Asset Management
Third-Party Risk Management with DiGRC
How a centralized vendor register and standardized assessments improved visibility of third-party risk.
Client Context
Asset Management Firm
An asset management firm relied on fund administrators, market-data vendors, cloud providers, and specialist consultants. Procurement, IT, and compliance each held partial vendor records in spreadsheets; onboarding questionnaires and annual reviews followed inconsistent templates.
High-risk vendors were not visible enterprise-wide until an issue surfaced in operations or audit. External risk intelligence was rarely connected to internal assessment workflows.
DiGRC consolidated vendor data, standardized onboarding and assessment, and introduced dashboard visibility for third-party risk exposure.
Executive Summary
DiGRC consolidated vendor data, standardized onboarding and assessment workflows, and introduced dashboard visibility for third-party risk across the enterprise.
The Challenge
Vendor information and assessments were fragmented across departments, with periodic reviews and limited use of external risk signals.
- Vendor data spread across spreadsheets and systems
- Inconsistent onboarding and assessment approaches
- Periodic assessments with limited ongoing monitoring
- No consolidated view of third-party exposure
- Delayed identification of vendor-related risks
Our Approach
A centralized vendor register, scoring framework, and structured monitoring workflows were implemented in DiGRC.
Consolidate vendor data
Brought vendor records into a single register.
Standardize assessments
Applied consistent evaluation and approval workflows.
Monitor risk exposure
Used scoring, periodic reviews, and selected external signals with dashboard visibility.
Measurable Outcomes
Third-party risk became more visible, consistent, and coordinated across functions.
Key Takeaways
- Third-party risk is often invisible before it is unmanaged
- Standard workflows matter as much as periodic assessments
- External signals add value when integrated thoughtfully
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