Risk you can put a number on.
Quantify third-party risk and report it like a CFO would.
Quantify third-party risk in financial terms with FAIR, Value at Risk, and Annualized Loss Expectancy - then generate the twelve portfolio reports and board narratives your risk committee actually wants to read.
Risk teams are still managing exposure with color-coded heat maps and hand-built spreadsheets. The board asks 'how much could this cost us?' and the honest answer is a shrug. Reporting season means weeks of manual aggregation, and concentration or fourth-party risk hides in the gaps between tools.
Coverbase turns your live program data into quantified, defensible risk. Apply FAIR, Value at Risk, and Annualized Loss Expectancy to express exposure in dollars, govern the portfolio against configurable risk appetite and criticality tiers, and generate twelve report types - from Concentration and Cascading Risk to Exit Readiness and Program Health - on demand. AI-written risk narratives turn all of it into a board-ready story in a single click.
Everything you need to quantify and report third-party risk
1
Quantify risk in dollars, not colors
Move beyond red-amber-green heat maps. Coverbase applies industry-standard quantification frameworks - FAIR (Factor Analysis of Information Risk), Value at Risk (VaR), and Annualized Loss Expectancy (ALE) - to express third-party exposure as probable financial loss. • Decompose risk into loss magnitude and loss frequency so every number is defensible. • Keep qualitative ratings (Critical, High, Elevated, Good) alongside quantified loss so technical and executive audiences both have what they need.
2
12 portfolio risk reports, generated for you
Overview, Concentration, Compliance, BCDR, Exit Readiness, Cascading (fourth-party) Risk, Risk Appetite, Trending, Incident, Program Health, Risk Register, and CRQ reports - each assembled automatically from live program data. • Spot concentration risk when vendors share the same underlying services or subprocessors. • Trace cascading and nth-party dependencies to surface chain-of-custody exposure before it becomes an incident.
3
Risk appetite and thresholds you actually govern to
Configure organization-wide risk appetite, tolerance thresholds, and criticality tiers (Critical, High, Elevated, Acceptable), then watch the portfolio measure itself against them. • Get alerted when a vendor or business unit breaches appetite. • Map exposure to the frameworks and taxonomy your program already runs on.
4
Board-ready narratives in one click
AI-generated risk narratives translate the underlying quantification into clear, board-ready summaries - cached for instant access and regenerable on demand. • Pair time-series resilience snapshots and trending reports to show whether posture is improving or degrading. • Walk into the risk committee with the story and the numbers already written.
Real impact for risk and the board
Defensible numbers
FAIR, VaR, and ALE give auditors, regulators, and the board math they can trust.
Whole-portfolio visibility
See concentration, fourth-party, and exit-readiness risk across every vendor at once.
Reporting without the busywork
Twelve report types assemble themselves from live data instead of stale spreadsheets.
Govern to appetite
Set thresholds once and let the platform flag every breach automatically.
Trends, not snapshots
Resilience snapshots and trending reports show whether risk is rising or falling over time.
"For the first time we can tell the board what a vendor failure would actually cost us - and back it with FAIR and Value at Risk. Reporting that used to take my team three weeks now takes an afternoon."
— Chief Risk Officer
Global Financial Services Firm
Risk expressed in dollars
FAIR, VaR, and ALE quantification on every vendor.
12 portfolio reports
Generated automatically from live program data.
Board decks in minutes
AI risk narratives written and refreshed on demand.
Fourth-party visibility
Cascading dependency analysis surfaces hidden exposure.
