Risk - Third-Party Risk Management Software
Award-winning TPRM maps your extended enterprise
Map, monitor and mitigate third-party risk in real-time to build true resilience.
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
Seamlessly connect risk
A fully connected GRC platform brings risk data from across your extended enterprise into one place.
Boost collaboration
Data-sharing via secure portal access for third parties and all 3 lines of defence makes collaboration effortless.
Never outgrow your tools
Don’t let growth lead to complexity. Our truly agile platform adapts and scales with you.
Full lifecycle compliance
Manage enhanced due diligence, service level agreements and contract management in one place with complete audit trails and built-in reporting.
See your data in a new light
Make your data work for you. Live data and real-time reporting support evidence-based decision making.
Easy to learn, even easier to use
Intuitive UX, role-based access and @notifications makes driving adoption easy for all users.
Third-party Risk Management Features
See all of your risk landscape
Complete third-party compliance
Support for any law, standard or framework. Confirm global compliance with an agile platform that adapts to your needs now and into the future. Combine requirements into single assessments and inform richer policies with integrations to regulatory content providers.
Featured Brochure
Third-Party Risk Management 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.
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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.
