Overview
An end-to-end third-party risk management service that is designed to reduce operational and cost burden and at the same time reduce time in processing third parties for risks. We continuously evaluate, monitor, and manage risks associated with your third-party vendors, ensuring compliance with regulatory standards, and safeguarding your business operations. By outsourcing TPRM or parts of it to our experts, organizations can focus on their core activities, confident in the knowledge that their vendor relationships are secure, compliant, and optimized for success.
Highlights
Strengthen GRC Function
Build a fortified GRC function to mitigate operational and strategic risks efficiently.
Prepare for Audits
Close compliance gaps quickly and get ahead of the competition with robust audit readiness plans.
Streamline Vendor Due-Diligence
Process vendors quickly and obtain clear-cut due diligence reports for informed decision-making.
How it Works
Questionnaire Library
We will review and consolidate your vendor quarantine library to ensure your questionnaires are mapped to your security policies, risk appetite, and compliance goals. If there are gaps in your questionnaires, we will work with you to close them.
Initial Assessment
Just provide us with the vendor's name and the engagement scope. We will do the rest to determine what kind of due diligence and risk assessment the vendor needs to go through so that your precious time and the time of the vendor is not wasted.
Third-Party
Due Diligence
We will review the vendor's site, OSINT sources, audit reports, or whatever is available. We will ensure that the vendor goes through the appropriate set of questionnaires. Once we have the answers and supporting documents, we will produce a due diligence report that is meaningful and actionable.
Third-Party Risk
Assessments
Depending upon your requirements and the vendor's profile, we will conduct a thorough third-party risk assessment. We will identify the issues and record them in your findings register and then analyze each finding if it qualifies to be a risk.
Third-Party Risk
Monitoring
We will follow-up with vendors on the status of the risks identified during third-party risk assessments. We will test the fixes or ask for evidence.