In this global market, third-party vendors are an extension and essential component of your business in providing strategic advantages. While these relationships can help build your business, it can also expose you to a considerable amount risk. While engaging with third parties it might become necessary to provide them with access to your physical locations, company processes, as well as confidential data.
With TRYUMP | Vendor Management, you can build and implement a third-party risk assessment program that can be standardized across multiple vendors. An automated and centralized third-party risk assessment program boosts your business in a number of ways:
- Protect Your Reputation: A strong and secure business reputation can translate to an increase in revenue for your business.
- Save Money: Managing the risk exposure posed by these third party relationships translate to a significant reduction in cost.
- Develop New Partners: Grow your business by fearlessly working 3rd party vendors that are handling your company assets securely.
- Risk Score: Know your risk numbers by consolidating, managing and analyzing your risk data by 3rd party, department or vendor type.
Whether you’re a small organization or a large enterprise you can fall victim to vendor negligence. TRYUMP can integrate into your current program or help you setup a new one so you can start assessing your vendors against more controls. Do more business with more partners without compromising your business assets or your reputation.