Triplicity
third party risk management
Assess the ongoing behaviour, performance and risk
of all your third parties
What can Triplicity do for my Business?
With Triplicity’s powerful cloud software, you can easily automate your third party risk management. Our Third Party Risk Manager helps ensure that your company’s risks are fully understood and well managed, applying a risk-based approach to your third-party vendors. For a complete overview, see the adjacent video.
Features
Triplicity automates all your processes, dramatically reducing your risk and improving strategic relationships with your key third-party vendors.
Features include:
- A third party register
- Workflows for risk profiling your third parties
- Assessments of inherent risk, including template questions for ISO27001 as well as GDPR and POPIA questionnaires to determine your third parties’ maturity
- Step 1: Third party identification
- Step 2: Third party risk profiling
- Step 3: Third party risk assessment
- Step 4: Third party risk reporting
- Step 5: Third party remediation
Identify High-Risk And Non-Compliant Vendors Through Our Intuitive Dashboard
Compare and rate your third parties by risk, category, business unit, or even the application of their agreed service. Improve reliability and reduce your risk by ensuring you continue to work only with parties that comply with industry best practice. Improve your performance by running several thousand third-party assessments simultaneously, and ensure all parties are assessed.
- Reduce effort.
- Ensure accountability.
- Meet regulatory requirements.
- Achieve your personal KPIs.
You Don’t Need An Army Of Auditors.
Triplicity is an IT Vendor Risk Management (IVRM) solution with a difference. We first profile each third party to provide their inherent risk specific to your business. The program leverages data analytics, business intelligence, security and regulatory frameworks.
Triplicity Built-in Assessments
Third Party Risk Management (TPRM) is still in its infancy, with only a handful of people able to implement it properly. Due to this current lack of expertise, the implementation of a TPRM programme is usually manual and ad hoc at best.
Triplicity provides built-in frameworks and processes that allow anyone to implement a successful programme. Our software will improve your organisation’s performance by allowing thousands of third party assessments to be completed simultaneously, ensuring in turn that all your third parties are covered. Improve the quality of your TPRM programme by using Triplicity.
INFORMATION SECURITY
Triplicity has a template questionnaire of 43 questions across 14 Domains. This helps you assess your third parties’ information security maturity levels. The questionnaire is based on the ISO 27002 standards.
PCI
DSS
Triplicity provides a questionnaire that will help your business determine a third party’s ability to secure credit card data.
NIST
Businesses bear accountability for activities involving both their internal and their external relationships. The Triplicity ABC questionnaire ensures your third parties know your stance
INFORMATION PRIVACY
Triplicity also provides a detailed privacy questionnaire in line with international privacy legislation. This can be used to directly address South African privacy requirements (POPIA) as well as the GDPR.
CONTRACT MANAGEMENT
Keep all contracts and addendums close at hand. Track renewal and expiry of all contracts.
MANAGE
SLAs
Ensure your third parties are maintaining key critical standards according to contractual and legal obligations, by developing specific weighted questionnaires that track the effective implementation of business controls.
Assess The Ongoing Behaviour, Performance And Risk Of All Your Third Parties
Triplicity simplifies, automates and leverages business intelligence. Giving you a powerful vendor risk management solution that not only does the job properly, but saves you time and money in the process.