Wipro's Third-Party Risk Management (TPRM) is a fast and efficient automated process of collecting, validating, and continuous monitoring of data with real-time visibility of threat and risk across all your third parties.
Wipro's TPRM champions holistic visibility across vendors and suppliers. Its agile framework solution addresses automation of the end-to-end lifecycle of TPRM processes - onboarding, detailed assessments, remediation planning and tracking, ongoing risk monitoring, and continuous monitoring with real-time visibility.
TPRM involves a comprehensive plan for the identification and mitigation of potential business uncertainties. The flexibility of this solution allows it to adapt and blend with current practices in the organization. TPRM focuses on assessing vendors across multiple ERM domains and makes an assessment based on a questionnaire, feeds, and intelligent data from independent external sources.
- Security benchmarking tools
- Threat exposure assessment tools
- Digital social exposure information along with intelligence from the deep and dark web
- Assesses political, economic, and social factors that define a country’s risk rating
- Extendable to various tools of your choice as part of the agile framework
TPRM combines all assessment inputs and external feeds to understand the vendor’s risk posture and then comes up with a rating.
Overall, the TPRM framework solution empowers organizations to onboard and assesses vendors securely while continuously assessing risk via automation across multiple ERM domains. This gives your organization confidence and peace of mind of knowing that your vendors’ security is continuously under watchful, expert eyes.