Why Third Party Risk Management Matters
The package includes the following.
- 60% of data breaches originate through third-party vendors
- Average cost of a supply chain breach: $4.45 million
- 98% of organizations have relationships with vendors who've experienced a breach
- Supply chain attacks increased by 420% in the past year
Your Vendors Have Access To:
- Your procurement systems and financial data
- Sensitive customer information
- Intellectual property and trade secrets
- Critical infrastructure and operations
- Employee personal data
One breach can result in:
- Financial losses and legal penalties
- Reputational damage
- Operational downtime
- Loss of customer trust
- Regulatory non-compliance
How We Secure Your Supply Chain
A structured, risk-driven approach to third-party security
Step 1: Discovery & Assessment
We map your entire vendor ecosystem and identify high-risk third parties based on data access, criticality, and security posture.
Step 2: Risk Scoring
Each vendor receives a comprehensive risk score based on cybersecurity controls, operational capacity, and compliance status.
Step 3: Prioritization
We help you focus resources on your highest-risk vendors while maintaining appropriate oversight across all suppliers.
Step 4: Remediation
Working with you and your vendors, we implement security improvements, controls, and monitoring systems.
Step 5: Ongoing Management
Continuous monitoring ensures your supply chain remains secure as threats evolve and vendor relationships change.
Security Partnership
Trusted SecurityScorecard Partner
We proudly partner with SecurityScorecard to maintain the highest standards of cybersecurity, risk visibility, and digital trust for our clients.
View Official Partner ProfileKey Benefits
Why Choose ERP Software Management for TPRM?
Industry Expertise Our team combines procurement knowledge with cybersecurity expertise, understanding both supply chain operations and security threats.
Comprehensive Visibility See your entire vendor ecosystem at a glance with our risk dashboards and reporting tools.
Rapid Deployment Get your TPRM program up and running quickly with our proven methodologies and frameworks.
Proactive Protection Identify and address vulnerabilities before they become breaches, saving millions in potential damages.
Compliance Ready Meet regulatory requirements for vendor management (POPIA, GDPR, ISO standards) with documented processes.
Vendor Collaboration We work with your suppliers to improve their security posture, creating a more resilient supply chain.
Cost Effective Our risk-based approach focuses resources where they matter most, maximizing ROI on security investments.
Risk Areas We Address
Comprehensive Third Party Risk Coverage
Cybersecurity Risks
- Data breaches and theft
- Ransomware attacks
- Malware infections
- System vulnerabilities
- Weak access controls
Operational Risks
- Service disruptions
- Performance failures
- Capacity constraints
- Quality issues
- Geographic concentration
Compliance Risks
- Regulatory violations
- Contract breaches
- Data privacy failures
- Industry standard non-compliance
- Documentation gaps
Financial Risks
- Vendor insolvency
- Hidden costs
- Price volatility
- Payment fraud
- Insurance inadequacy
Reputational Risks
- Vendor scandals
- Ethical violations
- Environmental concerns
- Labor practices
- Public perception
Secure Your Supply Chain Today
Three Ways to Begin:
1. Free Risk Assessment Get a complimentary evaluation of your current third-party risk exposure. Schedule Assessment
2. Consultation Speak with our TPRM experts about your specific challenges and requirements. Book Consultation
3. Full TPRM Program Implement a comprehensive third-party risk management program. Request A Demonstration
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