Third Party Risk Management Overview

Riskpro India
Third party risk management (TPRM) is a structured approach to analyze and control risks arising to the organization from third parties. Mainly third parties are: Vendors Customers Joint ventures Counterparties Fourth Parties Third-party relationships can be a significant source of enterprise risk. The propagation of third-party partners, regulatory pressure, and the complexity of cyber-related risks has led companies to dedicate more time and attention to the potential risks by third parties. They enable companies to be flexible and competitive in a global business environment. These relationships often allow companies to delegate important tasks so that they can focus on their core competencies. With the benefits gained from third parties comes related risks that pose significant threats to a business, such as cyber breaches, business continuity challenges, or reputational damage.
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Third Party Risk Management
Third Party Risk Management
Third Party Risk Management
Third Party Risk Management

Third Party Risk Management Core Features

Risk Management Features
  • Alerts/Notifications
  • Auditing
  • Exceptions Management
  • IT Risk Management
  • Reputational Risk Management
  • Response Management
  • Risk Assessment
Vendor Management Features
  • Audit Trail
  • Risk Assessment
GRC Features
  • Business Continuity
  • Environmental Compliance
  • IT Risk Management
  • Incident Management
  • Internal Controls Management
  • Operational Risk Management
  • Reporting

Third Party Risk Management Pricing

Pricing Type
Flat Rate
Free Version
Yes
Payment Frequency
Annual Subscription, Free
Vendor pricing page
30 Days Trial
Plans & Packages
Standard
$750 Per Year
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Licensing & Deployment
  • Cloud Hosted
  • Web-based
Support
  • Phone
Knowledge Base
  • Help Guides
  • Webinars
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