Third Party Risk Management (TPRM) Services
Conducting thorough due diligence on third parties before get into business is crucial.
Our TPRM Service ensures that businesses collaborate with partners who maintain comparable ethical standards and operational excellence, thereby protecting against unexpected liabilities and disruptions.
This proactive strategy cultivates trust and transparency in business dealings, promoting enduring stability and mutual benefit for all stakeholders.
Key Capabilities
Board Oversight and Due Diligence
Board Oversight and Due Diligence
Board Oversight and Due Diligence
We establish direct communication with the board to ensure they demonstrate diligence in supporting management's efforts to maintain effective TPRM programs.
TPRM Risk Assessment
Board Oversight and Due Diligence
Board Oversight and Due Diligence
Our Risk Analysts evaluate risks linked to each third party on an individual basis. Evaluation not only consider cybersecurity and privacy risks but also compliance, operational, reputational, and financial risks for a holistic view.
Contractual Risk Management
Board Oversight and Due Diligence
Integration with Procurement Systems
Reviewing and advising on contracts with third parties to ensure that adequate security measures and responsibilities are defined and enforceable.
Integration with Procurement Systems
Integration with Procurement Systems
Integration with Procurement Systems
Our experts assist companies in integrating TPRM into their corporate procurement systems, ensuring that the addition of a new third party initiates the required risk management procedures.
Cybersecurity Due Diligence
Integration with Procurement Systems
Stakeholder Audits and Discussions
Performing comprehensive due diligence assessments on potential third-party vendors before entering into partnerships or contracts.
Stakeholder Audits and Discussions
Integration with Procurement Systems
Stakeholder Audits and Discussions
CUI experts conduct audits and discussions with stakeholders from both parties to identify risk-vulnerable processes and develop agreed-upon remediation plans. These plans are then incorporated into third-party contractual agreements.