Quantify third-party risk and report it like a CFO would.
Turn program activity into a clear view.
Leaders see the work that still needs judgment.
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 there is no clear answer. 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 12 report types on demand, including Concentration, Cascading Risk, Exit Readiness, and Program Health. AI-written risk narratives turn the results into a board-ready story.
Quantify and report third-party risk.
- 01
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 each number shows its inputs.
- Keep qualitative ratings (Critical, High, Elevated, Good) alongside quantified loss so technical and executive audiences both have what they need.
- 02
12 portfolio risk reports, generated for you
Overview, Concentration, Compliance, BCDR, Exit Readiness, Cascading Risk (fourth-party), Risk Appetite, Trending, Incident, Program Health, Risk Register, and Cyber Risk Quantification (CRQ) reports. Each is 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 dependency-chain exposure before it becomes an incident.
- 03
Risk appetite and thresholds you 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.
- 04
Board-ready narratives on demand
AI-generated risk narratives translate the underlying quantification into clear, board-ready summaries, saved for quick access and refreshed 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 numbers with stated assumptions.
Whole-portfolio visibility
See concentration, fourth-party, and exit-readiness risk across every vendor at once.
Reporting without the busywork
12 report types assemble from live data instead of stale spreadsheets.
Govern to appetite
Set thresholds once and the platform flags breaches 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.”
Risk expressed in dollars
FAIR, VaR, and ALE quantification for each 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.
What sits behind the number.
Methods and assumptions your committee can inspect.
Which quantification methods do you use?
We use FAIR, Value at Risk, and Annualized Loss Expectancy alongside qualitative risk categories.
Which reports can we build?
We provide 12 reports: Overview, Concentration, Compliance, BCDR, Exit Readiness, Cascading Risk, Risk Appetite, Trending, Incident, Program Health, Risk Register, and Cyber Risk Quantification (CRQ).
Can we set our own thresholds?
Yes. We use your risk appetite, tolerance thresholds, and supplier criticality tiers.
What supports a board narrative?
We use quantification, trends, and resilience views. Your team should review the estimates and assumptions before a committee decision.