Third-Party Risk Management
Vendor Risk Assessment & TPRM Program
A right-sized third-party risk management program: vendor inventory and tiering, security questionnaires and evidence review, contract and DPA clause guidance, continuous monitoring cadence, and offboarding controls - aligned to ISO 27001, SOC 2 and DPDP/GDPR expectations.
At a Glance
Alignment
ISO 27001 / SOC 2
Coverage
Full vendor lifecycle
Tiering
Risk-based
Output
Audit-ready register
TPRM
Third-Party Risk Management
Vendor Risk Assessment & TPRM Program
The Problem
Your security is now your vendors' security. One breached supplier with access to your data becomes your breach, your notification duty and your fine - and most companies can't even list their critical vendors.
What We Do
- Inventory
- Assess
- Contract
- Monitor
- Offboard
What You Get
- Complete vendor inventory and risk tiering
- Questionnaires sized to vendor criticality
- Evidence review: SOC 2 reports, ISO certs, pen tests
- DPA and security-clause contract guidance
- Meets ISO 27001 A.5.19-5.23 and SOC 2 vendor criteria
- Supports DPDP and GDPR processor obligations
- Continuous monitoring and re-assessment cadence
- Secure offboarding and access revocation
Why weeks, not months
AI-assisted evidence review, one client portal
Every TPRM engagement runs on the Praxis-Q compliance platform. You upload evidence per control, AI scores it against the requirement, and your auditor reviews in the same workflow — from scoping through to the issued, publicly verifiable certificate.
AI evidence scoring
Every upload is scored against the control before an auditor sees it — gaps surface in minutes, not at the review meeting.
One client portal
Scoping, evidence, auditor queries and status live in one place. No email chains, no spreadsheet trackers.
Auditor sign-off
Praxis-Q auditors review inside the same workflow, so review rounds shrink and the certificate issues sooner.
Why Third-Party Risk Management Matters
A single vendor breach can become your breach. When a supplier with access to your data is compromised, notification duties, fines and reputational damage fall on you. Yet most organizations lack a basic vendor inventory, let alone a risk-tiered assessment program. TPRM eliminates that blindness. ISO 27001:2022 controls A.5.19-5.23 explicitly require supplier management; SOC 2 auditors demand evidence of vendor vetting and monitoring. GDPR and DPDP impose processor-accountability rules. Regulatory frameworks globally now assume you've assessed and continuously monitored third-party access. A structured TPRM program is compliance infrastructure—it reduces breach likelihood, satisfies auditors and proves due diligence if an incident occurs.
Our TPRM Program Approach
Praxis-Q designs right-sized vendor risk programs: (1) Inventory & Tiering—build a complete register, classify vendors by data sensitivity and criticality; (2) Assess—deploy tiered questionnaires (deep for critical, lightweight for low-risk) and review independent evidence like SOC 2 Type II reports, ISO 27001 certificates and penetration-test summaries; (3) Contract—provide security-clause and DPA templates aligned to GDPR and DPDP; (4) Monitor—establish re-assessment cadence, breach-watch alerts and expiry tracking; (5) Offboard—enforce access revocation, data return/destruction and closure evidence. All deliverables are audit-ready, mapped to ISO 27001 and SOC 2 control frameworks, and delivered in 15-20 business days from India and global offices.
Evidence Review & Control Alignment
Not all vendor questionnaires are equal. Praxis-Q reviews hard evidence—SOC 2 Type II reports, ISO 27001 audit certificates, penetration-test results and security policies—rather than relying solely on self-reported answers. This reduces audit friction and strengthens your defense against compliance challenges. Our assessments are explicitly mapped to ISO 27001 A.5.19-5.23 (supplier relationship management), SOC 2 vendor criteria under the Trust Service Criteria, and GDPR Article 28 (processor obligations). DPDP Act compliance for data processors is embedded. Auditors see clear linkage between your vendor register, assessment evidence and control environment. This alignment shortens audit cycles and demonstrates governance maturity.
Continuous Monitoring & Offboarding
TPRM is not a one-time exercise. Praxis-Q embeds continuous monitoring: annual or risk-based re-assessment, breach-watch alerts for your vendor ecosystem, contract-expiry tracking and renewal triggers. When a vendor relationship ends, our offboarding controls ensure access revocation, data return or secure destruction, and closure evidence retention. This ongoing cadence satisfies auditor expectations for dynamic risk management and reduces likelihood of a dormant vendor becoming a forgotten attack surface. The entire lifecycle—from onboarding questionnaire to offboarding checklist—is documented and ready for regulatory inspection.
Fast-Track Delivery & Global Reach
Praxis-Q's 15-20 business day fast-track USP means your TPRM program is operationalized quickly—critical for organizations nearing audit windows or facing vendor-audit scrutiny. Our India HQ and global delivery footprint enable cost-effective assessment at scale while maintaining local regulatory knowledge (DPDP for India, GDPR for EU, local rules for APAC and Americas). Whether you manage 50 vendors or 500, our tiered approach and template-driven workflows compress timelines without sacrificing quality. You receive a fully documented, risk-ranked vendor register, assessment summaries, contract templates and a monitoring roadmap—all audit-ready.