Based on your capabilities assessment results, Schneider Downs also can develop a comprehensive implementation project plan with targeted goals and benchmarking.
This helps to operationalize a Third Party Risk Management program to achieve the targeted levels of maturity and build the capabilities an organization envisions. Organizations may know where they want their TPRM program to be in the years to come, but without a fine-tuned road map to guide the process, it can become an insurmountable task. Program implementation can include the following:
If your business doesn’t have a TPRM program yet, Schneider Downs can work with you to develop a program that is right for your organization. We can help you build a strong foundation and guide you through each component of our model.
Built by our tenured team of security, risk and compliance practitioners. We have leveraged decades of diverse subject-matter expertise and experience to be able to provide the following resources and tools:
The Schneider Downs Risk Advisory Services team has the expertise, credentials and tools to help you build, implement, recalibrate, and manage a world-class third party risk management program. We understand that outsourcing business functions to third parties is essential in today’s business environment. While outsourcing provides benefits such as increased efficiency and cost savings, it also increases an organization’s risk exposure to a myriad of threats presented by outsourcing. Understanding how to identify and manage the risks presented by third party providers is vital for any business.
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