Identify, assess, mitigate and monitor third-party risks effectively and efficiently.

Improve your risk posture with our Third-Party Risk Management (TPRM) services.

A Proactive Approach to Third-Party Risk

Most organizations today outsource certain services to third parties to enhance their business processes. Companies get a lot of value from leveraging outside expertise and services, whether it is reducing costs, or overcoming resource constraints.

But while the value is undeniable, so are the risks.

With the number of third-party related breaches on the rise, organizations are turning their attention to implementing effective Third-Party Risk Management (TPRM) programs, but many do not know where to begin.

Effective TPRM must be far more than a “check the box” compliance exercise.

Holistic TPRM requires a proactive and comprehensive approach to ensure that third-party risks are adequately managed. At Echelon, we partner with you to understand your unique third-party ecosystem and risk appetite to customize the right approach and reduce the complexity caused by outsourcing services.

Comprehensive Services, No Matter Where You’re Starting From

Echelon offers a comprehensive set of TPRM solutions to help you improve risk posture and achieve regulatory compliance through a value-added partnership.

Examples of how we can help include:

TPRM Program Maturity Assessment

We partner with you to perform a comprehensive assessment to help take stock of your current TPRM program across several foundational areas. From there, we provide a holistic view of your program, identify risks, establish a target-state, and provide actionable recommendations to improve your unique environment.

TPRM Remediation & Support

After completing our TPRM Maturity Assessment, we focus on remediation activities for your organization’s unique third-party environment to help you achieve a higher state of TPRM maturity.

Here are some common remediation activities that we help our clients achieve:

  • TPRM process augmentation
  • Third-Party risk assessment development
  • Risk register and control library enhancement
  • Third-Party inventory rationalization

TPRM Strategy

TPRM is not a “one size fits all” exercise, so we partner with you to customize a strategy that is right for your organization. Whether you are just starting out on your journey or have an established program, we collaborate to meet you where you are.

Areas where we focus include:

  • Third-Party risk identification
  • Third-Party criticality rating
  • Program governance development
  • Policy and procedure development
  • Contract management
  • Process development and implementation
  • Employee training
  • Tool selection and implementation

TPRM As a Service

We understand the time and investment required to manage a TPRM program. TPRM as a Service allows us to perform the heavy lifting for your TPRM program and arm you with the data necessary to make the best risk-based decisions for your organization.

Our offering includes:

  • Assessment distribution and review
  • Specialized assessments (e.g., web application security, ESG evaluations, penetration testing evaluations, etc.)
  • Due Diligence (e.g., SOC report review, compliance reviews, risk rating, etc.)
  • Risk remediation
  • Continuous monitoring
  • Report & dashboard development
  • vCISO / Risk Management Officer

TPRM Technology Implementations

Given the number of third parties that organizations use and the complexity they bring, it is very difficult to effectively manage a TPRM program without the use of a technology platform. We partner with you to implement and end-to-end platform that supports your unique TPRM program through the following:

  • Business and functional requirement development
  • Process design
  • Tool configuration
  • Data ingestion
  • Organizational training
  • Ongoing support
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