Managing Third Party Risk
Trusted Third Party Risk Management And Vendor Assessment
Our managed third party risk services provide comprehensive, automated assessments of third parties to ensure compliance, mitigate cyber risks, and enable responsible oversight. Partner with us for a customized third-party risk management program that reduces compliance burdens and provides assurance that your vendors meet standards for security, privacy, and more.
Information Hub
Beaconer collaborates with vendors to populate and maintain our information hub.
Customer requests assessment
Customer can seamlessly trigger third party risk management services utilizing our convenient customer-requested pre-assessment functionality.
Beaconer conducts the vendor risk assessment
Beaconer AI retrieves requests and gathers relevant details from the information hub, ensuring comprehensive and prompt completion of vendor risk assessment.
Assessment review-perfection achieved!
Our CISSP certified assessors rigorously scrutinize each third party risk assessment round, guaranteeing unrivaled quality and accuracy.
Customer dashboard receives report
Managing third party risk becomes easy by tracking your vendor risk assessment progress and remediation activities effortlessly in your personalized dashboard. Stay in control as our system provides you with real-time updates and comprehensive visibility for all your third party risk assessments.
Extended support & monitoring
We provide extensive support of third party risk management services throughout the remediation phase, ensuring your success every step of the way.
Our customized third party risk management services takes managing third party risk to new heights. We surpass reliance on existing reports with individual assessments for every request.
Third party risk assessment
Beaconer's platform streamlines vendor risk assessment for faster risk reduction and compliance, combining automated assessments and continuous monitoring.
Realtime updated information hub
Access a real-time updated information hub, providing the latest and most relevant data at your fingertips. Stay informed and make informed decisions with ease.
Customized third party risk assessments for your scope
Receive tailored assessments specifically designed to match your unique scope and requirements. We customize our approach to ensure accuracy and relevance.
Ongoing vendor posture monitoring
Benefit from continuous risk monitoring of vendor posture, ensuring you stay informed about their security status and performance in real-time.
Benefits of Third Party Risk Management Services
- Beaconer can handle the complexities of vendor risk management, so you can focus on your core business objectives and achieve sustainable growth.
- Our expert team and cutting-edge technology can help you maximize efficiency, strengthen vendor relationships, and safeguard your business reputation.
- Our comprehensive third party risk management services can help you experience enhanced risk mitigation, streamlined processes, and improved compliance.
Exceptional customer experiences - that's what we strive for..
Beaconer's exceptional support enabled us to establish our Third-Party Risk Management (TPRM) program seamlessly from scratch. Their comprehensive managed services seamlessly handled every aspect of our TPRM needs, demonstrating a deep commitment to understanding our specific requirements and continuously seeking opportunities for improvement
Vinay Kumar
CEO of Sudoviz
Beaconer provided us with exceptional service in third-party risk management. Their advanced tools and machine learning platform has helped us streamline our assessment process and reduce costs, while also improving our results.
Parth Jaghir
Chief Operating Officer
FAQs
Third party vendor risk management is crucial as organizations increasingly rely on external suppliers for third party risk management services, tprm software and products. Managing third party risk helps mitigate cybersecurity threats, data breaches, regulatory non-compliance, and reputational damage, safeguarding business operations, customer trust, and overall resilience in an interconnected business landscape.
Industries across the board, from finance to technology to healthcare, benefit from third party risk management services. Managing third party risk provides essential oversight in sectors where third party dependencies are prevalent, ensuring compliance, proper vendor onboarding, data security, and operational continuity, thus safeguarding against potential disruptions and reputational harm.
Failing to implement third party risk management services can lead to severe consequences such as data breaches, regulatory penalties, financial losses, and damage to reputation for organizations. Without proper oversight, organizations risk exposing sensitive information, facing legal repercussions, and undermining trust among stakeholders, potentially jeopardizing their long-term viability.
Yes we absolutely prioritize data protection when managing third party risk and it is an essential part of our third party risk management services. By safeguarding sensitive data, we mitigate the potential for data breaches, regulatory violations, and reputational damage. Strong data protection measures foster trust among stakeholders and ensure compliance with privacy regulations for our organization.
Getting started with Beaconer’s third party risk management services is straightforward. Simply reach out to our team to discuss your specific needs and objectives. We'll work closely with your organization to assess your current risk landscape, tailor our services to your requirements, and implement effective risk mitigation strategies to safeguard business operations from your third and fourth party vendors.
