Overview
Managing third-party risk and compliance is no longer optional—it’s a critical component of enterprise security and trust. As organizations expand their reliance on SaaS platforms, cloud providers, and external vendors, the risk surface grows. Symosis helps you manage this complexity with a comprehensive Third-Party Risk Management (TPRM) solution that combines automation, frameworks, advisory support, and flexible delivery. Whether you’re looking to build a program from scratch or improve a specific part, we can help.
We work with the top TPRM platforms, including LogicManager, ServiceNow VRM, Archer, OneTrust, and ProcessUnity. Whether you’re deploying a new solution or customizing your existing platform, our team brings the experience needed to maximize value and ensure alignment with your security and compliance goals.
Common Challenges in Managing Third-Party Risk
Fragmented Vendor Intake Processes
Manual, spreadsheet-driven intake lacks consistency, auditability, and risk tiering logic.
Lack of Continuous Monitoring
Organizations often assess vendors only once a year, missing emerging threats, changes in posture, or expired documentation.
Unscalable Workflows
Without automation, re-certifications, reassessments, and remediation tracking become unmanageable as your vendor base grows.
Tool Complexity or Misuse
Powerful tools like LogicManager or ServiceNow VRM are often underutilized or misconfigured, leading to inefficiency.
Audit & Compliance Gaps
Lack of clear documentation, risk tiering, and mapped controls leads to failed audits or compliance delays.
How Symosis Helps
We support clients through flexible delivery—from full program ownership to support for a specific module. Our team is experienced across top platforms including LogicManager, ServiceNow VRM, ProcessUnity, Archer, and OneTrust.
Program Design & Governance
Build a program aligned to your risk appetite and compliance frameworks (ISO 27001, NIST, HIPAA, AI Act, SOC 2).
Define intake process, tiering logic, and governance
Develop policy, playbooks, and SLAs
Align with internal procurement/legal functions
Vendor Intake & Risk Tiering
Streamline intake through automation, data classification, and business impact analysis.
Risk-based tiering workflows
Integration with procurement tools (Coupa, Ariba)
Real-time visibility into vendor inventory
Risk Assessments & Due Diligence
Execute vendor assessments using SIG, CAIQ, or custom templates.
Security, privacy, business continuity, and ESG checks
Analyst-led or self-service workflows
Remediation tracking and risk scoring
Continuous Monitoring
Move beyond point-in-time reviews with active threat, risk, and compliance monitoring.
Integrate with tools like BitSight or SecurityScorecard
Reassessment automation based on tier or triggers
Early warning indicators
GRC Workflow Automation
Automate exception handling, reassessments, and remediation tasks inside your GRC.
Configure workflows in LogicManager, ServiceNow VRM, or others
Trigger-based workflows with SLAs
Integrated email/ticketing notifications
Reporting & Audit Readiness
Support compliance and executive communication with structured reporting.
Dashboards by risk, tier, control gap, or reassessment cycle
Downloadable audit packages and evidence trails
Reports aligned to SOC 2, ISO, NIST, AI Act, etc.
What We Deliver:
TPRM Program Strategy & Governance (ISO 27001, NIST, HIPAA, AI Act)
End-to-end or modular vendor assessments
Risk tiering models and intake workflows
Platform optimization (LogicManager, ServiceNow VRM, etc.)
Workflow design and GRC configuration
Dashboards, audit support, and executive reporting
Outcomes:
Scalable, audit-ready TPRM program
Reduced manual effort through automation
Continuous visibility into vendor security posture
Faster onboarding and fewer bottlenecks
Full compliance with ISO, HIPAA, AI Act, and SOC 2
What We Deliver:
- Vendor risk assessments and continuous monitoring
- Policy and control mapping (ISO, NIST, HIPAA, AI Act)
- Workflow automation for reviews and re-certifications
- Audit readiness support and documentation
- Third-party AI risk assessments
Outcomes:
- Scalable vendor governance
- Streamlined audits and reduced compliance effort
- Stronger ecosystem trust and transparency
