Vendor Risk Management

Manage financial, compliance, due diligence, and litigation checks on suppliers to fool-proof your business

Get managed services to handle vendor risk assessment and monitoring. From onboarding vendors to collecting evidence to secure your business- leave your vendor risk lifecycle management on us and focus on what matters more.

The Catalyst Service from Netrika comes with

  Data and disclosure collection from suppliers

  Monitors critical and strategic suppliers

  Fast-track vendor onboarding with the best turnaround rate

Contact Us

Vendor Risk Management


Our Experts

Sanjay Kaushik
Sanjay Kaushik

Managing Director


Sanjay Kaushik
Salil Kapoor

Associate Director - Cyber Security

Vendor Risk Management

Third-Party Risk Management (TPRM) is the process of analysing and controlling risks presented to your company, your data, your operations, and your finances by parties other than your own company i.e., your business partners or vendors.

What Do We Cover?

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Vendor Profile
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Product Sampling
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Vendor Audits

Process We Follow

  • Identify all types of vendors
  • Analysing the risk associated with respect to outsourcing with vendors/third parties/business partners
  • Classify the vendors based on their risk exposure to the organisation
  • Create an effective vendor management framework
  • Create an effective vendor management framework
  • Assess supplier contractual arrangements
  • Identify all relevant compliance requirements and document how they are being met
  • Conduct onsite review of the vendors
  • Report gaps and recommend remedial measures to close the gaps
  • Regularly assess and monitor the effectiveness of vendor programs
What we offer
  • Data with integrity.
  • Our methodologies reflect a strict adherence to industry-recognized standards. Moreover, we deliver one of the highest educations and employment verification rates in the industry.
  • We design products and services that adapt proactively to current and future needs for screening.
  • Compliance-driven Strategies Risk mitigation is a crucial component for successful recruitment when developing the brand.
  • Fast Turnaround Times: To help customers make decisions even faster, we deliver real-time results as they are available, accelerate communications between third parties, and can leverage candidate-provided documentation where appropriate.
  • Global Reach: With today’s globalized workforce, it’s essential that your background check company be able to procure candidate background information from around the world.
  • 100 Years of cumulative Experience You Can Rely On.
  • Member of PBSA- Professional Background Screening Association.

Vendor risk management (VRM) is aimed at preventing business disruption, financial loss, and reputational harm from third-party goods, IT suppliers, and service providers by monitoring risks.

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It depends on the plan you devise to categorise your suppliers based on their criticality, establish thresholds for acceptable levels of risk and decide how you’ll constantly check on your suppliers’ security postures.

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Vendor risk management is crucial since it enables companies to make sure they aren’t working with vendors who provide an unacceptable level of risk. Businesses can more readily identify, evaluate, and implement controls to limit risks by putting in place a vendor risk management framework.

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The different types of vendor risk assessment are financial risks, operational risks, legal risks and reputational risks. 

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Vendor risk management program addresses future risks, ensures that the quality of service is not compromised, costs are reduced, service availability is improved, and financial & operational efficiencies are improved.

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Accreditations & Affiliations

Forensic Interview Solutions
Global E2C
Association of Certified Fraud Examiners
ASIS International
International Trademark Association
Institue of Directors
Award 2023
India IP award 2022
India IP award 2021
Entreprenuer of the Year Award 2020
Business Protection Award 2019
Cobra Award 2019
Business Sphere Award 2018
Fraud Investigator of the Year Award
Award for Outstanding Contribution in Risk Management
Security Project Design of the Year