84%
84% of organizations share critical data or assets with third parties.
Third party risk management becomes simpler with TP Comply’s AI-powered platform. Automate vendor assessments, gain complete risk visibility, and manage compliance from a single platform.
Request a DemoA growing vendor ecosystem, limited team resources, and manual processes make third party risk more difficult to identify, assess, and manage on time.
84% of organizations share critical data or assets with third parties.
61% of organizations have experienced a data breach caused by a third party.
The cost of a cyber breach caused by a third party is typically 40% higher.
60% of organizations still manage their third-party risk management processes manually.
58% of organizations are working with more third parties than in the previous year, despite no change in team size. Teams responsible for third-party management are also forced to operate with an average of 30% fewer staff than they need.
This causes critical risks to be identified too late and leads to an increase in security breaches and compliance issues.
TP Comply increases operational efficiency by automating third party risk and compliance management processes with trained artificial intelligence.
Reduce third-party onboarding and routine assessment times by more than 80%.
Achieve more than 50% workforce savings in third-party risk and compliance operations.
Reduce third-party-related risk incidents by up to 60%.
Choose strategic and operational solutions designed to manage third party risk across daily operations, compliance workflows, and enterprise decision-making processes.
Reduce manual workload and manage third party risk by centralizing vendor assessments, tasks, evidence, and follow-up processes on a single platform.
Increase enterprise risk visibility, strengthen management reporting, and manage regulatory compliance processes.
Standardize third party risk management from vendor onboarding and continuous monitoring to controlled offboarding.
A standardized onboarding process helps organizations identify third party risk before beginning a new vendor relationship.
Assessment criteria are defined by the system, while responses and required evidence are collected centrally.
Avoid asking the same questions repeatedly and share authorized assessment results across teams.
Create vendor-specific contract clauses based on assessment results and track renewal dates.
Automatically create and prioritize risks and action items, and initiate escalations when necessary.
Continuous monitoring provides up-to-date visibility into third party risk throughout the entire vendor lifecycle.
Keep third-party risk and compliance status up to date through periodic assessments.
Benefit from ready-to-use compliance controls and manage common requirements within a single assessment.
Respond quickly to risk incidents through early warnings and response workflows.
Make the development of your risk program visible to management through current and historical reports.
Securely share contracts, evidence, and documents with authorized users.
Enable risk, security, legal, and procurement teams to work from the same up-to-date information.
Reduce third party risk during offboarding by centrally managing access permissions, documents, data destruction controls, and transitions to alternative vendors.
Get More InformationComplete all checks related to contracts, data, documents, and outstanding tasks.
Revoke access and automatically notify the relevant teams.
Accelerate the transition to pre-approved alternative vendors.
Automate repetitive tasks in third-party compliance and risk management processes with a trained AI model, and ensure that every stakeholder manages the process consistently and to the same standard.
Benefit from AI-powered automation trained specifically for compliance and risk management.
Strengthen collaboration through a shared platform where all stakeholders can work with the same data.
Strengthen your assessment processes with external independent audit support.
Request a demo to discover how TP Comply helps your organization automate third party risk assessments, strengthen compliance, and improve risk visibility.
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