This article describes how you can activate and use Graydon Creditsafe data on the 3rdRisk platform. To activate Graydon Creditsafe, you need to have a valid subscription. Please contact us if you want to know more about the subscription models.
The Graydon Creditsafe integration offers several benefits for your TPRM process:
3rdRisk platform users with admin rights can activate Graydon Creditsafe in the Integration section.
1. Go to the Integrations page
2. Go to the External ratings tab
3. Go to the Graydon Creditsafe section
4. Insert the provided Graydon Creditsafe username and password
5. Press the Save button.
After activating Graydon Creditsafe within the 3rdRisk platform, you have to decide which third parties you want to put under monitoring. This usually depends on the number of third-parties that you can monitor within your Graydon Creditsafe subscription. You can enable or disable monitoring of a third-party in the third-party catalogue.
1. Go to Third-parties and then Catalogue
2. Click Edit third-party in the actions column
3. Scroll down to Integrations and click on the search icon
4. Select the right entity that you want to monitor by Graydon Creditsafe
5. Press Save selected company
In the Catalogue an additional column "Financial credit rating" will be added showing the financial credit rating of the third-parties that you have put under monitoring.
The 3rdRisk Graydon Creditsafe integration gives you real-time insight into the financial credit level of your third parties.
Graydon Creditsafe ratings in third-party catalogue
In the third-party catalogue, you will see the Graydon Creditsafe ratings of the third parties that you have put under monitoring. When you hover over the rating, you will see a pop-up with a brief explanation of the rating.
Alerts and notifications
When the Graydon Creditsafe rating drops, you will get an instant notification by the platform's virtual officer. There are two related alerts:
In both situations, the virtual officer will ask you if you would like to see the Graydon Creditsafe panel. In case of a significant decrease of the rating, the virtual officer will ask you whether an assessment should be initiated to the third-party.