure risk is managed consistently, while real-time monitoring keeps teams ahead of disruption.

Risk mitigation and workflow include action plans, approvals, and role-based escalation.
Monitoring and alerts detect issues such as financial instability, cybersecurity threats, or compliance concerns.
Enterprise integrations connect risk data across sourcing, supplier, and contract systems.
Mobile access enables on-the-go visibility and approvals for stakeholders, allowing the business to stay ahead of risk.

Why Levelpath’s Third-Party Risk Management Matters

Levelpath’s Third-Party Risk Management matters because it gives organizations a connected, proactive way to identify and mitigate supplier risks before they disrupt the business. By embedding risk visibility into procurement workflows, teams can move faster without sacrificing oversight.

Traditional approaches scatter information across spreadsheets, emails, and siloed systems, making it nearly impossible to see a complete picture. That slows down procurement, leaves compliance checks inconsistent, and often forces teams into reactive firefighting when issues emerge.

With Levelpath, risk intelligence is built into the flow of work. Supplier onboarding, sourcing events, contracts, and ongoing monitoring all contribute to a single, structured view of exposure. Dashboards and alerts give executives real-time visibility, while governance workflows provide the documented evidence needed for audits.

This approach not only reduces compliance overhead but also strengthens procurement’s role as a strategic partner. By connecting risk management to sourcing and contracting decisions, Levelpath helps enterprises build resilient supply chains, prevent wasted effort on unqualified vendors, and operate with confidence in a fast-changing environment.