VendorGuard: Third-Party Risk Management as a Service
Using the Rhombes platform, our teams quickly provide detailed risk assessments to help you select third-party partners that offer long-term value for your business.
Third Party Program Design & Build
Third Party Assessment Service
Third Party Managed Services
Why Invest in TPRMaaS?
Efficient Management of Vendor Security
Expertise Driving Security Compliance
Maturity Asessment
Expert Risk Management
Monitoring Oversight
Vendor Onboarding
Integrating vendors into security system.
Compliance Monitoring Setup
Establishing compliance baseline and schedules
Continuous Monitoring
Real-time compliance status tracking
Resolution and Enforcement
Addressing and correcting compliance issues
Risk Assessment
Evaluating risks from compliance lapses
Reporting and Alerts
Delivering timely compliance status updates
Managed TPRM Services
Turnkey TPRM support, from technology deployment to process management, tailored to your company’s needs.
Schedule Free Review
Proactive Risk Identification
Expert Risk Consulting
Frequently Asked Questions
Using VendorGuard, companies can leverage specialized expertise and technology to manage third-party risks more effectively, to potentially reduce the operational burden and to enhance overall security and compliance. This service is particularly valuable for organizations that engage with numerous vendors or have limited internal resources to manage extensive third-party networks
TPRM program is not just about risk mitigation; it’s also a strategic function that supports secure, compliant, and efficient business operations. Organizations without a strong TPRM program design would be exposing themselves to a myriad of potential disruptions, legal issues, and financial losses that could otherwise be mitigated or avoided.
VendorGuard provides strategic flexibility, specialized knowledge, and cost efficiencies, enabling organizations to remain agile and competitive in their industries. Consultants often have specific expertise and deep knowledge in particular areas such as IT, cybersecurity, compliance, human resources, or strategic management and can provide fresh, objective and unbiased insights.
Continuous monitoring of vendors is very essential for effective third-party risk management (TPRM). Here are several reasons why continuous monitoring of vendors is crucial: 1) To Detect Changes in Risk Profile 2) To ensure Compliance with Regulations and contractually 3) To proactively identify Cybersecurity Threats 4) To avoid potential disruptions to business 5) To Maintain Trust and Reputation 6) For effective Cost Management 7) As an Early Warning System
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From our Blog
Read our latest blogs,articles and whitepapers to understand the current trends in Third Party Risk Landscape.
