
Managing Director
CFE, CII, FCIISCM, CATS, CCPS, CFAP
Toll Free Number :
1800 121 300000
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
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.
Contact us at the Netrika office nearest to you or submit a business inquiry online.
Organisations are trying to be proactive with their monitoring to spot suspicious people and packages before crimes occur.
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.
click hereIt 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.
click hereVendor 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.
click hereThe different types of vendor risk assessment are financial risks, operational risks, legal risks and reputational risks.
click hereVendor 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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