TPRM-aaS

Third-Party Risk Management-as-a-Service (TPRM-aaS)

In a rapidly changing risk environment, managing Governance, Risk, and Compliance (GRC) teams is essential for organizations to navigate complex risks across portfolios, clients, and subsidiaries. Third-Party Risk Management-as-a-Service (TPRM-aaS) provides a scalable solution designed to consolidate and effectively manage risks, offering a unified platform to identify, assess, and mitigate risks seamlessly.

What is Third-Party Risk Management-as-a-Service (TPRM-aaS)?

Third-Party Risk Management-as-a-Service (TPRM-aaS) is a sophisticated GRC solution that enables organizations to streamline their third-party risk management processes. TPRM-aaS integrates past risk assessments, frameworks, and best practices, creating a centralized risk register that simplifies the tracking, assessment, and mitigation of third-party risks. By consolidating all risk data into one platform, organizations can proactively manage their third-party risk landscape while ensuring continuous compliance.

Key Features of Third-Party Risk Management-as-a-Service (TPRM-aaS)

Smart Assessments
Streamline risk, compliance, and vendor assessments by using automated controls mapping and AI-powered autocomplete features, saving time while ensuring accuracy. Generate editable .docx reports with actionable insights and roll-up dashboards for standards such as NIST CSF, HIPAA, SOC 2, ISO 27001, PCI, and more.

Auto-Identify Findings & Recommendations
Leverage AI-driven capabilities to automatically detect third-party risks and issues based on assessment responses. Obtain risk scores and receive recommendations mapped directly to controls. Manage risks, issues, and tasks effectively in a unified register for real-time decision-making.

Risk Register
Consolidate and manage third-party risks from various sources like assessments, issues, and vulnerabilities into a comprehensive risk register. Apply remediation plans and controls to mitigate risks efficiently, ensuring streamlined and effective GRC efforts across the organization.

Compliance Assessments
Achieve faster compliance by assessing once and meeting requirements for over 100 global frameworks and regulations. With advanced controls mapping, Risk Cognizance facilitates quick and accurate compliance with standards such as NIST, ISO, HIPAA, SOC 2, and more.

Governance, Risk, and Compliance (GRC) Software
Risk Cognizance offers a comprehensive GRC software solution designed to help businesses effectively manage and mitigate third-party risks across their entire organization, ensuring compliance with regulatory standards and frameworks.

Third-Party Risk Management Software
Easily manage third-party risks by integrating data from leading third-party risk tools. Ensure that external partners and vendors meet your security and compliance requirements, safeguarding your organization’s risk ecosystem.

Dark Web Monitoring & Threat Intelligence
Proactively protect your organization from cyber threats by monitoring the dark web for sensitive information. Stay ahead of potential risks with real-time threat intelligence.

Attack Surface Management Platform
Identify vulnerabilities across your digital infrastructure with comprehensive attack surface management. Ensure your organization’s security posture remains robust and well-managed.

Audit Manager Software
Ensure compliance and security with an efficient audit management system, offering complete oversight of your third-party risk management efforts.

Artificial Intelligence Platform
Leverage AI to streamline third-party risk identification, enhance decision-making, and improve overall GRC operations with predictive capabilities and intelligent automation.

Third-Party Assessments
Manage vendor relationships and third-party risks efficiently. Leverage integrated data from leading third-party risk management tools to ensure that your vendors and partners are secure and compliant.

Continuous Controls Monitoring
Integrate with vulnerability, third-party risk, and cloud platforms to instantly assess your third-party risk and compliance posture. Stay ahead of emerging risks with continuous monitoring and automated alerts.

Policy Management
Centralize all of your organization’s policies and streamline the process of running attestation campaigns. Measure compliance adherence to your internal controls and gain visibility into team performance against industry standards.

Third-Party Risk Assessments as a Service
Conduct comprehensive third-party risk assessments to identify gaps, strengthen your security posture, and address emerging threats across vendors and partners.

Regulation Compliance Platform
Our platform helps ensure that you meet third-party compliance requirements by mapping controls across 100+ regulatory frameworks.

Third-Party Risk Assessments for Compliance
Achieve compliance and mitigate third-party risks through regular risk assessments. Identify gaps and prioritize solutions to meet regulatory requirements and reduce the likelihood of penalties.

Cyber Insurance Requirements
Our platform assists organizations in meeting cyber insurance requirements, helping them reduce claims by identifying and addressing third-party vulnerabilities.

Vendor & Customer Demands
Comply with stringent security standards demanded by regulated industries by performing thorough third-party risk assessments. Ensure your suppliers meet these requirements to build trust and maintain strong business relationships.

Security Strategy & Budget Allocation
A solid security strategy starts with third-party risk assessments that identify gaps and prioritize controls. This enables organizations to allocate budgets effectively and address critical security areas to reduce exposure.

Why Choose Third-Party Risk Management-as-a-Service (TPRM-aaS)?

• Scalable & Customizable: Tailor your third-party risk management solutions to meet the unique needs of your organization, ensuring efficient management of all risks and compliance requirements.
• AI-Driven Insights: Automate third-party risk identification and gain actionable insights with AI, helping you proactively address issues and ensure compliance with controls.
• Unified Platform: Consolidate your third-party risk management efforts into one unified platform, streamlining compliance, vendor data, and risk assessments in a single interface.
• Continuous Compliance: Stay on top of third-party regulatory requirements with real-time monitoring and ensure compliance across over 250+ integrations from leading security and risk management platforms.

Third-Party Risk Management-as-a-Service (TPRM-aaS) from Risk Cognizance offers a powerful, scalable solution for organizations looking to navigate and mitigate third-party risks in an increasingly complex risk and regulatory environment. With robust features that integrate third-party risk assessments, vendor data, and continuous monitoring, TPRM-aaS provides everything you need to protect your organization’s assets and ensure compliance across business units and with external partners.

Learn More & Get Started Today
Contact us today to discover how Third-Party Risk Management-as-a-Service (TPRM-aaS) can enhance your third-party risk management efforts, improve compliance efficiency, and support long-term business success.