We are dedicated to safeguarding you from the risk of outsourced payroll processing and service failure. We handle everything from risk assessments, onboarding vendors, and continuous monitoring to identify changes in operation which can potentially introduce threats. We also track remediations that mitigate the threats. We do the hard work for your third-party service providers and then provide up to date information you need to focus on vendor strategy and your overall risk reduction.
Paying employees worldwide will mean compliance with the European Union’s General Data Protection Regulation (GDPR) is a legally-mandated must. Managing Third-Party Vendors and the increased risk to your business continuity will mean you not only need to, but will want to be on top of external risks to give you peace of mind.
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.