FAQs

It means you will no longer have to hire people to meet the unrelenting growth demands. Consulting has changed over the past decade. Companies can no longer afford to pay outrageous hourly rates for an opinion or recycled playbook to then be saddled with implementing it. RedKnot understands that you are being asked to meet the profitability goals with fewer resources in a rapidly changing technological landscape full of opportunities and risks. Besides recommending the proper practices and methodologies to launch your outsourced program, RedKnot understands the realities of keeping customers, investors and stakeholders happy while successfully navigating the journey. We combine our knowledge with technology to provide a more efficient and cost-effective approach to managing requirements with scale. Planning a huge growth initiative? The platform will be in place, and the scaling is left to the capable hands of RedKnot to execute.

RedKnot offers hands-on expertise because you already have enough to do! We offer step-by-step planning and support to assist in policy development, standing up your program and populating a robust, secure SaaS-based application to house all compliance information. When you’re ready to execute, RedKnot can lead your effort or play a supporting role in ensuring your success. RedKnot uses a solid project management approach to cover every angle while ensuring it will work within your organization. There is no cookie-cutter approach. We have proven expertise, examples and best practices to share at every step to allow you the flexibility you need while ensuring compliance.

A dedicated point of contact leads your relationship through every aspect of your program. RedKnot is known for offering high-touch assistance, whether you are just getting started or have a mature program with opportunities to outsource. We can partially or fully augment your staffing model. Aligned by industry verticals, clients are assigned a U.S.-based manager.

Let’s face it, risk management is non-revenue generating. Outsourcing provides significant cost offsets, access to more technical expertise, scale, acceleration of new vendor onboarding and audit support. Our pricing structure is comprised of two factors: robust SaaS-based application (with unlimited users and reporting) and RedKnot’s consulting and management of the day-to-day. Each of the components is based on volume. Whether you are launching 20 compliance assessments or 2,500, you only pay for what you are using.

We recognize that it can be difficult to disclose vulnerabilities and lacking compliance, which is why we focus on meeting you where you are in the process. Because we have spent years providing support, there’s not much we haven’t seen, believe us. Regardless of where you are, we begin with the end in mind: cost-effectively meeting compliance needs. So, bring us that mess, we’ve got you.

We seamlessly integrate with the way your business already operates. Silos, shared services, stand-alone programs, don’t-know-who-owns-it yet – we get it. And we have ideas on how to take your program to the next level at your speed because Rome wasn’t built in a day. One of the first steps we take is understanding where you are now and the tolerance for change your organization has at this moment. Like a lot of repeatable processes, we take the hard work of compiling assessment results and audit template population off your plate. Whether auditing internally or providing information outside your organization, we get outside the box to help you identify true risks and tell the story.

When it comes to applications and archives, there are many from which to choose. However, managing your third-party risk is more than bells and whistles in a lovely platform. In fact, a platform that’s priced significantly higher than our partners’ may be more difficult to adopt. User-friendly, easy-to-adopt and robust – it’s key to having a solid program, and it’s knowing you can trust people who have the expertise to guide you each step of the way. Our emphasis on providing experienced and dedicated U.S.-based compliance professionals means someone is in the weeds with you every day. Helping you mitigate risk and achieve compliance through an affordable solution can be realized with the right people and a solid platform solution. Let us help with the heavy lifting needed to implement your platform and support your program end-to-end.

Reviewing the unrelenting compliance requirements of the last 15 years against the budgetary requirements builds a strong case for having an experienced provider do the heavy lifting. Our clients have gained a better use of their time by allowing RedKnot to handle the administrative vendor-chasing, tedious reviews and reporting requirements. This has resulted in driving scalable activities without additional hiring.

We understand the strategic importance of external relationships, so we spend time upfront to better understand the approach and tone that works best for your objectives. Every company is different, and we are adept at mirroring your approach. We work together to review and tweak the provided communication templates, customizing notifications and reminders as we launch, execute and maintain the program.

Inquiring minds want to know, and the polls unanimously concluded that Rocky Road is the official favorite ice cream at RedKnot World Headquarters!