Business Continuity
Monitoring Services

Business Continuity
Monitoring Services

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Continuous validation to ensure business resilience to sudden disruptive events

Monitor and test to manage vendor performance. Effectively reducing vendor risk requires an understanding of how vendors are performing against expectations.

P3 Audit bridges the gap between procurement, risk and vendor management teams by central monitoring and onsite testing, managing and auditing vendor security, compliance and performance metrics.

LET P3 AUDIT ADVISE HELP PROTECT YOUR BUSINESS

Why continuous monitoring makes business sense

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Risk can be a source of competitive advantage. By managing risk more effectively you can unleash you full potential, creating and protecting value for all of your stakeholders.

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Understanding how vendors are performing against expectations effectively reduces vendor risk as part of your business continuity plan

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It simplifies the vendor management lifecycle from onboarding to offboarding

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Bridges procurement, vendor management and risk management teams

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LET P3 AUDIT HELP YOU PROTECT YOUR BUSINESS

6 Steps to vendor risk management success

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Add business continuity language to your service contracts

Add language to the contract to ensure that they are accountable and have a business continuity program in place that you are entitled to audit

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Identify service providers critical to your business mission

Use a Business Impact Analysis to help determine your critical external dependencies.

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Identify your critical vendor point of contact for business continuity

Have each point person’s contact information organized and easily accessible.

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Question, Assess and Audit

Identify gaps in their business continuity program and assess how significant the gaps are to their ability to support your business if they suffer a disruption.

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Identify an action plan to address gaps

If the level of risk is too high due to weaknesses in their program, develop a plan and a timeline for addressing them.

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Follow up

If vendors do not address outstanding issues re-evaluate those relationships and consider your options for alternate providers.

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Download our BCP guides

P3 Audit bridges the gap between procurement, risk and vendor management teams by central monitoring and onsite testing, managing and auditing vendor security, compliance and performance metrics.

P3 appreciate that managing third-party risk can be both a grind and costly if not managed expertly to be effective and efficient.

P3 offers free guidelines and checklists for those who want to manage the process themselves. We can also offer a support desk for those who simply need guidance, and a fully managed service for those organisations that need it.

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Testing Business Compliance, Building Business Resilience

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