Unlock the power of third-party risk management with KPMG

In today's interconnected business landscape, managing third-party risks is not just a necessity—it's a strategic imperative. With 60% of data breaches linked to third parties and the average cost of a breach reaching $4.88 million, the importance of robust third-party risk management (TPRM) cannot be overstated. KPMG’s Third-Party Risk Management as a Service (TPRMaaS) offers a comprehensive suite of solutions designed to transform your biggest risks into your greatest assets.

Find out how KPMG's expertise can help you and your company

Submit RFP

KPMG’s Third Party Risk Management as a Service

KPMG’s Third Party Risk Management as a Service (TPRMaaS) offers a comprehensive suite of solutions designed to transform your biggest risks into your greatest assets.

How we can help

Comprehensive solutions tailored to your needs

Our TPRMaaS portfolio is like a pie made up of slices. Whether you need a single slice—like third party cybersecurity assessments—or the full end-to-end service, we are here to support you. Our proprietary suite of ongoing, repeatable, outcome-based solutions ensures that you have a trusted partner by your side to identify, protect, monitor, and optimize your supplier risk program.

Key benefits of KPMG’s TPRMaaS:

Managing cybersecurity risks

Conduct thorough risk assessments and continuous monitoring to manage cybersecurity risks associated with third-party vendors.

Regulatory compliance

Ensure that your third-party vendors comply with all relevant regulations and standards, which is increasingly important due to a growing regulatory focus on TPRM.

Cost savings

Streamline processes such as SOC report reviews using AI-powered technology, reducing the time and resources required by up to 50%.

Operational resilience

Strengthen your organization’s resilience by optimizing the supplier risk program and managing technology platforms.

Data management

Leverage data to provide actionable insights, enabling effective management of third-party risks.

Technology enablement

Access an industry-leading TPRM technology platform and skilled-driven consulting services for end-to-end lifecycle management.

Our services

Program design and risk assessments as a service

Design a better third-party risk program, build vendor profiles from the ground up and conduct ongoing repeatable vendor assessments to continually monitor the health of vendors in line with risk appetite as well as the target operating model.

SOC report intelligence as a service

Unlock the first gate towards supplier risk nirvana. Our solution drives efficiency and consistency in the SOC 1 and SOC 2 report review process, reducing the time and resources required by up to 50% while ensuring thorough reviews and insights to enable more risk-intelligent decision making.

Third-party cyber risk management

Our comprehensive solution evaluates and manages the cybersecurity risks associated with your third-party vendors, providing continuous monitoring and compliance checks.

Third-party risk management technology enablement

We provide clients with an industry-leading TPRM technology platform, powered by our preferred vendor partners, to guide you through the entire TPRM lifecycle. We had a variety of vendors we work with to enable our clients to reach their target state – these include OneTrust, BigID, Archer, ServiceNow just to name a few.

Third-party identity and privacy assessments

Ensure your vendors uphold the highest standards of data protection and privacy compliance with our specialized assessments.

Third-party corporate intelligence services

Conduct initial and ongoing third-party background checks to ensure the validity and reliability of your vendors.

Third-party fraud investigations

We conduct fraud investigations against third parties to evaluate and measure the risks posed.We conduct fraud investigations against third parties to evaluate and measure the risks posed.

Transform your risks into opportunities

With KPMG’s TPRMaaS, you can not only meet but thrive against third-party regulatory requirements, automate mundane tasks, and strengthen your resiliency muscle. Our advisory services can identify, analyze, monitor, and report cyber risks posed by third-party relationships on an ongoing basis.

Join us for a seamless TPRM journey

Don’t let third-party risks become your biggest liability. Contact us today to learn how KPMG can help you optimize your Third-Party Risk Management strategy and secure your business’s future.