vendor risk (22)

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Organizations are facing mounting pressure from regulators and increased scrutiny from investors, to prove their adherence to strong environmental practices. Luckily, there are actionable steps you can take to make your third-party risk program more efficient, secure and sustainable, enabling you to refine your practices and build strong third-party relationships.

This white pa

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In today's constantly evolving financial market, getting ahead of possible risks and difficulties is critical for financial businesses' performance and security. Third-party risk management (TPRM) is an important area that needs special attention. As financial institutions rely more on third-party suppliers and partners, it is critical to adequately analyze, manage, and mitigate risks associated with these third parties. This is where TPRM software comes in to help financial businesses by provid

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Vendor risk management goes beyond the due diligence reviews that take place when you first onboard a partner. Ongoing oversight of third-party vendors, service providers and supply chain partners who extend your enterprise is expected as part of good risk management. It’s also becoming an essential part of compliance. 
Here's what you can expect to learn: 

  • Key drivers of effective vendor risk management (VRM) 
  • Regulatory requirements, including those of the FDIC and NCUA
  • How VRM contribut
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In today's linked codependent environment, financial organizations rely significantly on third-party suppliers for various services and products11029268880?profile=RESIZE_710x. While outsourcing may provide considerable benefits, like cost savings and access to expertise, it exposes businesses to various hazards that can harm their brand, financial stability, and regulatory compliance.

Financial institutions must adopt comprehensive third-party risk management systems to detect, analyze, and monitor third-party vendor risks to

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Managing third parties is more than a one-time assessment. 


Vendor risk management requires an end-to-end management approach from sourcing to offboarding. An effective program must employ the right systems and controls throughout the vendor risk management (VRM) lifecycle to effectively mitigate risks stemming from your third parties, suppliers, and business partners. 

While this may seem like a daunting task there are areas for

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New Best Practices Guide: 5 Steps to Proactive Third-Party Risk Management

Hi Global Risk Community member,

Optimizing your third-party risk management (TPRM) program requires striking the right balance between people, processes, and technology. While Prevalent can’t necessarily help you with the “people” aspect, our new guide will help you sharpen your team’s TPRM processes and technology.

Download “5 Steps to Pro

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As explored in our previous blog in this series, Integrate C-SCRM Across the Organization was the first of 8 Key Practices for Cyber Supply Chain Risk Management (C-SCRM) programs outlined in the National Institute of Standards and Technology (NIST)’s recent report, “Key Practices in Cyber Supply Chain Risk Management: Observations from Industry.” While, the integration of C-SCRM across the organization is foundational, it won’t lead to real change without NIST’s second Key Practice: Establis

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Download our expert guide and explore:

  • The building blocks of third-party risk management programs
  • Workflows for vendor onboarding and ongoing monitoring
  • The importance of inherent risk and how it should be incorporated into programs
  • How to calculate residual risk and use it to to determine ongoing review cadences
  • Ways to integrate external ratings and service offerings into your program
  • Practical steps you can take to advance your third-party risk management program



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New 2020 Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools is now available. This report evaluates 23 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.


See whi

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NAVEX Global

NEW: Third-Party Risk Toolkit
What Your Board Needs to Know

In recent weeks, at least one high-profile company has been rocked by a plummeting share price, reputational damage and a possible criminal investigation – all due to the alleged actions of one of its suppliers.

In the current environment, many organisations are rapidly onboa

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ProcessUnity Logo

Third-Party Risk Management

Vendor Risk Management

ProcessUnity Vendor Risk

Management Demonstration

Vendor Risk Management programs aren't perfect. In our daily discussions with risk and compliance professionals like you, we find there's always an opportunity to streamline a process and make it more effective.

Where does your program need to improve? Onboarding? Due diligence? A

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New Gartner Report Evaluates IT Vendor Risk Management Solutions

The 2019 IT Vendor Risk Management Magic Quadrant report is now available. This report evaluates 16 solutions within the IT Vendor Risk Management (VRM) landscape, based on each vendor’s completeness of vision and ability to execute. This report can be utilized as a resource in the IT VRM software solution decision-making process to better understand the Vendor Risk Management landscape.


See which vendors wer

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NAVEX Global

Toolkit: Best Practices for Vendor Risk Profiling

Too often, vendor red flags fall through the cracks and open your organization to unknown risk. Arm yourself with a strong defense by having a vendor risk management program built on best practices and regulatory guidance.

Download the toolkit to learn:

  • Factors to consider when setting up new vendors
  • How to determine when to do additional reviews or when to walk away
  • Appropriate ways to handle potentially “high-risk” third parties 
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                 A Message From Our Partner

NAVEX Global

Minimize Your Third-Party Risk
with Vendor Profiling

Managing third-parties can be tricky, and mistakes costly. What factors should be considered when setting up new vendors? How do you determine which vendors need additional review? How should your third-party risk management program be structured?

Join this webinar to learn the best approach to third-party risk management and hear practical use cases from FCPA expert Michael

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A Message From Our Partner


Dear Global Risk Community member,

Third-party risk has evolved over time as companies continue to leverage outside products and services to gain a competitive edge in their markets. Understanding the finer points of a third-party relationship and what real risks exist has led to an industry of people, process, and technology solutions available to help companies consume, analyze, and make decisions on how they utilize and mitigate third party expo

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Staying a Step Ahead of Third-Party Risk

A Message From Our Partner


eBook Staying a Step Ahead of Third-Party Risk

Staying a Step Ahead of Third-Party Risk

Mitigating risk isn’t easy, especially in light of government oversight from the Department of Justice, Securities and Exchange Commission, and Internal Revenue Service amongst others. In this day and age, it’s important to ensure your risk and compliance program has exceptional processes and procedures in place to better prepare for the future.

Produced by Compliance Week and sponsored by ProcessUnity, the Staying a St

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Vendor risk assessment questionnaires are vital to the success of your Third-Party Risk Management program. They also can be tedious, time-consuming, and painful – for both your team and your vendors. It doesn’t have to be that way. The right mix of best practices and technology can reduce more risk while ultimately making life easier for you and your vendors.

Join ProcessUnity for a 45-minute webcast at 2:00 PM EDT on Thursday, October 18, 2018 ( , an

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