Overview

SureCloud Third-Party Risk Management (TPRM) is a comprehensive platform designed to help organizations manage and mitigate risks associated with third-party relationships. This solution provides a structured approach to identifying, assessing, monitoring, and mitigating risks posed by vendors, suppliers, and service providers. By centralizing data, automating workflows, and providing real-time insights, SureCloud TPRM ensures that organizations can maintain confidence in their third-party relationships while adhering to compliance requirements.

Features

• Automated Risk Assessments: Streamlines the onboarding and risk assessment process for third-party vendors, ensuring they meet your organization's standards and regulatory requirements.
• Customizable Workflows: Configures every aspect of the risk management process, from workflows to permissions, to suit your organization's specific needs, improving efficiency and minimizing errors.
• Real-Time Dashboards: Provides real-time dashboards and no-code reporting to gain comprehensive insights into third-party risks.
• Task Management: Empowers teams with task management capabilities and automated notifications to drive accountability across the organization.
• Vendor Compliance: Implements an overarching TPRM framework that ensures all vendors adhere to the same compliance standards, reducing the risk of oversight and ensuring consistency.
• Streamlined Communication: Facilitates better collaboration across departments with built-in task management and automated email notifications, ensuring everyone is on the same page and work is completed on time.
• Scalable Solutions: Centralizes TPRM efforts into a single, harmonized solution that scales with your business, making it easier to manage vendor risks as your organization expands.
• Integration Hub: Connects the TPRM platform with essential tools, streamlining risk management and automating workflows effortlessly.
• Framework Support: Supports a range of frameworks and standards for TPRM, including SIG, CAIQ, ISO 27001, and NIST.

Benefits

• Enhanced Efficiency: Automates and streamlines third-party risk management activities, freeing up resources for strategic initiatives.
• Improved Decision-Making: Provides clear, actionable insights through real-time data and reporting.
• Increased Compliance and Security: Ensures regulatory adherence and risk protection with robust integrated solutions.
• Enhanced Team Collaboration: Facilitates efficiency through integrated real-time collaboration tools.
• Scalability: Adapts to the specific needs of various sectors, making it suitable for a wide range of applications.
• Transparency and Traceability: Enhances the transparency and traceability of third-party risk management efforts, ensuring precise correspondence between priorities and regulatory requirements.
• Optimized ROI: Balances costs and impact, ensuring continuous process improvement and sustainable performance.