Third-Party Risk Management (TPRM)

Set up a smooth process for assessing your third parties. Effectively manage the compliance of your potential and current third parties to your security requirements!

Why assess your third parties?

Ensuring third-party compliance with security requirements can be laborious. With Phinasoft, let your contractors access a dedicated assessment portal, gain visibility into their maturity level and more easily establish your Security Assurance Plans.

Use Cases

  • Create questionnaires dedicated to third-party assessment
  • Submit compliance questionnaires to your third parties
  • Collect responses and view associated indicators
  • Export requirements to integrate into your SAP
P Third Parties A Third Party Alpha Score: 87% B Third Party Beta Score: 64% C Third Party Gamma Score: 92% Third Party 3 Third Parties
Questionnaire 1 2 3 Edit + Add OK New

Create Your Questionnaires

  • Establish a list of requirements your third parties must comply with
  • Add complementary questions to each requirement
  • Generate the standard assessment to study third-party compliance

Submit on a Dedicated Portal

  • Make final adjustments before sending
  • Send portal access for third parties to complete the assessment
  • Track progress and analyze responses

Monitor Your Global Process

  • Build profiles for each of your third parties
  • Find all completed assessments
  • Track key global indicators: progress, compliance, actions…

Reports & SAP

  • Generate summaries and reports based on chosen criteria
  • Build your customized dashboards
  • Integrate reports into your Security Assurance Plans

History & Reviews

Easily find all assessments performed on the same third party. Start from a previous assessment instead of scratch. Update compliance level as action plans progress.

Frequently asked questions

What is TPRM (Third-Party Risk Management)?

TPRM is the process of identifying, assessing and monitoring risks associated with suppliers, contractors and partners. It is a requirement reinforced by recent regulations (DORA, NIS2, GDPR).

How does Phinasoft help comply with DORA and NIS2?

Phinasoft maps your critical third parties, assesses their security posture through customisable questionnaires, tracks remediation plans and generates the reports required by DORA (financial entities) and NIS2 (essential and important entities).

How do third-party assessment questionnaires work?

You configure questionnaires based on your frameworks (ISO 27001, SecNumCloud, custom). Phinasoft automatically sends questionnaires to third parties, manages reminders, scores responses and generates a consolidated report with an action plan.

A platform and service that adapt to you

Our platform is designed for fine-tuned configuration and broad adaptability to your needs.

Request a demo