Third-party risk management (TPRM) consulting services

Your business challenge

The number of third parties involved in business processes — both internal and external — is steadily increasing. Each third party typically collaborates with its own complex network, compounding the constellation of organizations in business with each other. As business complexity and global scale grow, the challenges for risk managers have become more significant than ever.

Effective third-party risk management (TPRM) programs not only reduce risk — they enhance value-driving partnerships so your organization can embrace the future with confidence.

EY Intelligent Digital Assessor (IDA)

IDA is our game-changing AI engine at the core of the EY TPRM solution. It fundamentally reinvents the TPRM function by transforming the role of the human assessor, pairing them with digital assessors capable of scanning the full third-party landscape more comprehensively and then providing foundational assessment reporting.

With fast access to transparent data from the entire third-party ecosystem, the role of the human assessor evolves from a document-gatherer performing routine compliance tasks to a proactive risk preventionist and mitigator. Wherever you are in your TPRM transformation journey, IDA will support you to take powerful leaps forward.

Why EY

EY teams take a technology-driven approach that integrates our extensive third-party risk knowledge with industry-leading solutions. This technology-led strategy transcends the limitations of traditional human analysis, providing a scalable, efficient and more precise risk assessment process.

Alliance relationships

The EY TPRM solution is supported by the powerful technology and insights from EY Alliance Partners ServiceNow and AuditBoard, which helps you integrate and scale risk management across your organization.