EY Third-Party Risk Management (TPRM) offering empowers businesses to effectively manage third-party risks through automation and intelligence. This offering integrates internal and external data for a comprehensive view of the third-party ecosystem, and streamlines inherent risk profiling, control assessments, findings management, and monitoring. The TPRM offering fosters effective governance, cross-functional integration, and ongoing monitoring, which in turn enhances compliance, rapid evaluation, and consistent assessments, converting risks into opportunities for value creation.

Results/Outcomes:

- Gain enterprise-wide visibility into risk and compliance: Adopt a cohesive data model to unify your ecosystem and gain a comprehensive view of risk.
- Build operational resilience and agility: Build your risk architecture the right way using best practices for implementation and governance.
- Drive down costs and create sustained value: Harness the capabilities of next-generation technology to capture, protect, and sustain value.

Functional Features:

- Inherent risk profiling
- Control assessment execution
- Findings management
- Monitoring

Technical Features:

- ServiceNow VRM
- EY TPRM accelerator
- Integration with internal / external data sources