Coupa Third-Party Risk Management Mitigate Third-Party Risk and Reduce Compliance Costs

Third-Party Risk Management

Assess and Mitigate Third-Party Risk Across Multiple Risk Domains

Ditch the spreadsheets and start using data-driven workflows to assess your supply base on critical third party risk domains, improving efficiency while protecting your brand and bottom line.

  • Assess Third-Party Relationships

    Understanding what each third party is doing and why to intelligently identify and make an accurate assessment of risk exposure.

  • Minimize Supply Risk in the Value Chain

    Develop a multi-level third-party risk assessment model that includes each third party and their relevant fourth parties.

  • Manage Risk Proactively

    Communicate risk to decision makers and maintain regulatory compliance — all while reducing compliance costs.

  • Assess Third-Party Relationships
  • Minimize Supply Risk in the Value Chain
  • Manage Risk Proactively

Case Study: Bank of Montreal (BMO)

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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.
Manage Multiple Risk Domains
Get comprehensive data and information to model risk and ensure third party compliance across InfoSec, Anti-Bribery Anti-Corruption (ABAC), GDPR, and many other domains even as new domains emerge.
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 return of sensitive data — while streamlining termination and transition and maintaining auditable records.
Include Risk Protections in Contract
Use Coupa Contract Lifecyle 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