Third Party Risk Management

TPRM helps those tasked with managing vendors to make lasting interventions based on monitoring dashboard metrics aligned with onboarding, risk management, continuity dependancies, objectives and stressed exit planning that has controls and is measurable continually.

All these run together simultaneously in a framework that executes good management, resilience planning and response tactics. A key objective is to deliver secure vendor management resilience against business resilience strategies, improving protection, lowering risk and reinforcing importance and reporting.

Delivering results is a combination of integration, powerful understanding and experience.

How We Can Help

Our team work within the development of strategy and goals, understanding baselines, costs and risks set to define the delivery routes in matching vendors with the consolidation of information and resilience expectations.

Experience with analytics, procurement, business process mapping, business intelligence and operational resilience is key to defining and contributing toward automated dashboards, goals and weighting of third parties and their vendors.

Historic methodology and software have been tools to deploy expensive external views, whereas today stakeholders want to see routes to market, identifying and excluding preventers or disrupters. All this from data they already own and have previously mined.

Our results are based on using those existing data sets, often in historic separate structures, defining unified messaging and measurements in a simple to monitor follow of metrics that addresses how vendors, suppliers and productivity benefit from results.

Getting Results

We believe that understanding all aspects of procurement nd vendor management are a key investment an organisation must make to empower their business resilience and evolve:

Realtime views of ‘clickstream’ data
Alignment with strategic vendors, their service-related goals and data
Integration of existing data sets, products, services and processes within the business and supply chain.
Simplified specific scorecard reporting, output dashboards and monitoring
Visualisation of technology, data and development streams supporting goals and performance
Devolution of monitoring and ownership within the organisation

We would be pleased to speak to you about how our Third Party Risk Management approach can help your business resilience goals