Stop guessing. Start assessing.
Risk, performance, and value assessments usually happen in separate silos, with nothing tying them together. Without a standard approach, vendor reviews come down to subjective opinion instead of a documented, fact-based assessment of contractual commitments and performance.
3rd Party Toolbox (3PT) turns your third-party risk management program from a check-the-box compliance requirement into an enterprise value strategy. It takes an integrated, 360-degree approach to managing risk, performance, and value, and how they relate, across your vendor inventory and within categories.
See every vendor in three dimensions
- Risk: inherent and residual
- Performance: SLAs and KPIs
- Value: commitment, flexibility, innovation, thought leadership, and subject matter expertise
Vendors are organized by category, by vendor type and service type, so you can compare like with like.
The questions 3PT answers
For each vendor, are they:
- Mitigating risk?
- Meeting their contractual SLAs?
- Satisfying your key performance indicators?
- Delivering value as a true business partner?
Foundational Knowledge
Third Party Toolbox brings together the best practices for Vendor Management as embodied in the Certified Regulatory Vendor Program Manager (CRVPM®) certification and related body of knowledge. Learn more at Compliance Education Institute