Establish confidence in your vendors and mitigate risks before they occur
Third-party relationships come with great opportunities – think reducing costs and access to specialist skills. However, third-party relationships also come with substantial risks if not managed correctly. It’s this delicate balance between managing the opportunity and risk associated with your vendors that makes robust TPRM so critical.
With SureCloud's Aurora TPRM software you can:
Centrally manage all your vendors, what services they offer and key contract information.
Automate the initial risk and tier assessment of your vendors, so you can identify your business-critical vendor relationships.
Conduct third party risk assessments to identify areas of risk (so you can ensure vendors meet your organization’s internal and regulatory requirements).
Identify areas of risk and manage the risk remediation process to an acceptable level for your organization.
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“Managing our processes manually with spreadsheets
is getting harder to manage as our third-party relationships grow.”
“Manual processes take too long and are getting costly.”
"It’s difficult to track vendors progress and to know if they are even completing the assessments."
"We’re struggling to generate real-time reports and analytics that offer insights into the overall risk position of our third-party relationships.”
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