Power up
your supply chain risk management
Whether you call it Third-Party Risk Management, Supply Chain Risk Management, or Vendor Risk Management, understanding the regulatory, legislative, reputational, and revenue impacts a supply chain incident could have on your business is crucial and must be fully controlled.
Watch our video to find out more about Azanzi TPRM.
Automation
Automate supplier risk management and assessment, allowing you to configure it to meet the specific needs of your organisation.
Bespoke
Bespoke assessments, automated reports, and even share information with external stakeholders if required.
Mitigation
Designed to help you identify, manage, and mitigate risks associated with third parties.
Azanzi TPRM is a critical component of an organisation's risk management strategy. By identifying and mitigating risks associated with third parties, organisations can improve security, comply with regulations, better manage vendors, increase transparency, reduce costs, and enhance their reputation.
NCSC
Our platform is based on the UK’s National Cyber Security Centre (NCSC) 12 Principles of Supply Chain Security.
Compliance
We also follow the UK Government Functional Standard 007, which outlines specific responsibilities for oversight of security compliance and auditing processes for third-party suppliers.
Protection
Our platform provides robust data protection and privacy features to ensure that your data is secure and protected at all times.
Significant benefits
to enhance your TPRM processes
Azanzi's TPRM software platform offers a range of benefits to organisations looking to manage third-party risk effectively. The platform provides automated workflows for identifying, assessing, managing, monitoring, reporting, and remediating vendor risk. Suppliers can be assessed based on their risk to your company, and automated assessments can be delivered through configurable workflows. The platform also provides consistent third-party performance data and results analysis, enabling you to understand, monitor, and manage supply chain remediation and risk reduction.
Book a demo- Improved security posture through appropriate controls implementation
- Compliance with relevant laws, regulations, and industry standards such as GDPR, HIPAA, NIS Directive (CAF), NIST, ISO 27001, & NCSC
- Better vendor management and increased transparency
- Reduced costs and minimised business disruption
- Quicker engagement and onboarding of suppliers
- More effective due diligence and enhanced senior management reporting
- Ability to identify high impact suppliers and monitor continuous improvement in supplier risk management
- Improved reputation and ability to execute an organisation's objectives, both strategic business and project-level objectives.
Compelling features
and a process that works
Manage third-party risk efficiently and effectively.
Follow a four-step process and our TPRM platform can provide the structure to keep you on track.
- Identify all third parties and suppliers.
- Assess the risk of each third party by evaluating their security, compliance, and operational risks. Controls should be implemented to mitigate any identified risks. Include security audits and background checks.
- Monitor the ongoing risk of third parties, including compliance and security practices, to ensure that they remain within the scope of the contract. Regular monitoring helps identify changes in vendor activities and assesses the effectiveness of vendor controls.
Other valuable features of Azanzi TPRM include:
- Advanced performance metrics: metrics to measure the effectiveness of the program and vendor performance. These metrics can help identify areas for improvement and guide decision-making.
- A clear governance structure: Azanzi TPRM helps to ensure that the supply chain risk management program is aligned with your organisation's overall risk management strategy.
- Continuous improvement and monitoring: the supply chain is regularly reviewed and updated to ensure that it is meeting your organisation's needs.
Gain extra insight
into Third Party Risk Management
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Talk to us!
Do you want to know more about how our tools can help you stay ahead of the game with your information security? Do you need to have a closer eye on your third party suppliers to mitigate any potential breach?
Complete the form with your enquiry and we will get in touch to arrange a consultation.