Third-party risk management

Safeguard your company from potential risk brought by third-party vendors

Comprehensive approach to reducing third-party and vendor risk

In today’s complex market, companies are more often turning to specialized contractors and third-party service providers to focus on core activities. However, many organizations have learned this practice comes with a certain measure of risk. Whether a professional service provider makes an honest mistake or technology service provider encounters a cyberattack seizing operations, it introduces a level of risk that must be addressed. 

A well-designed third-party risk management program allows you to get maximum value with minimal risk. Which is why at RSM, we take a holistic approach to assessing risk and developing a customized approach tailored to your unique third-party strategy and business goals. Our comprehensive methodology for managing third-party risk helps you address major sources of risk, including strategic, compliance, operational, transactional, environment social governance and reputational. 

Third-party risk services include:

Contract terms are often complex and difficult to interpret and monitor. RSM’s contract risk and compliance team analyzes complex agreements, identifies monetary non-compliance, assesses large datasets and navigates sensitive situations to deliver high value and transparency. Our contract compliance specialists provide services across the contract lifecycle; negotiation and execution to monitoring, management and termination. 

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