What we do
Organizations are challenged in managing their third parties due to continuing globalization of markets with increasing compliance requirements, expanding outsourcing of business processes and use of hyper-connected cloud environments that possess great risk to the enterprise. Third parties are used for a wide range of products and services which are subject to unforeseen disruptive events that can cause significant damage including compliance violations, security breaches, financial losses from errors and fraud, and jeopardized reputation. Visibility and continuous monitoring of the risk of these events occurring with a third party requires substantial time and resource investment. Organizations need to take a risk-based approach to better understand their third-party relationships and prioritize their limited resources on the highest risk areas.
Templar Shield’s TPRM solution provides an integrated holistic approach to third party risk management including integration capabilities to gather data from service providers using external surveys triggered to vendors on demand, continuous security monitoring and financial health rating analysis.
Learn about one example of how we’ve leveraged the power of third party services and technologies to provide enhanced third party management services here.Click Here
Learn more about how the Next Generation Third Party Risk Management solution is leveraged in our vendor management as a service offering here.
Templar Shield provides an integrated holistic approach to third party risk management. One of our technical solutions is built upon RSA Archer’s TPRM solution. With this, you are provided with capabilities to manage automated workflows, notifications, and reporting to manage vendor relationships, track SLAs, monitor compliance, facilitate due diligence reviews, measure financial viability, manage and assess engagements, and manage third party findings and remediation. Achieve a comprehensive vendor risk profile through extended capabilities to gather data from vendors and service providers using external surveys triggered to vendors on demand, and continuous security and financial health ratings from leading service providers.
Our offerings span vendor processes and multiple technology platforms. We assess your environment to find the right solution to meet your exact needs.