Digital-led Risk Transformation

Third Party Risk Protect

Tool for third party risk management programs

A PwC India Product

PwC’s Third-Party Risk Protect tool is designed to transform the end-to-end third-party risk management program by accelerating the third-party onboarding, ongoing due diligence, and termination to efficiently manage the associated risks and reduce the potential third-party-related security breaches. It delivers a workflow and reporting capability covering the entire third-party risk management lifecycle from onboarding till termination along with value-added capabilities around adverse event reporting, third-party-related due diligence, and contract lifecycle management.

Major challenges in identifying risks that third-parties pose

Inefficiencies of manual processes

Increased errors as spreadsheets and emails are used to handle TPRM assessments of increasing complexity and scale

Lack of visibility

Lack of a common and consolidated view into the third-party risk profile for executive leadership

Inefficiency

Inefficiency and lack of agility as third-party management teams operate in siloed

Lack of flexibility

High upfront investment in terms of cost and time prevents businesses from adopting a GRC based third-party risk management tool

Identifying and mitigating risks with PwC India’s Third Party Risk Protect Solution

Our Third-Party Risk Protect tool is designed to manage the risks around the end-to-end Third Party Risk Management  lifecycle. The tool provides a multitude of benefits around the process, technology, commercial and governance aspects.

01

Seamless Integration

End-to-end TPRM tool covering workflow management, third-party due-diligence, contract documentation management and real-time reporting platform

02

Scalability and Accountability

Integrated tool enables organisation to save time and improve resource efficiency to scale their third-party risk management program across organisation  Audit Trail, SLA Management enable full accountability and traceability of actions and changes across operational levels and steps

03

Real Time Visibility

The real-time reporting capabilities enable effective and timely action and decision-making across business process operations

04

Faster Time to Value

Lower cost of implementation leveraging start-of-art technology, intuitive onboarding experience and cloud-based deployment model

05

Addressing Supply Chain Risk

Managing control on extremities of the partner ecosystem. Addressing risks from subcontracting or inconsistent security measures. Managing impact on one part of the portfolio affecting the others

Functioning of our Third Party Risk Protect Tool

Brochure

Third Party Risk Protect

Speak with an Expert

Get in Touch

Product Owners

Manpreet Singh Ahuja

Chief Digital Officer, PwC India

manpreet.singh.ahuja@pwc.com

Aman Goel

Managing Director

aman.goel@pwc.com

Recommended Products

You may be interested in

© 2023 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity.
Please see www.pwc.com/structure for further details.

The PwC Store uses open source software.