Third-Party Risk Management with Coupa
Explore how our products can enhance, extend, and empower your third-party risk management efforts.
Understand Relationships and Risks
Gather internal information on exactly what the third party is doing, why, and what resources they will have access to.
Get the Right Data
Based on what the third party is doing and the risks identified, use domain-specific templates to gather the right information for risk mitigation and compliance.
Develop Multi-Tier Risk Models
Ensure compliance and effective risk management by extending your data gathering and risk modeling to include third and fourth parties.
Proactively Mitigate Risk
Take action to de-risk the base of third parties, managing corrective action plans as needed and transitioning spend away from high-risk suppliers where appropriate.
Drive Off-Boarding Compliance
Ensure compliance with contractual terms for off-boarding — such as the return of sensitive data — while streamlining termination and transition and maintaining auditable records.
Include Risk Protections in Contract
Use Coupa Contract Lifecycle Management to ensure that the risk protections required based on your inherent risk assessments are included in contracts with third parties. Adjust contract terms to address action plans as needed.Explore Contract Lifecycle Management