IT and Cybersecurity
Experience-based platform
Managed service

Third party Risk Management.AI

Enhance the end-to-end third-party risk management lifecycle, from onboarding through the offboarding phases.

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Your challenge

One of the significant challenges that companies face in recent years is the increasing dependencies on third parties. While leveraging can offer cost-saving benefits, it also presents substantial risks. Most companies don't have enough money or know-how to deal with these problems. Consequently, they can find themselves exposed to potential issues related to loss of operational control, data security breaches, quality control problems, and over-dependence on external vendors.

Examine the health of your vendor ecosystem throughout its full lifecycle, from the onboarding workflows to ongoing AI-driven risk assessments and end-to-end scenario testing. Here are the key benefits :

Automation

AI-driven automation reduces manual effort and errors in data collection and analysis, improving accuracy in vendor selection and risk assessment.

Ongoing Review

Regular conduct of due diligence on third parties provides continuous assessment and monitoring of associated risks, ensuring timely detection and resolution of potential issues. Additionally, an analysis of contracts and contractual commitments can be conducted to verify their compliance and alignment with risk management standards.

Customization

Customizable dashboards foster transparency and communication with stakeholders, enhancing compliance efforts.

Testing

Regular execution and testing of exit strategies in collaboration with internal teams can help reduce internal costs.

"As an engagement partner at PwC, I am extremely proud of our innovative approach to Third-Party Risk Management (TPRM). Our AI solution is a tangible proof of our commitment to innovation and our desire to create powerful tools for our clients. I am convinced that our solution will continue to have a positive impact on how businesses approach third-party risk management, and I am honored to be a part of this initiative."

Jean Bernard Rambaud, PwC France & Maghreb

Pricing

STANDARD UNIT OFFER - STANDALONE

For an organization wishing to evaluate a limited number of third parties (< 10 third parties)

- AI-based due diligence assessment, focusing on cybersecurity aspects.

- Elaboration/formalization of residual risks with follow-up with third parties on residual risks post due diligence assessment.

From 3,800 Euros for each third party

PRO OFFER

For organizations with a moderate number of third parties (<10 - 40>)

- Performance management and monitoring with our KPI/RPI for your third parties.

- AI-based due diligence assessment, focusing on cybersecurity aspects.

- Elaboration/formalization of residual risks with follow-up with third parties on post due diligence assessment residual risks.

From 79,000 Euros per year

Price for 40 third parties, 3% discount for each third party

Set-up: 9,000 Euros

BUSINESS SUPPORT OPTION

For an organization looking to develop the TPRM Delivery Model beyond the functionalities included in the Standard, Pro or Enterprise packages

- Development of due diligence questionnaires tailored to your organization's unique requirements (DORA, EBA, etc.).

- Precise identification of the register of Third Parties to be assessed.


- Establish the criticality of the third party according to its involvement in your organization.

From 43,000 Euros (on request)

CORPORATE OFFER

For organizations with a large number of third parties (>40 third parties)

- Performance management and monitoring with our KPI/RPI for your third parties.

- AI-based due diligence assessment, focused on cybersecurity aspects.

- Elaboration/formalization of residual risks with follow-up with third parties on post due diligence assessment residual risks.

From 187,000 Euros per year*

*Price for 40 third parties, 5% discount for each third party

Set-up: 9,000 Euros

BUSINESS SUPPORT OPTION

For an organization looking to develop the TPRM Delivery Model beyond the functionalities included in the Standard, Pro or Enterprise packages

- Development of due diligence questionnaires tailored to your organization's unique requirements (DORA, EBA, etc.).

- Precise identification of the register of Third Parties to be assessed.


- Establish the criticality of the third party according to its involvement in your organization.

From 43,000 Euros (on request)

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