Third Party Risk Management

Companies are becoming increasingly reliant on third-party vendors, suppliers, and service providers; relationships that are extremely beneficial but also come with inherent challenges and potential problems, which may include Security risks, Non-Compliance, Operational Disruptions, Reputational Risks, Financial Risks, and Inconsistent Quality of Service.

How can we help?

Third-Party Risk Management (TPRM) is a critical component of modern business strategies, emphasizing the significance of effectively managing relationships with external parties, suppliers, vendors, and service providers. TPRM is pivotal in safeguarding an organization's reputation, integrity, and overall operational resilience.

Our Total Third-Party Risk Management (TPRM) Service is a comprehensive solution designed to empower organizations in proactively identifying, assessing, and mitigating risks associated with their third-party relationships. Our range of comprehensive services can help organizations proactively safeguard their operations, reputation, and assets while fostering a resilient and secure business ecosystem.

Risk Assessments

Due Diligence

We conduct comprehensive risk assessments to identify and evaluate potential risks that may be associated with third-party relationships. That includes evaluating their information security practices and controls  to safeguard against data breaches and cyber threats.

We perform due diligence exercises on potential vendors to assess their financial stability, legal compliance, and overall suitability for a partnership.

Financial Health Check

We monitor the financial health of prospective and active vendors to identify potential financial risks that could impact their ability to deliver contracted services.

Performance Monitoring

We help our clients to monitor the performance of vendors against Service Level Agreements (SLAs) and key performance indicators (KPIs) to ensure that contractual obligations are met.

Contracts & Compliance

We help with structuring and reviewing of contracts and agreements to ensure they align with regulatory requirements and organizational standards. We also monitor them for ongoing compliance.

Continuous Monitoring

We implement continuous monitoring tools and processes to track changes in the risk landscape and provide regular reports to stakeholders.

Training & Awareness

We offer training and awareness programs to educate on security protocols, compliance requirements, and risk management practices.

Customized Solutions

We provide tailored TPRM services based on the unique needs and industry-specific requirements of our clients.