How a TPRM Software Can Transform Third-Party Risk Management

Every supplier, partner or distributor you work with is also a way in for risk. One weak link is enough to compromise your organisation's cybersecurity, compliance or reputation.

This guide explains how third-party risk management (TPRM) software changes the way you identify, assess and reduce those risks. It is for executives and risk professionals deciding how to implement TPRM.

Why it matters now

Organisations rely more and more on third parties to meet their objectives. A TPRM system gives you a framework to protect critical assets, stay compliant, look after your reputation and respond quickly when a third party fails.

Which third parties

• Suppliers
• Manufacturers
• Service providers
• Partners
• Affiliates
• Distributors
• Resellers
• Agents

What's in the guide

1. Understanding third-party riskWhy it needs managing: little visibility over third parties, more attack vectors and tougher regulation such as GDPR, DORA and ESG requirements.
2. How GlobalSuite® improves TPRMA unified inventory, periodic assessments, compliance tracking, external monitoring and incidents linked to each third party.
3. What you gainLess manual work, better coordination between departments, centralised evidence and lower operating costs.
4. Use casesA financial services company, a multinational manufacturer and a financial institution subject to DORA.

Real results

The financial services company cut supplier assessment time by more than 40%. The manufacturer brought more than 500 suppliers into a single repository and identified the highest-risk ones. The DORA-regulated institution classified its critical suppliers and aligned their continuity plans with the regulation.

Regulations involved

The guide links third-party management to GDPR, DORA and ESG requirements, all of which call for TPRM controls.