Third-party risk management (TPRM) consulting services
Utilizing technology, EY teams can help you make better-informed decisions faster about third parties. We examine risk from every angle and provide you with the insights you need to identify the partners that will create better long-term value for your business.
Your business challenge
In the Transformative Age, businesses that are able to make smart decisions at pace thrive. And there aren’t any decisions more important than choosing whom you partner with.
The most agile organizations work with multiple third parties in order to stay competitive. All these relationships are important, but each one adds risk: cyber risk, regulatory risk, brand risk, etc.
EY teams offer a complete spectrum of broad services that help enable better decisions about whom you work with and how you manage your third-party risk. Solution benefits include:
- A proactive, centralized approach to help you develop and enhance your program and monitor unforeseen risks.
- Ability to implement and integrate systems and technologies to help manage your third-party population across the relationship lifecycle.
- Increased efficiency and cost savings that enable growth, confidence and trust.
EY team helps deliver access to the latest public, proprietary and self-reported information. This enables clients to identify and classify a variety of risk factors, including cyber, privacy, information security, bribery, corruption, financial crime and reputational and operational concerns.
Evaluate third-party risk management
EY teams provide due diligence and investigation services in more than 240 countries and 100 languages. We offer off-the-shelf and customized services for clients to evaluate, segment and understand both the risk landscape and quality controls in place at the local, country, regional and global level.
EY teams help clients understand and implement tactical and strategic methods of managing and mitigating third-party risks. These methods include continuous or periodic monitoring, threat monitoring and alert management processes to make the job of staying on top of risk easier to implement at a lower overall cost.
Innovate third-party risk management
EY teams leverage advanced analytics, robotic process automation, advanced workflow and machine learning to simplify and streamline everyday tasks when implementing and managing effective third-party risk management programs.
Enable third-party risk management
EY teams help deliver a range of services that help clients improve their operational risk management. These services include helping clients design risk frameworks, manage governance and model data. We can also provide clients with an outsourced managed service.
The reach and collective knowledge in helping organizations enable better decision-making with EY third-party risk management makes EY teams appropriately positioned to drive innovation in this space. EY approach leverages technology, people and processes to help you remain agile.
Our latest thinking
Like what you’ve seen? Get in touch to learn more.