TPRM
by 
All of your vendors in one dashboard
TPRM & Automated Vendor Risk Assessments
TPRM by ThirdPartyTrust is a third party risk management tool for process automation, document storage, and workflow management.
The tool will help you manage your end-to-end process, reducing the time spent on requesting and reviewing security documents.
The current way:
- ❌ Reviews and requests scattered amongst teams and platforms
- ❌ Data saved across spreadsheets, emails, and hand-written forms
- ❌ Manual, slow exchanges across weeks, if not months
- ❌ Reliance on incomplete or outdated data to make decisions
The TPRM way:
- ✅ A single source of truth, shareable across teams and orgs
- ✅ All data captured and analyzed in one dashboard
- ✅ Automated, accelerated response and close to sales times
- ✅ Real time updates and continuous monitoring of supply chain
Improve your supply chain security in three easy steps
STEP 1
BUILD
Build your third-party inventory by inviting your vendors to the platform and connecting with them.
STEP 2
REVIEW
Review their uploaded documents, such as insurances, external audits or assessments, certifications, and questionnaires, all in one place.STEP 3
ANALYZE
Analyze your evidence in a single dashboard to get the full picture of your vendors’ security posture.Leverage the top industry questionnaires to assess third party risk — Free of charge!
Manage your end to end security assessment process
A purpose-built TPRM tool will get your program out of email & spreadsheets quick and easy.
Reduce the time and cost to connect with your vendors, setting custom tags and tiers, and leveraging our workflow integrations.
Perform your vendor risk assessments faster defining your own risk score criteria, while leveraging scores from 10+ data providers.
Monitor vendor risk and performance over time with continuous monitoring, personalized alerts, and triggers.
TPRM Features
- Monitor progress in a single dashboard as your team enjoys increased productivity and efficiency
- You maintain confident visibility across the supply chain, overseeing and preventing access and user management gaps
- Centralize your user database into a single service via SSO, controlling authorization to all accounts and applications
- Manage your team’s permissions and privileges through personalized access based on job titles, departments, and roles
- Third party vendors manage their own users and privileges in the vendor risk management process only when you grant access
- Vendors complete your assessment requirements with an easy, self-service approach that increases efficiency on both ends
- Third parties receive their own free vendor accounts to self-manage after connecting with your organization
- Craft different questions to different businesses in order to identify their unique risks to your company
- Scale and send your custom assessments to hundreds of third parties easily, track responses, and control your level of risk
- Develop your own system of labels, rules, and filters to manage the overall approval process
- Prioritize which third parties need attention sooner rather than later by drilling down into your vendor data
- Create your own requirement rules around regulation, risk tiers, and scores
- Request only the information you need, like Cyber Liability/Data Privacy (e.g. GDPR), Errors and Omissions, or Certifications such as HIPAA, ISO 27001, and PCI DSS
- Leverage pre-approved custom or industry standard questionnaires like SIG Lite, CAIQ, or NIST
- Include attestations such as penetration testing, application scans, and general security audits
- Ensure that your data, your third party vendor’s data, and your assessment-related data all communicate seamlessly in one place
- Leverage data from our trusted partners like BitSight and RiskRecon to perform continuous monitoring and up to date risk assessments
- Allow data to flow smoothly between programs and teams within your organization via our fully accessible APIs
- Share data across multiple systems to uncover trends and opportunities via tools tools like ServiceNow and RSA Archer (for GRC), JIRA (ticketing), and Power BI and Qlick (business intelligence reporting)
- Achieve consistent and easy to understand risk scoring to improve decision making, enhance visibility, and demonstrate the value of your security program
- Assess and prioritize risk, and easily manage hundreds of third-party assessments, with customizable performance metrics that are robust, holistic, and transferable
- Score the potential impact a third party may have on your business using pre-built or customized metrics
- Leverage a holistic assessment through Trust Scores (security attributes best in a security posture, Impact Scores (how your organization interacts with a vendor), and overall Risk Score
- Assess other metrics such as ease of replacement, criticality of service, number of records, and contract size
- Track accountability, reconstruct previous events, detect intrusions, and perform problem analysis
- Detect security violations, performance problems, and flaws in the assessments process
- Maintain your audits in one place and make strategic decisions based on a deeper understanding of the risk trends of your vendor ecosystem
- Maintain a record of user and system activity, including responses to security questions and conversations around findings
- Leverage system integrations to easily integrate historical data with your internal tracking and control tools
- Benefit from the all-in-one dashboard to track active, non-active, and total third party vendors over time and at a glance
- See every risk, assessment, and third party vendor in a single dashboard
- Employ a cross-functional, cooperative workflow for issue management that allows you to convert identified gaps and issues into action items for easily documenting, tracking, and reporting on issues
- Work collaboratively online with your team and third party vendors, and track their progress
- Document your assessment gaps on the tool, build actionable tasks and establish an ongoing conversation with your vendors to understand these differences
- Create shareable findings on assurances, questionnaires, scans, and breaches to share with your team and stakeholders
- Review findings on specific vendors and track remediation dates and actions taken by your third party vendors
- Eliminate back-and-forth emails and calls by discussing resolutions with vendors directly in the platform
- Accelerate completion times by having everything in one place, and gaining end-to-end confidence in your supply chain
75%
faster assessment turnaround
80%
Response rate from vendors
2x
Vendors assessed with the same resources
3x
ROI in six months
With ThirdPartyTrust, our average assessment turnaround went from 15 days to 2 days”.
Charles River Laboratories
Ready to simplify your TPRM for less than the cost of a new FTE?
Pay per assessed vendor starting at $10,000/yr
