Third-Party Risk Management(TPRM) Services
In the current globalised nature of the business, organisations have been greatly reliant on third parties, namely vendors, suppliers, cloud providers, consultants, and outsourced partners. These partnerships are beneficial as they help grow, but present a massive third-party risk concerning data security, compliance, operations, and business continuity.
Through our Third-Party Risk Management (TPRM) services, you can identify, assess, monitor, and mitigate all the risks related to all external partners to ensure that your organisation stays secure, compliant, and resilient.
What is third-party risk management?
Third-Party Risk Management (TPRM) is an organised approach adopted to test and manage risks that occur as an organisation operates with external vendors or suppliers.
This involves evaluation of their security practices, compliance posture, operational reliability, and access to their sensitive data or systems.
TPRM will verify the security, privacy, and regulatory standards of all vendors, including software vendors and outsourced service providers, to meet your requirements.
Importance of Third-Party Risk Management
There are significant challenges that organisations encounter in dealing with outside partners, and they include:
1. Security Risks
A bad supplier may make your systems vulnerable to cybercrime, data breaches, ransomware, or hacking.
2. Compliance Risks
The third-party risk and supplier risk are to be managed with rigid control due to regulations such as GDPR, DPDP Act, ISO 27001, SOC 2, RBI, and SEBI cybersecurity guidelines.
3. Operational Risks
Your business can be directly affected by vendor downtimes, service failures, or poor controls.
4. Reputational Risks
The third-party breach may harm the trust of customers and the credibility of the brand.
5. Financial Risks
Failure to comply, costs of breaches, and disruption of business are sources of huge financial losses.
Critical Problems in Third-Party Risk Management
The process of handling vendors and suppliers is a complex one. Organisations often face:
Lack of Vendor Visibility
Lots of businesses have numerous vendors and cannot be aware of their security posture.
Ineffective and Time-Consuming Processes
Vendor and supplier risk assessment spreadsheets are time-consuming and error-prone.
No Continuous Monitoring
In the majority of companies, the evaluation of vendors is conducted once, and the further risk assessment is not considered.
Irregular Documentation
The absence of policies, poor contracts, and unclear SLAs adds to the general risks.
Regulatory Pressure
Best practices dictate the compliance practices as they are required to integrate robust vendor risk management.
Our Third-Party Risk Management Services
KavachOne offers a full lifecycle support of TPRM.
1. Third-Party Risk Assessment
Security and compliance assessment of every vendor or supplier. This includes:
- Policy and procedure review
- Security Control validation
- Evidence-based evaluation
- The scoring and classification of risk
2. Vendor Risk Management
We assist organisations to manage all their vendors in terms of onboarding and continuous monitoring. include:
- Importance of vendor analysis
- Data access risk evaluation
- Background checks
- Performance tracking
3. Supplier Risk Management
To our partners in the supply chain and manufacturers, we evaluate:
- Operational stability
- Quality controls
- Financial reliability
- Business continuity capabilities
4. Vendor Security Risk Evaluation
Technical evaluation at a profound level with a focus on:
- Cybersecurity controls
- Vulnerability exposure
- Cloud and network security
- Incident response preparedness
- Data protection measures
5. Contract & SLA Review
In all third-party agreements, we make sure that they contain:
- Data security requirements
- Compliance obligations
- Timelines on breach notification
- Liability and confidentiality clauses
6. Continuous Monitoring
Third-party risk is not constant. We provide:
- Periodic reassessments
- Real-time alerts
- Updated risk dashboards
- Ongoing compliance checks
7. TPRM Program Development
We develop comprehensive third-party risk management systems that are specific to your organisation:
- Policies & procedures
- Risk scoring models
- Reporting templates
- Onboarding of vendors
8. Third-Party Risk Management Software Support
We help to choose or apply third-party risk management software to automate:
- Vendor tracking
- Risk scoring
- Control monitoring
- Reporting & audits
Benefits of Third-Party Risk Management
Data breach risk reduced.
Regulatory compliance guaranteed
Better control by vendors
Business continuity had been enhanced.
Less loss of financial and reputation
Secure vendor ecosystem
risk dashboards
Why Choose Us
KavachOne is a reliable companion in Third-Party Risk Management that is able to integrate both the expertise in compliance and practical and result-oriented security assessment. We understand that every organisation works with a unique ecosystem of vendors, suppliers, and technology partners—so we design customised TPRM frameworks that align with your business requirements, regulatory obligations, and security priorities.
Through transparent reporting, accelerated time to assessment, and great concern for data protection and compliance, KavachOne will enable you to minimize risk, enhance vendor performance, and enhance overall supply-chain security. Our TPRM services are not only compliance-based, but rather effective because they keep your organisation safe against emerging threats.
Expert Compliance
Customized Frameworks
Security First
Proven Results
Conclusion
Third-party risks are unavoidable, yet they can be controlled with the appropriate framework, tools, and know-how. Through our Third-Party Risk Management services, organisations are able to work with vendors with a lot of confidence without jeopardizing their security, compliance and operational stability.