Risk - Third-Party Risk Management Software
Award-winning TPRM maps your extended enterprise
Manage your entire third-party landscape in one place.
Trusted to deliver by industry leaders
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We migrated our Risk Management framework straight into Decision Focus globally within one quarter. The speed of the implementation was impressive, and Decision Focus has been a pleasure to work with.
Peteris Tora
Supply Chain Planner, Novo Nordisk
A custom solution, ready in weeks
Fully integrated, built to scale with your business, and ready to use in weeks, not months.
Configurability, not complexity
Delivering business benefits
End-to-end supplier oversight
Manage every stage of the supplier lifecycle, from onboarding and tiering through to ongoing monitoring, in a single, structured platform.
Streamline supplier onboarding
Replace manual processes with AI-assisted onboarding workflows that accelerate setup and reduce administrative burden for your team.
Strengthen due diligence
Issue and manage due diligence questionnaires via your own supplier portal, with built-in workflows and two-factor authentication.
Continuous ongoing monitoring
Confirm compliance and stay ahead of real-time threats again and again. Manage audits, findings, performance reviews, and related actions.
Centralise third-party risk
Bring supplier risk assessments, controls, and cross-module risk data into one view, so you always know where you're exposed.
Stay DORA-ready
Meet DORA’s RoI requirements with confidence. Built-in validation, error-checking, and EBA exports ensure you’re always prepared to submit.
Third-party Risk Management Features
Efficient, compliant
third-party management
DORA-ready submissions
Maintain a fully compliant DORA Register of Information built to meet validation and submission requirements. Structured assessments tie together processes, suppliers, and contracts. Measure the criticality and replaceability of key third parties, identify exit plans for critical or high-reliance suppliers, and maintain evidence of compliance across your supply chain.
Featured Brochure
TPRM solution brochure
Decision Focus’ Third-Party Risk Management (TPRM) module is a central repository encompassing all associated third-party risk.
Get all the details on our single connected platform and learn how we provide 360° visibility of risks and controls, enterprise-wide, plus the real-time data insights necessary to focus thinking and inform risk-based decision making. Deep dive into the Decision Focus platform and see how you can equip your teams with all the tools they need to prioritise effectively, enhance resilience and respond the right way in even the most complex environments.
Get all the details on our single connected platform and learn how we provide 360° visibility of risks and controls, enterprise-wide, plus the real-time data insights necessary to focus thinking and inform risk-based decision making. Deep dive into the Decision Focus platform and see how you can equip your teams with all the tools they need to prioritise effectively, enhance resilience and respond the right way in even the most complex environments.
One unified platform
Build your perfect GRC solution
Our agile no-code platform adapts to your organisation, so you can pick and choose the solutions you need.
Related solutions
Enterprise Risk
Identify and manage risk across your entire enterprise with a dynamic risk engine that keeps you ahead of emerging threats.
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Operational Resilience
Defy disruption and safeguard critical operations to build resilience into your organisation.
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DORA
One unified platform to meet DORA requirements across all five pillars.
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Third Party Risk Management Software FAQ
Frequently asked Questions
What is third-party risk management (TPRM) software?
Third-party risk management software is a specialized platform that helps organizations identify, assess, monitor, and mitigate risks associated with external vendors, suppliers, and service providers. TPRM software centralizes vendor data, automates risk assessments, provides continuous monitoring capabilities, and generates compliance reports to help businesses manage their extended enterprise ecosystem effectively. The software streamlines processes that would otherwise require manual effort through spreadsheets and emails, enabling organizations to maintain visibility across their entire third-party landscape
Why is third-party risk management software important for my organization?
Third-party risk management is critical because external vendors can introduce significant cybersecurity, operational, compliance, and reputational risks to your organization. Recent data shows that 82% of organizations have experienced data breaches caused by third parties, with an average remediation cost of $7.5 million. Additionally, third-party incidents can exacerbate breach costs by more than $370,000. TPRM software helps organizations proactively identify and mitigate these risks before they result in regulatory penalties, business disruptions, or damage to customer trust.
What key features should I look for in TPRM software?
Essential TPRM software features include automated vendor onboarding workflows, customizable risk assessment questionnaires, continuous monitoring capabilities, risk-based scoring systems, integration with external data providers (such as BitSight or SecurityScorecard), configurable dashboards and reporting, compliance mapping to regulatory frameworks, and automated workflows triggered by risk thresholds. Advanced platforms should also support fourth-party risk visibility, ESG assessment capabilities, and integration with existing procurement and GRC systems.
Any questions?
Or just curious to see a demo
The Decision Focus team are here to answer your questions.
