What is Third-Party Risk Management (TPRM)?
Vendor Risk Management (VRM) or Third-Party Risk Management (TPRM) refers to the process of identifying, assessing, and mitigating risks associated with the use of third-party vendors or contractors in a business organization. It involves evaluating the security, privacy, compliance, and other operational practices of a vendor to determine the potential risks they may pose to the organization, and implementing controls to minimize those risks. The goal of VRM/TPRM is to ensure that the use of third-party vendors does not compromise the security and integrity of the organization's systems and data.
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Design your vendor risk policy and assessment template, or use ours
Design your vendor risk policy and assessment template, or use ours
Choose from our content library, which contains audit and assessment templates, policies, control sets, risk and issue libraries, incident playbooks, project plans and more. Or build your own.
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Ingest and manage your vendors
Ingest and manage your vendors
Easily bulk import your vendors, define custom fields and categorise based on your framework.
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Automate vendor risk assessments
Automate vendor risk assessments
Manage the entire lifecycle of your vendor risk assessment (VRM) processes using questionnaire or requirements based assessments.
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Identify, manage and treat risks
Identify, manage and treat risks
Identify and raise risks linked to vendors post-assessment and group them into risk registers. Then, manage, remediate and report on risks directly from 6clicks.
Design your vendor risk policy and assessment template, or use ours
Choose from our content library, which contains audit and assessment templates, policies, control sets, risk and issue libraries, incident playbooks, project plans and more. Or build your own.
Ingest and manage your vendors
Easily bulk import your vendors, define custom fields and categorise based on your framework.
Automate vendor risk assessments
Manage the entire lifecycle of your vendor risk assessment (VRM) processes using questionnaire or requirements based assessments.
Identify, manage and treat risks
Identify and raise risks linked to vendors post-assessment and group them into risk registers. Then, manage, remediate and report on risks directly from 6clicks.
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