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A Buyer’s Guide to Third-Party Risk Management Solutions

Capabilities to look for and questions to ask

This white paper looks at the strategic underpinnings of a best practice approach to third-party risk management (TPRM), including:

  • The TPRM life-cycle
  • TPRM-related compliance programs
  • Core TPRM functionality
  • Important “30,000 feet high” questions

It then provides a deep-dive into the seven key areas for consideration when assessing third-party risk management solutions:

  • Configuration
  • Integration
  • Usability
  • Third party engagement
  • Management
  • Analysis
  • Technical questions

The paper is an invaluable resource for organizations assessing their TPRM program and technology requirements. With more than 120 questions and points of evaluation – it will help organizations keep a strong focus on both their strategy for third-party risk management, as well as their tactical requirements when exploring the purchase of a new solution.

 

Aravo White Paper - A Buyer's Guide to Third-Party Risk Management Solutions

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